Broadcasting Rights for Winter Olympics Granted to Migu, Tencent, Kuaishou
On Tuesday, China Media Group (CMG) released a statement regarding the broadcasting rights for the Beijing Winter Olympic Games.
1/25/20222 min read
Tag: #*Kuaishou
Showing 12 of 47 posts with this tag
Kuaishou Denies Chairman Su Hua Under Investigation
In response to a report on Monday that Su Hua, chairman of Chinese short video platform Kuaishou, was taken away by Chinese authorities for investigation at the end of April, Kuaishou issued a statement on Monday denying the rumor.
5/23/20222 min read
ByteDance’s Rival Kuaishou Shares Slide as Live-streaming Revenue Drops and Losses Widen
Kuaishou Technology, the operator of the second most popular short-video platform after Douyin, saw its stock tumble as much as 11.6% on Tuesday after the company reported a 7.3 billion yuan ($1.14 billion) loss the previous day.
5/25/20214 min read
Short Video App Kuaishou Seeks up to $5.4B in Hong Kong IPO
Short video startup Kuaishou Technology is aiming to raise as much as $5.4 billion in its initial public offering, potentially becoming the largest IPO in Hong Kong since late 2019.
1/25/20212 min read
CAVCA Sues Kuaishou for Music Copyright Infringement, Court Opens Nov. 9
The China Audio-Video Copyright Association (CAVCA) on Nov. 7 announced plans to sue Kuaishou for infringing on the recording producer rights of 5 songs and the music copyrights of millions of videos.
11/9/20202 min read
Short Video App Kuaishou Aims for February IPO in Hong Kong: Report
Chinese short-video company Kuaishou Technology, TikTok’s competitor, is planning to go public in Hong Kong on Feb. 5 with a target valuation of $50 billion, according to Chinese media outlet 36Kr.
12/23/20203 min read
China’s E-commerce Giants See Record Highs During “618” Shopping Spree
Sales for China’s online shopping giants reached a new high in the mid-year “618” shopping extravaganza, with platforms adopting different approaches to attract consumers and boost sales.
6/21/20213 min read
Gree Announces Implementation of Double-Break Working Schedule
On Monday, Chinese appliance manufacturer Gree officially announced that it would cancel the "big and small week" overtime working schedule and implement a "double break" policy, which would be enforced from that day.
11/23/20212 min read
Intel to Establish Video Business Department HQ in China
On Tuesday, Vice President of Intel's IoT Department Chen Wei announced that the company plans to set up another department headquartered in China exclusively for its global video business.
Zack Resigns as Head of Kuaishou's Southeast Asian Market
"Zack," the former head of Kuaishou's Southeast Asian market, resigned in February this year. The employee joined Kuaishou in August 2019.
3/10/20222 min read
Chinese Internet Giants Want to Change Overtime Culture, but Employees Have Mixed Reactions
News of incidents involving premature deaths of young tech workers in China have hit the headlines and provoked criticism against the overwork culture. However, a recent ByteDance survey uncovered employees’ mixed emotions towards the practice.
6/29/20216 min read
TikTok Rival Kuaishou's Business in China Turns Profitable in 2022
Kuaishou, a Chinese short video platform, reported a 16.2% increase in total revenue last year to reach 94.2 billion yuan ($13 billion), up from 81.1 billion yuan in 2021. The company also significantly reduced its adjusted net loss from 18.9 billion yuan in 2021 to just 5.8 billion yuan last year.
3/30/20233 min read