Tencent

WeChat restricts controversial video face-swapping app Zao, citing “security risks” – TechCrunch

Zao went viral in China this weekend for its realistic face-swapping videos, but after controversy about its user policy, WeChat restricted access to the app on its messaging platform. Users can still upload videos they created with Zao to WeChat, but if they try to download the app or send an invite link to another …

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What Spotify Can Learn From Tencent Music Entertainment?

According to Tencent, its main revenue (70%) comes from only 3.6% of its users compared to Spotify’s 46%. Still, Tencent is earning more than any other Music providers. The main difference between Tencent and other music providers (Spotify and Apple) is that Tencent tries to create a music ecosystem, unlike others who rely on advertising …

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The biggest digital marketing stories in China: June 2019 – Econsultancy

Welcome back to our monthly round-up of the biggest and most interesting digital marketing stories in China. This month, we look at some recent movements in Chinese ecommerce, including the withdrawal of Amazon from China, and the results from JD.com’s massive 618 holiday sale. Plus, ad fraud remains a major problem in China, as exemplified …

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New Funding Round Values Reddit at an Astounding $3 Billion

Reddit announced a new $300 funding round valuing the company at an astounding $3 billion. The valuation is amazing considering that Reddit has been around for quite a while and is presumably past its high growth phase. Reddit was founded in 2005, a year after Facebook and a year before Twitter. Half of that investment …

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China Just Lifted New Video Game Ban

China just lifted its year-old ban on new video games but no Tencent games were approved in the initial list. Gamer World News Entertainment host Capt. Rob Steinberg says that it’s not really much of a surprise that Tencent’s Fortnite wasn’t in this first 80. He sees it as a huge economic opportunity for gaming …

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What do you need to know about Chinese search engine Sogou?

A few days ago, the news emerged that Chinese search engine Sogou (搜狗) is aiming to raise up to $585 million in a U.S. Initial Public Offering. Sogou, which is owned by internet company Sohu, Inc., announced the terms for its proposed IPO on Friday. The news has caused a stir among those keeping an …

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