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ByteDance Didi Features Funding Meituan The Numbers

GGV Capital raises $2.5 billion as US investors chase China tech

GGV Capital’s latest capital raise comes amid an uptick in inflows to VCs as investors look to profit from China’s tech growth.

Alibaba Alipay ByteDance Douyin and TikTok E-commerce and New Retail Heavy Hitters News Retailheads Tencent WeChat Pay

ByteDance joins Spring Festival ad war, edtech funding: Retailheads

alipay bytedance wechat pay mobile payment

ByteDance joins the annual Spring Festival marketing blowout. Alipay prepares for the 2021 red envelope war. Edtech attracts more investment.

Alipay Ant Group ByteDance Content and entertainment Fintech News Tencent Turf Wars WeChat Pay

Bytedance unveils Douyin mobile payment tool to rival Alipay, WeChat

Douyin Pay was recently added to the app, allowing users to buy virtual gifts for livestreamers and pay for goods on the app’s e-commerce platform.

ByteDance Content and entertainment Employment Heavy Hitters News Tencent

Kuaishou asks staff to work extra days ahead of Hong Kong IPO

Kuaishou is under tremendous pressure ahead of an IPO as it struggles to compete with rivals such as Douyin and Bilibili in the online entertainment sector.

ByteDance Content and entertainment Employment Heavy Hitters News Tencent

Kuaishou asks staff to work extra days ahead of Hong Kong IPO

Kuaishou is under tremendous pressure ahead of an IPO as it struggles to compete with rivals such as Douyin and Bilibili in the online entertainment sector.