ByteDance, the parent of short-video platform TikTok, is planning to lower the price of its stock options to $155 per share to enhance the benefit space of employees and allow them to share in the growth value of the company.
News of incidents involving premature deaths of young tech workers in China have hit the headlines and provoked criticism against the overwork culture. However, a recent ByteDance survey uncovered employees’ mixed emotions towards the practice.
Legend Holdings, one of China’s largest investment holding conglomerates, released its 2018 interim report on Aug. 29. During the reporting period, it has amassed a total revenue of 156.549 billion yuan, a year-on-year growth of 10%.
One of China’s largest technology companies, Tencent Holdings Ltd., published its quarterly results on August 15, showing a year-over-year profit drop for the first time in 13 years.
China’s information authority released a list of top 100 Chinese Internet companies on July 27, ranking Alibaba, Tencent and Baidu, JD.com, and NetEase as the top five.