Social network Archives

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.

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."

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.

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).

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.

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.

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.

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.

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."

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.

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.

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).

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.

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.

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.

Everything about China's Innovation