Tag: Kuaishou
China Roundup: SoftBank leads Didi’s $500M round and Meituan crosses $100B valuation
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Last week, we had a barrage of news ranging from SoftBank’s latest bet on China’s autonomous driving sector to Chinese…
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China’s top short video apps and e-commerce giants pally up
JD.com, the online retailer that is Alibaba’s long-time nemesis, announced Wednesday a strategic partnership with Kuaishou, the main rival of TikTok’s sibling in China, Douyin. The collaboration is part of a rising trend in the Chinese internet where short video apps and e-commerce platforms increasingly turn to each other for…
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93% of Chinese minors are now online
Children and teenagers in China are hyper-connected and using the internet in ways that were unimaginable and inaccessible to earlier generations. As many as 175 million people under the age of 18, or 93.1% of the country’s underage population, were internet users in 2019, according to a joint report released…
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