Inkeverse ditches micro-dramas in face of AI challenge, tries out data centers
The company, formerly known as Inke, was China’s second largest livestreaming platform in 2017 before launching apps for social networking, dating and micro-dramas Key Takeaways: Inkeverse is dropping its micro-drama…
Tongcheng, other travel peers come under anti-competitive scrutiny
The leading second-tier online travel agent, alongside rival services operated by Alibaba and Meituan, are being investigated by China’s market regulator Key Takeaways: Tongcheng, along with second-tier online travel services…
What an AI breach of WeChat and Jollibee’s listing choice mean for U.S.-Asia tech and capital
"If you want to ensure the success of a company that is still very much regional Southeast Asia when going to market, it's probably a bit easier in Hong Kong…
Tencent sells down its Bilibili stake but retains debt links
The video platform is planning a $700 million capital restructuring that turns Tencent from a core shareholder into a creditor through an equity-to-debt deal Key Takeaways: Bilibili’s move would pretty…
Hello Group courts big spenders abroad as Chinese daters economize
The social-app operator is boosting its paid user base at home, but weaker spending and setbacks overseas are prolonging its long-awaited turnaround Key Takeaways: Hello Group’s revenue fell 5.1% in…
Shanghai Vision Star aims for global spotlight with Hong Kong IPO
The marketing services company has abandoned its listing on Beijing’s NEEQ market and is looking to Hong Kong in a bid to attract international capital Key Takeaways: Shanghai Vision Star…
Bleeding cash and mired in debt, Haichang teeters on the brink of collapse
The struggling marine theme park operator’s revenue slid in the first half of the year and its loss widened, as its massive debt load continued to swell Key Takeaways: Haichang…
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