Guan Cong
Stories by Guan Cong
Chinese video platform Bilibili initiates job cuts across three segments
Several tech firms including Tencent, Zhihu and Xiaohongshu have also slashed jobs.
China’s Tencent fires gaming, fintech staff amid miserable first quarter
Last week, Tencent reported poor results for the first quarter.
China’s Kuaishou looks to give smaller merchants a livestreaming leg up
In 2021, Kuaishou reported $100 billion in GMV from e-commerce transactions on its platform.
Metaverse trailblazers hope to make real money from virtual people
Most startups still depend on investor funding to survive.
China’s tech giant Tencent lays off staff after tough 2021
Amid China's crackdown on the tech sector, the company is taking steps to hedge risks.
iQIYI raises $285m from Baidu, investment consortium through private placement
Baidu will buy 164.7m newly-issued iQiyi class B ordinary shares.
Tencent, Alibaba & ByteDance record big jump in investments in 2021 as crackdown hits growth
Tencent invested in 258 companies last year, while Alibaba backed 70 firms.
Chinese short video player Kuaishou starts mass layoffs as losses double
In the first three quarters of 2021, its adjusted net loss swelled by 100.3% year-on-year to $2.2b.
How new data security rules will reshape China’s Internet industry?
The rules could create new headwinds for data-rich businesses.
How China’s regulatory campaign is targeting big tech’s ‘Walled Gardens’ strategy
Big tech players protect their own digital ecosystems, preventing users from spending cash elsewhere.
