Recently, Xiaohongshu's self-owned e-commerce platform "Little Oasis" released a farewell letter stating that it will cease operations and shut down in October this year.
On August 2nd, Tencent is internally developing a social app called "M8", created by the QQ team. It is positioned as a map-based virtual social product, targeting young people in the social networking field. This product may begin external testing in August.
The popular Chinese app "Xiaohongshu" recently launched a new feature called "Moment," which allows users to publish text-only notes. According to the official WeChat account of Xiaohongshu, this new feature supports the publication of pure text content.
Xiaohongshu, a Chinese lifestyle sharing platform, has assembled a dedicated team for large model development since March. The team comprises core employees from the natural language processing technical team of advertising businesses.
A recent announcement by leading Chinese social media platform Weibo revealed that it plans to acquire 100% equity of Sina Technology (China) Co., Ltd., leading to speculation that it will also acquire Sina, its parent company.
Beijing-based social media platform Weibo became the sixth Chinese company to be added to a delisting watchlist by the U.S. Securities and Exchange Commission (SEC) on Wednesday.
Popular Chinese microblogging platform Weibo released its financial results for the fourth quarter and whole year of 2021 on Thursday.
Chinese social media company Renren Inc.’s $300 million settlement with a group of investors who accused its co-founders of self-dealing was rejected by a New York state judge, sending its U.S. share price on a plunge of 53%.
A ByteDance source said adjustments were made within the Feiliao product team last week with its employees moved into other internal positions. This change was regarded as a substantial dissolution of the product.
Leading Chinese microblogging platform Weibo had passed its listing hearing, with Goldman Sachs, Credit Suisse, CLSA and CICC acting as co-sponsors.
A netizen posted a message criticizing Meituan's account security system on Weibo, complaining his account was reconnected to another mobile phone number by someone else.
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.
Bytedance is gearing up to restart its social app Feiliao, an instant audio messaging platform that was previously removed from app stores.
Asia Innovations Group (AIG), the tech start-up behind live streaming service Uplive, dating app Lamour, and star-chasing app Super Fans Club, plans to go public in the US this year. The company expects to raise between $600 million to $800 million, according to media. AIG has not made any official response to these claims yet.
Following seas of Chinese users flocking to download the invite-only social media application Clubhouse, the app was banned in mainland China on Feb. 8, around 7:30 p.m. local time.
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.
Police in China revealed a scheme where gambling operators used fraudulent online fronts and delivery tracking numbers to create e-commerce records and disguise illegal money flows.
People are flocking to all sorts of social media apps to kill time while being unable to leave their homes. Some Chinese apps have emerged as the most downloaded social media apps in India.
Recently, Tencent has officially launched an app called "You Ji", with the slogan “record your real life”.
Just recently, Tencent released a live voice social app called “Echo”. When opening the app, users can see the slogan "encounter the voices you like”.