In recent times, Bilibili users have observed that several content creators whom they have been following for a while now have posted videos announcing the temporary suspension of updates. This move by the Chinese video streaming platform has caused quite a stir on social media.
Kuaishou, a Chinese short video platform, reported a 16.2% increase in total revenue last year to reach 94.2 billion yuan ($13 billion), up from 81.1 billion yuan in 2021. The company also significantly reduced its adjusted net loss from 18.9 billion yuan in 2021 to just 5.8 billion yuan last year.
The United States Congress recently held a hearing on TikTok after a three-year hiatus, revisiting concerns over the app's ownership by ByteDance and the possibility of separating it from the Chinese parent company or outright banning it in the US.
Douyin, the Chinese version of TikTok owned by ByteDance, quietly launched an application called "Qingtao." It is a video platform for young people with a focus on interest and knowledge sharing.
After Su Hua stepped down as CEO of Chinese short video platform Kuaishou in October 2021, little was known about his actions following the transition. Su was reportedly likely eyeing to enter the computer chip industry, but Kuaishou later denied this.
Chinese short video platform and TikTok rival Kuaishou announced on January 17 that Chen Dingjia will resign as chief technology officer, as he plans to devote more time to his family and personal affairs.
ByteDance-owned Douyin Group has adjusted its organizational structure, naming Han Shangyou, the current vice president of Douyin, as the platform's new head, managing several business lines.
Football fans in China previously watched the World Cup only through traditional television channels like CCTV or online video streaming platforms such as Youku, but during this year's edition, ByteDance's Douyin became the first short video platform in the country to obtain live broadcasting rights for the competition.
Taobao and JD.com, two of China's leading e-commerce platforms, have recently announced the resumption of links connecting them with short video platform Kuaishou, mainly aiming at the annual Double 11 Shopping Festival.
Chinese short video app Kuaishou's overseas business structure has been adjusted. A separate international commercialization department was set up within the division to boost revenue.
On August 19, Ele.me, a food delivery platform, and ByteDance's Douyin, jointly announced a cooperation deal. The two sides will work together to explore offerings of local life services while helping to connect merchants and consumers.
Kuaishou, the leading rival of TikTok's Chinese mainland version, Douyin, announced an organizational restructuring involving multiple departments, and has set up a new management committee.
Peng Jiatong, the business assistant of former Kuaishou CEO Su Hua, has left the job. At the same time, Li Yongbao, the firm's head of business algorithm strategy, has resigned for unknown reasons.
Wang Jianwei, Senior Vice President of Kuaishou, revealed at the company's 2022 Photosynthetic Creators Conference on July 29 that the firm will be conducting alpha tests of a creator version of its short video app this year.
ByteDance's short video sharing platform Douyin announced on July 18 that due to changing business developments, "Circle," a same-city social networking function, will be closed on July 29.
TikTok announced on June 9 that throughout coming weeks, it will introduce a tool to help users control how much time they spend on the short video app in a single sitting by enabling regular screen time breaks.
Douyin has reached a cooperation agreement with the Chinese Super League (CSL), becoming the football organization's official short video cooperation platform for the new season.
On Monday, ByteDance's short video app Douyin released a data report on the company's measures to protect minors. The report updates the company's progress in the promotion of a youth mode, content construction, platform governance and more.
ByteDance has raised the annual target of its local life services business to 50 billion yuan ($7.4 billion), which is higher than the target set at the end of last year.
Kuaishou Technology, China's leading content community and social platform, released its financial report for the first quarter of this year.