Out with the old… Tencent sells app store to Huya
Weeks after offloading its animation business, Tencent has sold its overseas app store to the livestream gaming platform Huya Key Takeaways: Huya is looking to use the APKpure acquisition to…
East Buy ditches tuition to become pure e-commerce player
The former leader in online education is shedding its remaining tutoring business to concentrate on livestreaming and online product sales Key Takeaways: East Buy is selling its tutoring business to…
East Buy turns Douyin setback into publicity coup
The livestreaming company found itself in the spotlight when one of its Douyin channels was blocked, and seized the chance to promote its own e-commerce platform Key Takeaways: East Buy…
Kuaishou investors cheer profit news and buyback plan
The short-video platform posted a modest adjusted profit in the first quarter, stemming the flow of red ink for the first time since its IPO Key Takeaways: Kuaishou’s quarterly revenue…
TikTok travails take bite out of ByteDance
The short-video platform operator has lost more than half its value, even as it remains more profitable than Tencent and Alibaba Key Takeaways: Douyin and TikTok parent ByteDance posted $25…
Ready for a Food Fight? Takeout Leader Meituan Faces Video Challenge
China’s food delivery business could be taking a dramatic turn as TikTok parent ByteDance pilots a food delivery service over its Douyin video appKey Takeaways:Douyin’s service allows merchants to attract…
Koolearn’s New Lesson: E-Commerce Pays Better Than Education
The former education company has returned to profits on spiking revenues, pointing to early success in its transition to livestreaming e-commerceKey Takeaways:Koolearn’s revenue grew 263% in the first half of…
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