Bytedance Rumored to Hit $20 Billion Revenue Goal for 2019
Chinese media outlet Jiemian reports that ByteDance achieved its performance goals in 2019, with annual revenue exceeding 140 billion yuan ($20 billion).
1/10/20202 min read
Tag: #Internet company
Showing 12 of 69 posts with this tag
Qihoo 360 Denies Rumor of Disguised Layoffs
Reports surfaced Monday suggesting that Chinese internet security firm Qihoo 360 has recently laid off employees from several departments in a disguised manner.
Jumei Youpin Receives Offer to Go Private
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.
1/13/20202 min read
Tencent, NetEase Games Approved for Launch in China
China released the approval information of imported online games in 2023 on March 20, and a total of 27 games were approved. NetEase's "Audition: Everybody Party" and Bilibili's "Pretty Derby," and Tencent's "Merge Mansion" are all on this list.
Baidu Fills CTO Position After Decade of Vacancy
Baidu announced on May 31 that their Senior Vice President, Wang Haifeng, has been promoted to Chief Technology Officer (CTO).
5/31/20192 min read
Top Chinese Governing Bodies Call '996' Work Culture Illegal
On Thursday, top Chinese governing bodies released a collective memo, saying that the '996' work culture - a 12-hour, six-day working schedule - represents a serious violation of the law pertaining to maximum work hours.
8/27/20213 min read
China's World of Online Professional Networking Amid LinkedIn's Retreat
As the sun lowers on the company’s full operations in the country, a window of opportunity is now opening for domestic competitors.
10/29/20216 min read
Sources Say Chinese Convenience Store Chain Bianlifeng to file US IPO, Denied By Company Spokesperson
Sources said today that China's Internet convenience store brand Bianlifeng is planning to file for an IPO. Goldman Sachs, Morgan Stanley and CITIC Securities will act as lead underwriters to arrange the listing.
6/23/20213 min read
System Optimization Software Company Ludashi Lists in Hong Kong, Shares Soar 104% Within a Day
Ludashi (lit. Master Lu), a computer system optimization and security firm recently spun off by the Chinese Internet conglomerate Qihoo 360, went public in Hong Kong on October 9.
10/10/20192 min read
China to Introduce New Laws to Regulate "Big Data Killing" by Internet Enterprises
Authorities in Beijing have released the latest version of the country's draft Personal Information Protection Law, affirming that it further improves rules on the processing of personal information.
Bytedance CEO Zhang Yiming at Tsinghua University: Part 3
Welcome back to our series on Bytedance, maker of TikTok (and many other things!) and the most richly valued privately-held tech startup in the world.
6/27/202022 min read
Episode 61: Getting educated on China K-12 tutoring edtech
Episode 61 of Tech Buzz China is on K-12 edtech entrepreneurs, who are seeing their businesses grow instead of shrink in the wake of the coronavirus.
2/24/202029 min read