Bilibili invests $66 million for stake in production firm

By Emma Lee

Video-streaming site Bilibili announced on Monday a $66 million strategic investment in media production company Huanxi Media.

Why it matters: Bilibili has been broadening its content beyond the anime, comic, and game (ACG) content for which it beca…

Tiktok CEO Kevin Mayer quits as US pressure mounts

By Wei Sheng

Chief executive officer of Bytedance’s video-sharing app Tiktok, Kevin Mayer, said Wednesday that he was resigning, following an executive order from US President Donald Trump requiring the company to sell its US operations.

Details: Mayer said…