Established in October 2021, a Chinese app called Hemi is positioned as a career and social development community targeted at Gen Z college students. This year, it received angel investment reaching several million yuan from venture capital institutions and entrepreneurs.
Following the launch of virtual avatar "Douyin Zaizai," ByteDance's Douyin platform recently unveiled a new virtual space. Meanwhile, competing Chinese short video streaming platform Kuaishou is also developing a virtual avatar social networking layout.
MUS, the first social music app released by NetEase Cloud Music, on September 27 officially opened for registration. MUS, an abbreviation of Music with Us, is designed for matching user groups with similar music tastes.
Chinese social networking firm Inkeverse is continuing its push into the metaverse with the launch of a new social product for overseas markets called "The Place."
The privatization of online LGBTQ platform BlueCity is nearing completion. Metaclass Management ELP, a fund owned by Chinese social networking product developer Newborn Town, will become its actual controller.
On July 25, Skyworth VR revealed a new brand called PANCAKEXR and the new PANCAKE 1 series which will be priced from 2999 yuan ($444.55).
Metaverse Z, a game community for Gen Z consumers all over the world, recently announced its completion of round-A financing totaling $10 million.
Soulgate Inc., the operator of social networking app Soul, filed an application for a public listing on the Hong Kong Stock Exchange (HKEx) on Thursday, with Bank of America Merrill Lynch and CICC serving as co-sponsors.
Soulgate Inc., the operator of social networking app Soul, has decided to withdraw its F-1 registration declaration document and no longer issue securities, according to documents it filed on Thursday with the United States SEC.
ByteDance's Douyin, the Chinese mainland version of TikTok, has recently launched an "interest matching" function, which focuses on socializing based on short video content.
Newborn Town, a global social networking company headquartered in Beijing, recently launched the world's first video-based social networking digital collectibles – "YUMY QUEEN 2021 NFTs."
Oasis, an interactive social platform based in China and focused on the metaverse, recently completed a B round of financing worth tens of millions of dollars.
As China emerges from the weeklong Lunar New Year break, local VC institutions have announced several prominent new deals.
Taobao, an online shopping platform owned by Chinese internet giant Alibaba, recently launched an interest-oriented community app called "Yousha" (友啥 Yǒu Shá).
Leading Chinese microblogging platform Weibo had passed its listing hearing, with Goldman Sachs, Credit Suisse, CLSA and CICC acting as co-sponsors.
Beijing-based social media platform Momo plans to launch an app named Shumei ("raspberry" in Chinese), which will capitalize on young people's sharing and recommending needs.
While new-kid-on-the-block Clubhouse is enjoying the limelight, the idea of using audio as a medium for content creation is not new in China.
Douyin, the Chinese version of TikTok backed by ByteDance, recently introduced a new function allowing users to have video chats after they connect with each other.
When it comes to the most popular and used ones in China, there are 7 most popular social media apps you must know for 2020.
TikTok, a leading short video application developed by ByteDance, is considering launching new streaming featured content designed to be viewed on screens vertically.