Kuaishou Founders Unhappy With Company Growth—Time to Reorganize
Kuaishou founders Su Hua and Cheng Yixiao said they are unhappy about the company’s performance and growth.
Video Sharing App VMate Got over $100M Investment from Alibaba
As video sharing apps go viral on social media, Alibaba invested over $100 million into Vmate, which is previously owned by its subsidiary UCWeb.
Tencent delays the Game of Thrones Finale in China, Fans are Furious
In the morning of May 20, one hour before the final episode of Game of Thrones was about to air in China, Tencent video announced an unexpected delay.
Musical.ly Fined $5.7 Million for Illegally Collecting Personal Information
On February 28, the video social networking app Musical.ly, now known as TikTok, was fined $5.7 million by the Federal Trade Commission (FTC) for illegally collecting personal information from children under the age of 13.
Alibaba Buys 8 Percent Stake in Popular Chinese Video Platform Bilibili
As if making a marriage announcement on Feb. 14, Alibaba Group announced that it will be deepening its cooperation with the popular Chinese video platform Bilibili.
China’s Netflix iQIYI Files IPO in the US with Baidu as Top Shareholder
Baidu released their Q4 2017 and full year 2017 financial reports today. According to the reports, iQIYI had applied for listing to the U.S. Securities and Exchange Commission, and Baidu will remain iQIYI’s top shareholder post-listing.