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…

Netease Cloud Music joins Alibaba customer-loyalty program

By Emma Lee

Netease Cloud Music announced Wednesday that it will offer its music streaming services to members of 88VIP program, a customer loyalty scheme by Alibaba.

Why it matters: Alibaba has been building out its ecosystem through new partnerships with oth…

Ban on Tiktok will cost ByteDance $6 billion: report

By Wang Boyuan

According to the Paper (in Chinese), a source close to Bytedance says that the Chinese media giant behind Tiktok expects to suffer $6 billion in losses over India’s ban on Chinese apps. Bytedance products TikTok, Helo, and Vigo Video are all listed.

INSIDER | E-commerce is back and big on 6.18

By Deborah Weinswig

The 6.18 shopping festival was China’s largest shopping holiday since the coronavirus outbreak. It was long-awaited as a barometer of how much Chinese consumption has rebounded after lockdowns were lifted.   

To observers’ relief, sales …