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Latest news and updates on Kuaishou. Founded in 2012 as a site to share gifs, Kuaishou is now one of the leading short-video platforms. With almost 300 million daily active users as of January 2020, Kuaishou is trying to turn a profit with livestreaming e-commerce.
As many of the country’s tech founders hand over the reins, it’s worth remembering that once start-ups grow to a certain size they need professional managers to take over.
Chinese initial public offerings are proving irresistible, powering the Hong Kong and Shanghai bourses as the United States turns hostile to mainland companies.
- Xin Youzhi, widely known as Xinba, has stopped updating his social media since Saturday, when his shopping show on Kuaishou was abruptly paused
- The dispute is the latest example of the love-hate relationship between social media businesses and their A-list sellers
Comments made by top executives this earnings season have offered a glimpse into the progress made by China’s Big Tech firms, after US start-up OpenAI launched in late 2022 its groundbreaking ChatGPT.
Chief executive Liang Rubo said ByteDance has become slow and inefficient in the face of increased competition.
The Shenzhen-based internet giant must find new lifelines in its video gaming and social media operations, Ma told employees at the firm’s annual meeting.
Tencent has bet on swiftly building its online retail business on the back of the mainland’s vast number of WeChat users, estimated at 1.34 billion.
Cancelling the YY Live acquisition is expected to help Baidu put more teeth into its artificial intelligence-centric business and product strategy.
Chinese mini series with catchy plot lines have quickly grabbed eyeballs but regulators are on the lookout for vulgar content.
The Shenzhen-based tech giant is on track to sell 100 billion yuan worth of goods on WeChat Channels this year, according to Chinese media.
The short-video company is renaming its local consumption unit as the recruitment and property unit, according to a Chinese report, as it accelerates its monetisation push after swinging back to profit.
The video streamer launched ‘national home-buying season’ this week with promotions of property in tourist hotspots and bargain prices.
Misconduct in the industry, from fraudulent advertising to misleading pricing, should be addressed and punished, the piece argues, in a sign that government attitude towards the sector may be shifting.
The National Radio and Television Administration has proposed a range of measures to ‘strengthen and refine management’ of short web dramas, including a sweeping review of each series’ cast, production, marketing and social values.
JD.com CEO Sandy Xu Ran will take over leadership of JD Retail from Xin Lijun, the company announced on Wednesday.
JD.com revenue rose 1.7 per cent to US$34.2 billion in the three months through September amid a price war with Alibaba and PDD.
Two of China’s largest e-commerce platforms have reported growth in sales and order volume during the world’s largest shopping festival, but did not disclose exact sales numbers.
Taobao owner Alibaba tops the list, but a Greenpeace manager says China’s e-commerce giants ‘still don’t do enough’ and may be ‘bottlenecks for progress’.
The new policy by major online platforms Weibo, WeChat, Douyin, Kuaishou and Bilibili underscores their commitment to support Beijing’s crackdown on anonymous Chinese social media accounts.
A group of Chinese live streamers, including top online influencer Austin Li Jiaqi, helped kick off Alibaba’s Singles’ Day campaign this year.
JD.com said its user orders and overall transaction volume grew over four times last year’s figures within 10 minutes of its promotion’s start on Monday. Its campaign runs through November 13.
Gong Yu, chief executive of video-streaming giant iQiyi. said AI can help turn long screenplays into short word outlines but writers and directors are still needed.
Dongfangzhenxuan, a live-streaming brand under former tutoring giant New Oriental, sold US$13 million worth of goods within 12 hours of its debut on the platform, it said.
The Chinese food delivery giant says its adjusted net profit in the second quarter more than tripled from a year ago.
Chinese technology companies got back on track for growth in the second quarter, as they continue to pin high hopes on generative artificial intelligence (AI) amid uncertainties in the macro environment.
The search engine giant is riding on a recovery in advertising and consumer spending from the Covid-19 pandemic era.
Local services offer a new source of growth for Chinese tech companies as some of their bread-and-butter businesses have plateaued.
The reinvigorated state of the tech sector is reflected in the recruitment efforts of several large firms, including Alibaba, ByteDance and Meituan.
Kuaishou, Douyin and WeChat’s Channels are increasingly attractive platforms for influencers and advertisers amid growing popularity.
A number of Chinese tech companies are now pushing generative artificial intelligence technology to create more cost-effective virtual live-streaming hosts capable of round-the-clock sessions.
Meituan co-founder Wang Huiwen’s resignation marks one of the latest in a series of senior executive reshuffles at China’s Big Tech companies.
The executive shuffle is expected to bring greater synergies between Tencent’s video gaming and live-streaming businesses.
