Social network

Hemi App: A Digital Community for Gen Z’s Career and Social Development

Established in October 2021, a Chinese app called Hemi is positioned as a career and social development community targeted at Gen Z college students. This year, it received angel investment reaching several million yuan from venture capital institutions and entrepreneurs.

Startups Oct 20October 20, 2022

Pandaily

Short Video Giants Douyin and Kuaishou Compete for Social Metaverse

Following the launch of virtual avatar "Douyin Zaizai," ByteDance's Douyin platform recently unveiled a new virtual space. Meanwhile, competing Chinese short video streaming platform Kuaishou is also developing a virtual avatar social networking layout.

Web3 Oct 17October 17, 2022

Pandaily

NetEase Cloud Music’s First Social Music App Starts Registration

MUS, the first social music app released by NetEase Cloud Music, on September 27 officially opened for registration. MUS, an abbreviation of Music with Us, is designed for matching user groups with similar music tastes.

Industry Sep 27September 27, 2022

Pandaily

Inkeverse Launches Social Metaverse Product Targeted at Gen Z

Chinese social networking firm Inkeverse is continuing its push into the metaverse with the launch of a new social product for overseas markets called "The Place."

Web3 Sep 22September 23, 2022

Pandaily

Newborn Town to Finish Privatizing LGBTQ Social Networking Platform BlueCity

The privatization of online LGBTQ platform BlueCity is nearing completion. Metaclass Management ELP, a fund owned by Chinese social networking product developer Newborn Town, will become its actual controller.

Industry Jul 29July 29, 2022

Pandaily

Skyworth VR Releases PANCAKEXR Brand and New VR Products

On July 25, Skyworth VR revealed a new brand called PANCAKEXR and the new PANCAKE 1 series which will be priced from 2999 yuan ($444.55).

Web3 Jul 25July 25, 2022

Pandaily

Global Game Community Metaverse Z Completes Round-A Financing

Metaverse Z, a game community for Gen Z consumers all over the world, recently announced its completion of round-A financing totaling $10 million.

Web3 Jul 19July 19, 2022

Pandaily

Social Networking App Soul Applies for Hong Kong IPO

Soulgate Inc., the operator of social networking app Soul, filed an application for a public listing on the Hong Kong Stock Exchange (HKEx) on Thursday, with Bank of America Merrill Lynch and CICC serving as co-sponsors.

Industry Jul 01July 1, 2022

Pandaily

Tencent-Backed Social Networking App Soulgate Inc. Halts US IPO Process

Soulgate Inc., the operator of social networking app Soul, has decided to withdraw its F-1 registration declaration document and no longer issue securities, according to documents it filed on Thursday with the United States SEC.

Industry Jun 10June 10, 2022

Pandaily

ByteDance’s Douyin Introduces Interest-Based Social Function

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.

Industry May 16May 16, 2022

Pandaily

Newborn Town Launches Video Social Networking NFTs

Newborn Town, a global social networking company headquartered in Beijing, recently launched the world's first video-based social networking digital collectibles – "YUMY QUEEN 2021 NFTs."

Industry Mar 16March 16, 2022

Pandaily

Social Metaverse Platform Oasis Receives Tens of Millions of Dollars in Financing

Oasis, an interactive social platform based in China and focused on the metaverse, recently completed a B round of financing worth tens of millions of dollars.

Startups Mar 07March 7, 2022

Pandaily

China VC Weekly: Social Networking for the Elderly, Unmanned Retail Services and More

As China emerges from the weeklong Lunar New Year break, local VC institutions have announced several prominent new deals.

Industry Feb 08February 9, 2022

Pandaily

Alibaba and ByteDance Launch Interest-Oriented Social Apps

Taobao, an online shopping platform owned by Chinese internet giant Alibaba, recently launched an interest-oriented community app called "Yousha" (友啥 Yǒu Shá).

Industry Jan 24January 24, 2022

Pandaily

Weibo Passes HKEx Listing Hearing, Revenue Increased by 30% YoY in Q3

Leading Chinese microblogging platform Weibo had passed its listing hearing, with Goldman Sachs, Credit Suisse, CLSA and CICC acting as co-sponsors.

Industry Nov 19November 19, 2021

Pandaily

Momo to Launch Content Sharing App Called Shumei, Targeting Younger Generations

Beijing-based social media platform Momo plans to launch an app named Shumei ("raspberry" in Chinese), which will capitalize on young people's sharing and recommending needs.

Industry Jul 21July 21, 2021

Pandaily

Newcomer Clubhouse Could Face Tough Competition from Chinese-backed Social Audio Apps

While new-kid-on-the-block Clubhouse is enjoying the limelight, the idea of using audio as a medium for content creation is not new in China.

Industry Feb 02February 2, 2021

Kelsey Cheng

Douyin Unveils Video-chat Function Targeting Young Users, Depicting ByteDance’s Big Picture of Social Media

Douyin, the Chinese version of TikTok backed by ByteDance, recently introduced a new function allowing users to have video chats after they connect with each other.

Industry Apr 23April 23, 2020

Yupu Li

Top 7 Chinese Social Media Apps You Should Know for 2020

When it comes to the most popular and used ones in China, there are 7 most popular social media apps you must know for 2020.

Industry Jan 30January 27, 2020

Junjie

TikTok Considering Featured Content to Boost Monetization Potential

TikTok, a leading short video application developed by ByteDance, is considering launching new streaming featured content designed to be viewed on screens vertically.

Industry Jan 14January 14, 2020

AJ Cortese

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