Su Hua, Chairman of Chinese short video streaming platform Kuaishou, reduced his holdings of 54,713,783 Class B company shares on January 18. Kuaishou responded that the proceeds will be used for charitable donations, cutting-edge technology and infrastructure investment.
On November 10, news that TikTok Shop will be launched in US was finally confirmed. In order to register for TikTok Shop in the US, merchants will need to use a domestic mobile phone number and email address, or an existing TikTok account. An invitation code is also required.
On July 19, Tencent Video issued a statement denying reports of its strategic cooperation with short video streaming platform Kuaishou on the secondary creation of long-form videos.
ByteDance-owned news and content aggregation platform Toutiao has announced recently that its livestreaming section will be wholly upgraded and that its streaming services will be provided by Douyin, the Chinese mainland version of TikTok.
Alibaba Group's free intelligent office communications platform DingTalk was developing a new video product for enterprises, mainly in the form of short videos and livestreaming.
TikTok, a short video platform owned by Beijing-based ByteDance, will start testing subscriptions on Thursday for TikTok LIVE, a new program that will allow creators to generate recurring revenue via payments from their top fans.
Kuaishou has recently revamped its overseas business strategy, setting up targeted ventures in various regions including Southeast Asia and Latin America.
ByteDance's Douyin, the Chinese mainland version of TikTok, has recently launched an "interest matching" function, which focuses on socializing based on short video content.
Beijing-based technology firm and TikTok owner ByteDance has launched a new hardware device called the "Lingjing Livestreaming All-in-One Machine," as well as a corresponding "Lingjing" app.
Chinese media outlet 36Kr reported on Monday that the domestic version of TikTok, Douyin, has recently restructured its organization scheme.
Kuaishou and Suzhou's Municipal Government have recently signed a strategic cooperation agreement that will see future investment in high-quality resources promote the settlement of Kuaishou's e-sports headquarter in Suzhou.
On September 23, Ocean Engine, a digital marketing platform owned by ByteDance, disclosed recent numbers of the usage of its search business.
Pinduoduo, the e-commerce upstart that has ascended at meteoric speed to challenge the market incumbents, may be starting to feel the effects of gravity.
News released by We Media sparked a market shock on Monday. Kuaishou shares in Hong Kong slumped heavily due to the rumor, at one point falling below the issue price of HK$115 in late trading.
China’s second-largest short video app Kuaishou is investing extensively in Brazil and Southeast Asia to expand its overseas market, aiming to increase its share amid competition with TikTok.
At the 9th annual China Internet Audio & Video Convention (CIAVC), which took place in Chengdu on June 3, mainstream video platform officials voiced criticism of short videos and so-called“we-media”" platforms.
Chinese online travel agency (OTA) Tongcheng-Elong has partnered with Kuaishou, a short video sharing and social network platform.
TikTok’s parent company ByteDance released a statement on Friday in response to the executive order banning US companies and individuals from doing business with it.
As TikTok seizes more territory around the world, its archrival Kuashou that so far hasn’t been as successful internationally is ramping up efforts to narrow the gap with its competitor.
Sen. Josh Hawley (R-MO) announced that he will introduce legislation to ban TikTok from the devices of federal employees, to ensure government institutions’ data privacy.