Pandaily's Digest #20210203
ByteDance’s Douyin sues Tencent for monopolistic practices, Alibaba announces latest quarterly results, and JD Logistics plans to file for Hong Kong IPO this month.
ByteDance’s Douyin Sues Tencent for Monopolistic Practices on WeChat and QQ
The persistent war of anti-monopoly has been fueling up as ByteDance’s Douyin on Feb. 2 announced to sue tech giant Tencent for restricting users to share Douyin content on WeChat and QQ.
Alibaba Group Announces Revenue of $33.9 Billion in Latest Quarterly Results
China’s tech giant Alibaba Group (NYSE: BABA and HKEX: 9988) today announced its long-waiting financial results for the quarter ended Dec. 31, 2020.
Baidu on Hiring Spree in China for New EV Firm with Geely: Reports
Chinese search giant Baidu has been recruiting talent in Jiangsu, Zhejiang and Shanghai for its standalone intelligent EV company with automaker Geely, according to Chinese reports.
Pinduoduo Partners with Fertilizer Giant to Kick Off Horticulture Fad
PDD jumped onto the bandwagon and partnered with Chinese integrated agricultural service giant Stanley Agriculture at the beginning of 2021.
JD Logistics To File for Hong Kong IPO This Month: Reports
JD Logistics, the distribution arm of Chinese e-commerce giant JD.com, is planning to submit an initial public offering application to the Hong Kong stock exchange as soon as this month, according to reports.
Newcomer Clubhouse Could Face Tough Competition from Chinese-backed Social Audio Apps
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.
Education Ministry’s Proposal to “Man Up” Boys Draws Severe Backlash
A fierce online debate over traditional gender norms broke out last weekend following China’s Education Ministry’s response to a proposal on preventing the “feminization" of male teenagers.
37 Chinese Mobile Games Revenue Exceeds $100M Overseas in 2020: Report
In 2020, a total of 37 Chinese mobile games have earned more than $100 million in overseas markets, according to the latest report from Sensor Tower.
Kuaishou Hit by Music Copyright Dispute Ahead of Hong Kong Listing
A Chinese government-backed organization has asked Kuaishou to take down 10,000 videos due to infringement of music copyrights, days before the company’s IPO in Hong Kong.