
Tencent Pours $2 Billion Into Kuaishou
Chinese short-video platform Kuaishou has raised its latest found of financing, to the tune of nearly $3 billion.
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Chinese short-video platform Kuaishou has raised its latest found of financing, to the tune of nearly $3 billion.
Chinese short video platform Kuaishou announced today that, in order to better promote business and further improve the company's efficiency, it has launched a new round of organizational restructuring.
The short-video company handed out five rounds of virtual “red envelopes” during the live broadcast, totaling a record-breaking 1 billion yuan ($144 million)
Douyin has reached a cooperation agreement with the Chinese Super League (CSL), becoming the football organization's official short video cooperation platform for the new season.
A spokesperson for popular short video-sharing app TikTok has said a small-scale test is being conducted to explore ways to grade and restrict content by age to prevent teenage users from seeing adult content.
ByteDance recently launched an App called "Xiaoquxing", which will mimic some of the features of its popular APP for adults, including hosting short video content, but the APP will be specially designed for children.
ByteDance's short video sharing platform Douyin has entered the digital fashion industry and plans to launch a business called "Pheagee."
ByteDance has raised the annual target of its local life services business to 50 billion yuan ($7.4 billion), which is higher than the target set at the end of last year.
On August 19, Ele.me, a food delivery platform, and ByteDance's Douyin, jointly announced a cooperation deal. The two sides will work together to explore offerings of local life services while helping to connect merchants and consumers.
People are flocking to all sorts of social media apps to kill time while being unable to leave their homes. Some Chinese apps have emerged as the most downloaded social media apps in India.
With the Chinese Spring Festival drawing near, Kuaishou’s goal of reaching 300 million daily active users (DAU) before the Chinese New Year has been further heightened according to 36Kr.
Due to the large number of mobile users and short video’s virus spread on social media, short video industry is seeing booming growth in China.