Mogu Inc., a Tencent-backed fashion e-commerce platform, is laying off more than 30% of its staff. Layoffs have rocked China’s tech sector over the past month, affecting some of the country’s biggest tech companies.
The e-commerce wing of Chinese short video sharing platform Kuaishou announced on December 17 that the company has newly formulated an "Imported E-Commerce Management Code," which will take effect on December 25.
ByteDance's internal email showed that the internet giant had recently cancelled its Talent Development Center. The existing team members have been given priority for internal transfers, and if there were no suitable positions, they would likely leave the company.
According to some users on Chinese professional networking site Maimai, popular domestic video-sharing platform Kuaishou will lay off 30% of its employees in the near future.
On November 25, the Beijing Internet Court made a first-instance judgment on the Youku v. Kuaishou case regarding infringement of a TV series "Skate Into Love." Youku won the case and was compensated 460,000 yuan ($72,193).
On Monday, Chinese appliance manufacturer Gree officially announced that it would cancel the "big and small week" overtime working schedule and implement a "double break" policy, which would be enforced from that day.
On October 29, Chinese short video platform Kuaishou announced its co-founder Su Hua has relinquished the role as CEO, and Cheng Yixiao, another co-founder, executive director and chief product officer, has been appointed as CEO.
Kuaishou and Suzhou's Municipal Government have recently signed a strategic cooperation agreement that will see future investment in high-quality resources promote the settlement of Kuaishou's e-sports headquarter in Suzhou.
Kuaishou Technology has recently made a major adjustment to its overseas business so as to merge its three products into one and improve their overall efficiency.
On Tuesday, Vice President of Intel's IoT Department Chen Wei announced that the company plans to set up another department headquartered in China exclusively for its global video business.
Chinese short video platform Kuaishou announced today that, in order to better promote business and further improve the company's efficiency, it has launched a new round of organizational restructuring.
Kuaishou has released a brand new slogan for its search service – "Respond to Every Lifestyle with Your Own Lifestyle" – as seen in its first TV commercial and the latest information released on Monday.
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.
Sales for China’s online shopping giants reached a new high in the mid-year “618” shopping extravaganza, with platforms adopting different approaches to attract consumers and boost sales.
Kuaishou Technology, the operator of the second most popular short-video platform after Douyin, saw its stock tumble as much as 11.6% on Tuesday after the company reported a 7.3 billion yuan ($1.14 billion) loss the previous day.
Short video startup Kuaishou Technology is aiming to raise as much as $5.4 billion in its initial public offering, potentially becoming the largest IPO in Hong Kong since late 2019.
2020 has turned out to be an unpredictable year, but these 10 Chinese mobile apps have emerged successful in overseas markets, attracting new global users and hitting new DAU records.
High profile livestreamer Xin Ba has been fined 900,000 yuan ($138,000) for selling counterfeit bird’s-nest soup, in the latest dispute related to false advertising in China’s booming livestreaming industry.
Chinese short-video company Kuaishou Technology, TikTok’s competitor, is planning to go public in Hong Kong on Feb. 5 with a target valuation of $50 billion, according to Chinese media outlet 36Kr.
The China Audio-Video Copyright Association (CAVCA) on Nov. 7 announced plans to sue Kuaishou for infringing on the recording producer rights of 5 songs and the music copyrights of millions of videos.