Entertainment

Mini-apps users have jumped more than half just in six months this year, with third-party developers for the platform increasing by a third.

Innovation is the heart of every successful startup – but it alone can only take you so far. Entrepreneurs with budding ideas should be on the lookout for the right exit opportunities.

Valued at USD35 billion excluding Douyin’s valuation, Toutiao is also raising a round and is seeking funds from KKR and Jack Ma-backed Yunfeng Capital.

Tik Tok, the overseas version of Douyin, was the world’s most downloaded non-game app in iOS App Store in Q1 2018.

Douyu rival Huya listed on New York Stock Exchange in May. 

Both Jack Ma’s Yunfeng Fund and Toutiao were said to be mulling over investing in AcFun.

China’s iQiyi, backed by Chinese search and AI company Baidu, is one of the largest online streaming services in its home market.

Tencent excellent quarterly results came just in time to bolster investors’ confidence.