NewsAlibaba-backed Bilibili sees sixfold increase in e-commerce revenue and healthy user growth, but widening lossesIts offerings are rooted in animation, comics, and games. 1 min read
10.8 million people now pay Tencent Music for such services. NewsOnline karaoke and live streaming services boost Tencent Music’s revenue growth1 min read
Will the local authorities seek to block it this time? NewsDespite propaganda concerns, Tencent launches subscription-based video streaming app in Taiwan1 min read
Two-thirds of Chinese readers are willing to pay for their digital content. InsightsChina’s digital reading market keeps up its growth momentum1 min read
It made USD 531.5 million in revenue last year from virtual gift sales, advertising, and game distribution. NewsTencent-backed live streaming platform Douyu aims to raise USD 500 million in US IPO1 min read
Dance to loud music in a public square? There’s an app for that. NewsTencent leads series C round in Tangdou, an app for Chinese women who like to dance2 mins read
ByteDance already made an advance into Baidu’s core business, search. NewsBaidu is reportedly incubating a music app to defend itself against ByteDance1 min read
Douyin is partnering with 6 major film studios to collaborate on content NewsByteDance’s Douyin teams up with big name film production companies1 min read