China

This is a snippet of China Venture Roundup Volume 24, covering China’s investment activity from February 15 – 21 2021.

Douyin stagnated at the pre-holiday level of about 600 million DAUs.

ByteDance has increasingly threatened e-commerce platforms such as Alibaba, JD.com, and Pinduoduo as shoppers crave interactive video content and livestreaming.

Akrostar is just one of many domestics chip companies that are gaining investors’ favor as the country seeks to be self-reliant in core technologies like semiconductors.

The 5G business offsets a loss in the smartphone division.

Driver management has been the main challenge for internet-based transportation platforms.

Cloud gaming could reinvigorate China’s gaming market as the number of gamers has dipped below its peak during the pandemic.

The gaming segment now has over 2,000 staffers in the three main brands Nuverse, Ohayoo, and Pixmain.