Since the beginning of this year, the Cyberspace Administration of China has introduced measures to clean up illegal information, accounts and websites that have constituted so-called "publicity stunts" regarding virtual currency.
Luo Min, the founder and CEO of Chinese tech firm Qudian, changed his Douyin account name on August 2 to "Qudian Precooked Dishes." Moreover, all videos related to Luo Min on the account were deleted.
China's leading microblogging site Weibo released its first Environmental, Social and Governance (ESG) report on August 2, mainly covering the information and data of the platform in 2021.
China's leading microblogging platform Weibo will launch a new interest-based interactive community app called "Planet", which is a revision and upgrade of its previous app "Planet Video."
Chinese web users found on Monday that James Liang, the co-founder, former CEO and executive chairman of Trip.com Group Ltd., has been suspended on popular domestic social media site Weibo.
On Wednesday, Chinese social media platform Douban posted pictures on popular microblogging site Sina Weibo, saying it had sued the operator of Weibo for unfair competition.
This week: HSBC joins metaverse race through partnership with The Sandbox, Beijing to launch China's first metaverse-themed fund of funds, Binance leads seed round for social metaverse developer Ultiverse, and more.
Recently, employees of Chinese Twitter-like social media platform Weibo said on a domestic job information sharing platform that their company is laying off a significant number of employees and is even asking some to leave voluntarily.
Chinese online Q&A platform Zhihu is planning a second listing in Hong Kong that could raise about $300 million.
Leading Chinese microblogging platform Weibo announced on Monday that Zhang Yong, CEO of Alibaba, has resigned from the position of company director with immediate effect.
On Thursday, Galaxy Future, a cloud native basic engine provider established less than half a year ago, announced that it had completed an angel investment round worth tens of millions of dollars.
Chinese Twitter-like platform Weibo announced plans to sell 11 million shares globally through its IPO in Hong Kong, including 5.5 million new shares and 5.5 million sales shares.
Leading Chinese microblogging platform Weibo had passed its listing hearing, with Goldman Sachs, Credit Suisse, CLSA and CICC acting as co-sponsors.
In response to a large number of its users complaining about over-decorated scenic spot photos shared on the platform, lifestyle sharing platform Xiaohongshu issued a statement on Sunday apologizing to users.