A turbulent 2018 for China’s gaming market hasn’t held back newcomers. Bytedance, the world’s most valuable startup behind a collection of rising new media apps including TikTok and Jinri Toutiao, is making a further push into video games after it took control of a mobile game developer through a roundabout deal. According to a business registration […]
View More TikTok parent Bytedance is getting serious about gamesCategory: Toutiao
China’s Qutoutiao is burning millions of dollars to take on TikTok parent
Chinese startup Bytedance is finding itself surrounded by challengers as its empire of new media products, including global video app TikTok and Chinese news aggregator Jinri Toutiao, gather steam. Tencent tried to play catch-up with a handful of new short-video services, and a Facebook clone of TikTok was reportedly in the making. Less famous players also […]
View More China’s Qutoutiao is burning millions of dollars to take on TikTok parentA government propaganda app is going viral in China
Besides binge-watching TikTok videos and battling enemies in the magical land of mobile games, many Chinese people may also pass time during the upcoming Lunar New Year on Xuexi Qiangguo, a news and chat app developed by the country’s top ideology officials. The app managed to top the Chinese App Store between January 22 and […]
View More A government propaganda app is going viral in ChinaTencent AI Lab loses key executive
Chinese internet giant Tencent just lost a leading artificial intelligence figure. Zhang Tong, who previously worked at Yahoo, IBM and Baidu, has stepped down after directing Tencent’s AI Lab for nearly two years. The scientist will return to academia and continue research in the AI field, Tencent confirmed with TechCrunch on Thursday, adding that it […]
View More Tencent AI Lab loses key executiveChina’s WeChat is the latest to get Snap-like ‘Stories’
WeChat, the Chinese messaging giant with more than 1 billion monthly active users around the world, just added a Snap-like ephemeral video feature as part of its biggest overhaul since 2014. The revamp comes as Tencent, which owns stakes in Snap, sees increasing rivalry from up-and-comers like video app TikTok and news app Jinri Toutiao. WeChat […]
View More China’s WeChat is the latest to get Snap-like ‘Stories’TikTok parent ByteDance sues Chinese news site that exposed fake news problem
There’s worrying news from China’s online media world as ByteDance, the $75 billion company behind popular video app TikTok is taking a news site to court for alleged defamation after it published a story about ByteDance’s fake news problem in India. U.S. tech firms have come to rely on media to help uncover issues, but Chinese […]
View More TikTok parent ByteDance sues Chinese news site that exposed fake news problemA Chinese ecommerce app that lures grocery shoppers with cash just raised $100M in Series B
There is no shortage of up-and-comers jostling for a spot in China’s massive ecommerce industry, and oftentimes they pick a niche market and present a novel business model different from the establishment of Alibaba or JD.com . Chinese social ecommerce app Fresh Buddy announced on Tuesday that it has raised $100 million in a series B funding […]
View More A Chinese ecommerce app that lures grocery shoppers with cash just raised $100M in Series BTikTok parent ByteDance said to raise $1.45 billion for AI and content
ByteDance, the Chinese company behind the immensely popular video app TikTok, is in talks to raise $1.45 billion for a new fund, The Information reported on Friday citing sources. The fresh vehicle will help power artificial intelligence and media content for the $75 billion startup, which reportedly leapfrogged Uber’s valuation after raising $3 billion in October. ByteDance declined […]
View More TikTok parent ByteDance said to raise $1.45 billion for AI and contentChina’s hottest news app Jinri Toutiao announces new CEO
You may not have heard of ByteDance, but you probably know its red-hot video app TikTok, which gobbled up Musical.ly in August. The Beijing-based company also runs a popular news aggregator called Jinri Toutiao, which means “today’s headlines” in Chinese, and the app just assigned a new CEO. At a company event on Saturday, Chen Lin, an […]
View More China’s hottest news app Jinri Toutiao announces new CEOChina’s ByteDance leapfrogs Uber to becomes world’s most valuable startup
Move aside Uber, China’s ByteDance is now the world’s highest-valued tech startup. That’s according to reports from Forbes and Bloomberg both of which claim that the company has completed a $3 billion investment that values the company at $75 billion. A source with knowledge of the deal confirmed the round to TechCrunch and suggested that […]
View More China’s ByteDance leapfrogs Uber to becomes world’s most valuable startupGoogle will struggle if it re-enters China, says its former country head
The odds are stacked against Google if the reports are true and the company is trying to bring its services back to China, according to the former head of Google China. News reports last month uncovered details of internal plans to introduce a search product and a news app in China, moves that would mark […]
View More Google will struggle if it re-enters China, says its former country headFast-growing Chinese media startup ByteDance is raising $2.5B-$3B more
Fast-growing Chinese media startup ByteDance is looking to raise as much as $3 billion to continue growth for its empire of mobile-based entertainment apps, which include news aggregator Toutiao and video platform Tiktok. The Beijing-based startup is in early-stage talks with investors to raise $2.5 billion to $3 billion, according to a source with knowledge […]
View More Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more