10 Things You Should Know About Kuaishou — TikTok Rival Zynn’s Parent Company
Kuaishou is one of China’s largest short video-sharing and livestreaming apps, which has also become a conspicuous power in China's e-commerce industry.
Category: Industry
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TikTok Rival Kuaishou's Business in China Turns Profitable in 2022
Kuaishou, a Chinese short video platform, reported a 16.2% increase in total revenue last year to reach 94.2 billion yuan ($13 billion), up from 81.1 billion yuan in 2021. The company also significantly reduced its adjusted net loss from 18.9 billion yuan in 2021 to just 5.8 billion yuan last year.
3/30/20233 min read
Infection Rate of COVID-19 Shows Downward Trend in China
A report from the Chinese Center for Disease Control and Prevention on January 15 showed that, based on optional nucleic acid testing data, positive cases across the country have showed a clear trend of increasing then decreasing since December 9 of last year.
Warren Buffett Shares his Thoughts on China's Development
On May 4, at the annual Berkshire Hathaway shareholders' meeting, Hathaway's head Warren Buffett was interviewed by Yahoo Finance.
5/5/20192 min read
China NFT Weekly: Will NFTs Be Regulated in China?
This week: PBoC anti-money laundering chief speaks out against NFTs and metaverse, China looks to set up digital asset bourse to push e-CNY and boost financial services in the capital.
12/2/20217 min read
Online Q&A Platform Zhihu Releases Large-scale Model
On April 13, Zhihu, a Chinese Q&A community, announced the release of "Zhihaitu AI", a large-scale model co-trained with Model Best, one of China's leading model makers. Additionally, Zhihu has invested in Model Best to further strengthen their partnership.
4/14/20233 min read
Tesla China Recalls Laid-Off Employees
Tesla China recalls laid-off employees, with an expected recall scale of over 100 people, involving departments such as charging, sales, after-sales, and delivery.
Luxury Brands Go Digital in China: What Are the Major E-Commerce Trends in 2021?
With international travel inhibited across the world, luxury brands are seeking new ways to recover from stress on the global economic system caused by the pandemic.
Pop Mart Suspends Food-Related Mystery Toy Boxes Business
Designer toymaker Pop Mart announced that it would suspend a customized mystery toy boxes initiative in future cooperations with the food industry to eliminate possible food waste.
Baidu-Backed Streaming Platform iQIYI Records Full-Year Profit
According to the financial report released by Baidu's Netflix-style offshoot iQIYI on February 22, the company recorded a 2022 Non-GAAP net income of 1.3 billion yuan ($186.2 million), compared to its non-GAAP net loss of 4.5 billion yuan ($653 million) in 2021.
Bilibili Launches "Barrier-Free" Functions
On Monday, Chinese streaming media giant Bilibili launched several functions to help users who may need help with using the platform.
1/10/20222 min read
DiDi to Cease Operations in Russia and Kazakhstan Starting March 4
DiDi taxi aggregator will cease operations in Russia and Kazakhstan from March 4 of this year, PR Director of the company in Russia and CIS, Irina Guschina said.
2/22/20222 min read