Guan Cong
Stories by Guan Cong
Douyin to livestream Tencent’s Honor of Kings game as legal tensions ease
In 2018, Tencent sued Douyin for livestreaming its games.
Chinese cloud giants look abroad as profits wane in saturated home market
Some of China’s major cloud providers are also betting on emerging markets.
TikTok Shop charges ahead during US shopping season despite policy hostility
During the Black Friday sales season in the US, TikTok Shop recorded MoM growth of 215%.
Online publisher China Literature to buy Tencent Animation and Comics for $83.6m
Tencent Animation and Comics has been loss-making for the past two years.
Chinese tech firms tweak, slow down hiring plans amid challenging times
China’s tech industry has experienced a few rounds of ups and downs in the past few years.
Will esports go mainstream in China after Asian Games gold?
China was already the world’s largest esports market by revenue in 2020.
TikTok’s foray into Southeast Asian e-commerce is no slam dunk
TikTok has over 325m monthly active users in SE Asia, covering nearly half the region’s population.
IQiyi’s VR unit fails to pay staff, slashes jobs as metaverse hype fades
The company has also undergone several rounds of downsizing in the past six months.
China clears 89 more new video games in June
The pace of new game approvals has been steady this year with more than 85 approvals a month.
Tencent, ByteDance gut metaverse units as VR frenzy ebbs
ByteDance made a big bet on metaverse when it acquired Pico Interactive Inc in 2021.
