ByteDance

Toutiao offers the most successful formula for Chinese startups to take off without siding with any one of the Chinese “BAT” triumvirate. But it may forge an alliance with Alibaba as its r

When pointing fingers at WeChat, Bytedance’s ZHANG Yiming and ZHANG Nan still have to post on WeChat moment to spread their discontentment.

Its DAU, in Q1 2018, has reached 45.6 million, up 161.1% MoM.

Bytedance is facing challenges from Chinese cyberspace administration and rival Tencent.

Here are some stories and ideas from the past week that you shouldn’t miss.

Toutiao is reportedly eyeing to compete with Alibaba and Tencent in instant messaging tool for enterprises. 

Plus, Uber acquires bike-sharing startup JUMP. SoftBank Ventures invested $23.5 million in Singapore-headquartered IYUNO Media.

Phoenix News, NetEase News, and Tiantian Kuaibao were also taken offline from local app stores.