Three CEOs of Chinese tech giants are among the top 10 of Fortune’s new “40 under 40” list released by the magazine on July 20.
Earlier this month, Tencent sued Bytedance, better known as Toutiao, for 1 RMB and Toutiao fought back by suing Tencent for 90 million RMB. What sparked the feud between the David and Goliath of the Chinese tech world? Listen to this week’s episode of TechBuzz China by Pandaily to find out!
Douyin, the most popular short-video platform, announced on June 12 that its number of domestic daily active users (DAU) has exceeded 150 million.
Last week, Tencent filed a lawsuit against Toutiao asking for a token compensation of 1 yuan, or 15 cents USD. A week later on June 1st, Toutiao filed a lawsuit against Tencent to retaliate, but with a demand of 90 million yuan (US$14 million) in compensation.
Tencent filed lawsuits in Beijing on Friday against Beijing Bytedance Technology Co Ltd, the owner of Jinri Toutiao and weiboshijie Ltd, parent company of Douyin, claiming 1 yuan for compensation and demanding public apologies from the two companies to publish on these two new media platforms.
Mary Meeker published the 23rd edition of the annual “Internet Trends Report” on May 31, predicting that China and US will both lead the world’s AI technology in five years.
Toutiao entered the industry of online English courses for children by launching of a new educational product branded “gogokid”.
Ma Huateng, the CEO of the Chinese Internet giant Tencent Holdings, was in the news recently for the screen shot of his altercation with Bytedance CEO on the latter’s WeChat Moment.
As statistics show on May 7, Chinese applications are leading in the iPhone applications market. Recent data from an app intelligence firm Sensor Tower shows that in the first quarter of this year, the number of app downloads of Douyin or Tik Tok as it is in known overseas, has reached 45.8 million
TechBuzz China is a new weekly technology podcast powered by Pandaily hosted by Rui Ma and Ying-Ying Lu. To listen to this week’s conversation on Toutiao’s Apology and Mobike’s Acquisition by Meituan-Dianping, you can tune in to TechBuzz China on iTunes Podcast, SoundCloud, or simply search for TechBuzz China in the podcast app of your choice.
Zhang Yiming, founder and CEO of Toutiao, issued an open apology on morning of April 11th, stating that Toutiao, one of the largest news and information content platform in China, will permanently shut down the Neihan Duanzi (内涵段子) app as well as its Wechat public account.
CCTV recently uncovered links leading to false advertisements on Toutiao, a Beijing-based news-reading platform.
On March 8, Foxconn received A-share after a record speed of 36 days of proceedings. As regulators continue to send favorable signals for domestic listing and trading, more unicorn companies are likely to enter A-share.
At the Toutiao sixth annual meeting on March 9, its founder and CEO Yiming Zhang talked about corporate social responsibility for the first time, noting “integrity”, “responsibility” and “win-win cooperation”. Zhang also announced that keyword for Toutiao in 2018 is globalization, looking to become a platform for global creation and exchange.
Toutiao founder and CEO Zhang Yiming spoke to graduates employed by the product department at the Toutiao Bootcamp.