TikTok and Chinese version Douyin recorded more than 738 million downloads in 2019 across Apple’s App Store and Google Play in 2019.
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Posted inHeavy Hitters, On the Cusp
Nio stocks rebound as Q1 deliveries beat forecasts
The Q1 performance of Nio was a big relief for investors and eased concerns over fallout from the recent Luckin scandal.
Posted inHeavy Hitters
Chinese online media firm Sina may delist in US
Sina is the second Chinese tech company in a month mulling a delisting from the US market, a sign that Chinese tech firms are shying away from US markets.
Posted inHeavy Hitters
Douyin rival Kuaishou refocuses overseas, Brazil DAU surges to 3 million
Intense competition in China’s short video segment is pushing companies to seek growth in overseas markets.
Posted inThe Numbers
Briefing: Live-streaming platform Huya to raise $343 million in new share offering
Huya intends to use the funds on its content ecosystem and e-sports partners.
Posted inHeavy Hitters
Briefing: JD.com to accelerate expansion to lower-tier cities in 2019
Lower-tier cities represent a new opportunity for Chinese e-commerce giants like JD.com and Alibaba.
Posted inHeavy Hitters
Alibaba doubles quarterly net profit thanks to e-commerce and cloud
Alibaba revenue surges 42% on the year in the quarter ended June 30.
Posted inHeavy Hitters
China opens anti-trust investigation against Ericsson as 5G race heats up
Chinese regulators are investigating complaints against Ericsson for breaking anti-trust rules in its licensing practices for 3G and 4G technology.
Posted inHeavy Hitters
Baidu’s autonomous driving technology finds new application in urban cleaning
Joining hands with Chinese tech giant Baidu, Beijing Environmental Equipment Company, a subsidiary of Beijing Environmental Hygiene Group, launched seven autonomous driving vehicles for urban environment cleaning, local media is reporting. Based on Baidu’s open-source autonomous driving platform Apollo, the seven autonomous driving vehicles launched on September 28 are designed to fulfill various tasks in urban city […]
Posted inHeavy Hitters
‘Tech constraints’ may slow China’s 5G rollout, says Jefferies
A recent report re-evaluates 5G timing and rollout following a critical development in December and recent signals from government bodies.
