Tencent Music scales audio heights with Ximalaya purchase
While short videos are all the rage lately, Tencent Music’s latest acquisition bolsters its position in the strategically important market for long-form audio content Key Takeaways: Tencent Music will pay…
BRIEF: Synagistics forms AI partnership with ByteDance
E-commerce company Synagistics Ltd. (2562.HK) said on Tuesday it will use AI infrastructure supplied by Chinese internet giant ByteDance to create tools to help its merchants boost their productivity. The…
Apple’s AI gamble in China: Did it bet on the wrong horse?
Apple may have miscalculated by teaming with Alibaba in a limited AI partnership, rather than embracing open-source sensation DeepSeek By Vivian Toh When Apple (AAPL.US) recently unveiled its collaboration…
BRIEF: ByteDance reaches $315 billion valuation in latest share buyback
ByteDance, parent of short-video sensation TikTok, was set to conduct a share buyback this week that values it at $315 billion, a record for the company, according to Reuters. Citing…
BRIEF: TikTok’s Canada unit files for judicial review after shutdown order
TikTok's Canadian unit said Wednesday it has filed an emergency motion with Canada's Federal Court seeking judicial review of an order requiring the company to shut down its operations in…
BRIEF: TikTok to shutter year-old music streaming platform
Short video platform TikTok announced it will discontinue its TikTok Music streaming service on Nov. 28, just over a year after launching the service, Caixin reported. TikTok said that customer…
Xiaohongshu’s new funding: Return to old times or end of a chapter?
The social e-commerce company, whose name means ‘Little Red Book,’ scored a relative rarity by attracting Western big-name DST in its latest funding round Key Takeaways: Xiaohongshu was valued at…
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