TikTok, the international version of Douyin, a short-video app developed by ByteDance, generated $176.9 million in revenue in 2019, growing fivefold since 2018.
Bloomberg reports Chinese ride-hailing company Dida Chuxing is expected to raise up to $300 million in a pre-IPO round.
Huawei officially revealed its business results Thursday for the whole of 2019, showing record results despite significant problems with the US.
At 11:02 on Thursday, the Kuaizhou-1A Carrier Rocket named “Kuaizhou • Fuqiangfu” (rich, strong and blessed in Chinese) was launched at the Jiuquan Satellite Launch Center.
TikTok, a video-sharing social network owned by Chinese tech company ByteDance, achieved an all-time high in mobile application downloads in the last quarter of 2019.
Ant Financial announced the launch of the INCLUSION Fintech Conference, an event that aims to bring together the global financial and technology community.
Ant Financial has responded to rumors of dual listing IPO of both A-shares and H-shares, saying there is no plan or timetable for an IPO.
TikTok, a leading short video application developed by ByteDance, is considering launching new streaming featured content designed to be viewed on screens vertically.
Chinese telecom giant Huawei has recruited executives from BAIC Group to augment their capabilities in smart automotive solutions.
China's annual Spring Festival is approaching. On January 11, Taobao announced an exclusive e-commerce partnership with CCTV's Spring Festival Gala.
Chinese e-commerce company Jumei Youpin received a privatization offer from the buyer group represented by Chen Ou, Chairman, CEO and CFO of Jumei International on January 11.
According to 36Kr, Douyin, which is known outside of China as Tiktok, reached a music sub-licensing deal with Tencent Music at the end of 2019.
Chinese media outlet Jiemian reports that ByteDance achieved its performance goals in 2019, with annual revenue exceeding 140 billion yuan ($20 billion).
Chinese audio platform Lizhi has updated its prospectus a few days ago to reveal more details of its upcoming IPO.
As for WeChat public accounts, we lack an instrument allowing everyone to create content, because we can’t ask everyone to write articles every day.