Ask China Anything: A peek inside China’s ACG culture
WEBAug 9, 2019 · ACG, short for “Anime, Comic, and Games,” is being embraced by more and more young people in China. For one female interviewee, it was her seventh time visiting ChinaJoy, and she still gets excited walking through the different halls. “It’s like entering a 2D world in a 3D space,” she said. “I feel relaxed and far from the pressure ...
Online black market for adult content thrives behind China
WEBJul 30, 2019 · Online black market for adult content thrives behind China’s firewall. A blurred out porn site. (Image Credit: BigStock/Volodymyr P) For foreigners living in China, it has become a rule of thumb that specialized software is needed to bypass the country’s internet restrictions and gain access to outlawed content such as pornography.
Bytedance launches video editing app Viamaker overseas
WEBApr 29, 2020 · TikTok owner Bytedance has quietly launched in overseas markets the video-editing app hugely popular in its home territory under the moniker, Viamaker. Why it matters: The Chinese version of Viamaker, or Jianying, has been among the top 10 most-downloaded free apps on Apple’s App Store in China for …
Zoom will be local version-only for Chinese users - TechNode
WEBAug 3, 2020 · Zoom, which previously operated its China business through direct sales, online subscription, and partner sales, is now shifting to a partner-only model with its technology embedded in partner offerings, the company said in a statement to TechNode on Monday. The firm suspended the online subscription model for …
ByteDance becomes world’s largest unicorn with $353 billion
WEBDec 20, 2021 · TikTok owner ByteDance is the world’s largest unicorn with a market valuation of $353 billion (RMB 2.25 trillion), according to a Monday unicorn ranking list from the Hurun Research Institute. Alibaba affiliates Ant Group and Cainiao take the second and ninth spots, respectively, with valuations of $150 billion and $34 billion.
Xiaohongshu secures $500 million at $20 billion valuation
WEBNov 9, 2021 · China’s social e-commerce app Xiaohongshu, also known as Little Red Book, has raised $500 million and reached a $20 billion valuation. Investors of the round include existing investors such as Temasek Holdings, Tencent, and Alibaba. The platform was reportedly mulling a Hong Kong IPO after it suspended its US listing plan in June due to Beijing tightening rules on Chinese companies seeking ...
The incredible rise of Pinduoduo, Tencent’s most powerful
WEBJul 27, 2018 · Pinduoduo’s annual GMV (gross merchandise volume) surpassed RMB100 billion in 2017, that’s around two years since its inception. To hit the same milestone, Taobao took five years, VIP.com took eight years and JD ten years. Pinduoduo now claims more than 343.6 million active buyers with an annual GMV of RMB 262.1 billion.
A tour of ByteDance headquarters in Beijing · TechNode
WEBSep 11, 2019 · Last week, TechNode visited Bytedance HQ, located along Beijing’s North Third Ring Road. The headquarters consist of a tall building and a lower building; the latter—where company executives’ offices are located—is considered the heart of Bytedance. While its digs are not as fancy as Apple’s “spaceship” campus or Google’s ...
Huawei-backed Aito has 50,000 orders for redesigned M7 SUV
WEBOct 7, 2023 · Details: The revamped M7 crossover has racked up more than 50,000 pre-orders with non-refundable deposits of RMB 5,000 ($685) as of Friday, Richard Yu, the chief executive of Huawei’s consumer business group, said in a post on Chinese social media app WeChat. Yu described the growth momentum of the new M7 as “a miracle,” adding that more ...
Explainer: China carmakers scramble for auto chips · TechNode
WEBMar 29, 2021 · Analysts expect China to gain independence in less advanced processors over the next few years, while still facing pressure to access cutting-edge auto chips from global suppliers. Nipped in the bud: Last April, China’s automotive industry recorded sales growth for the first time in two years. This was followed by months of double-digit rebounds.
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