WeChat Regulates Overseas Recruitment Agency Practices
WeChat has issued an announcement to further regulate and guide WeChat official accounts publishing information on foreign labour cooperation.
Does a Change of Name Signify a Change of Policy for ByteDance and Douyin in Hong Kong?
According to the website of the Hong Kong Companies Registry, ByteDance (Hong Kong) Limited has changed its name to Douyin Group (Hong Kong) Limited.
China’s biggest microblog Sina Weibo will forcefully reveal users’ locations and IP addresses
Sina Weibo, the largest Twitter-like microblogging platform in China, announces users’ IP addresses and location data will be revealed when they post content in the app.
Kuaishou E-commerce supports fast brands with over 23 billion internet traffic
On 25 April, the e-commerce section of Kuaishou, released a project to support up to 500 fast brands with over 23 billion internet traffic this year.
Content creator becomes the most popular profession for China’s post-00s
Data from Zhaopin.com showed that 88.1% of the post-00s generation are willing to, or are trying to, find flexible employment. Content creator is the emerging profession that the post-00s most want to engage in.
TikTok’s ad avenue will balloon to $11bn this year
TikTok’s worldwide ad revenue is predicted to triple to over $11 billion in 2022, according to Insider Intelligence, more than the $10.4 billion for Snapchat and Twitter combined.
Elon Musk becomes Twitter’s largest shareholder
On April 4, Tesla Motor’s CEO Elon Musk disclosed a 9.2% stake in Twitter, worth nearly $3 billion (19 billion yuan), making him Twitter’s largest shareholder and triggering a rise of over 27% in the company’s shares.
TikTok’s ad revenue hits a 300% growth rate
While TikTok’s ad revenue is growing at a 300% compound annual growth rate, ByteDance’s advertising revenue in China has stagnated, despite recent growth in TikTok’s e-commerce business.
Meitu launched six new imaging products
On March 6, Meitu company launched six new imaging products. Meitu also revealed that its global VIP membership has now reached 4.5 million.
“Kuaishou Cinema” hit over 50 million daily users during the Spring Festival
According to the data released by Kuaishou Entertainment, Kuaishou launched the “Free Movies for Spring Festival ” event on the “Kuaishou Cinema” channel. The report shows that during the event, over 50 million unique users clicked to enter the channel