How PDD's Temu, the world's biggest online dollar store, got sucked into President Trump's trade war; eMarketer expects Temu to have $30B in US sales in 2025
along with a 72-hour workweek regime on the side https://www.bloomberg.com/... Zheping Huang / @pingroma : Together, @spencersoper, @ClaireYChe & I take you to the Chinese factory producing random ite...
China's mini-drama industry grew 35% YoY to ~$6.91B in 2024, surpassing the country's box office and forcing iQiyi and Tencent to embrace short-form programming
Sohee Kim / Bloomberg : Bluesky: @lauridonahue . LinkedIn: Sohee Kim See also Mediagazer Bluesky: Lauri Donahue / @lauridonahue : Every example I've seen of these micro-episode series has been utter ...
Hero Games' Daniel Wu reflects on his studio's 20% stake in Game Science, the creator of China's biggest PC game Black Myth: Wukong, which has sold 18M+ copies
one of the fastest starts the global gaming industry has seen. That record pace has in turn minted millions for its earliest and biggest investor. https://www.bloomberg.com/... Zheping Huang / @pingro...
Sources: TikTok is aiming for $20B in global e-commerce GMV in 2023, more than quadruple the $4.4B in 2022, after TikTok Shop's rapid growth in Southeast Asia
but it faces big challenges PYMNTS.com : Report: TikTok Plans to Quadruple Its eCommerce Network Jofie Yordan / Tech in Asia : TikTok Shop bets on SEA to reach $20b revenue target in 2023: report Anir...
Alibaba, Tencent, and other Chinese tech giants struck a truce with the government, accepting slower growth and stricter controls as China eases its crackdown
Bloomberg : Tweets: @pingroma and @pingroma Tweets: Zheping Huang / @pingroma : China Tech Inc. has struck an ugly truce with Xi Jinping. Beijing has let go of its campaign of sudden, severe crackdow...
An interview with Animoca Brands co-founder Yat Siu on the “crypto winter”, raising funds, breaking up Meta and Microsoft's “digital dictatorships”, and more
Bloomberg : Tweets: @pingroma , @ysiu , @cecianasta , @markmilian , @cecianasta , and @animocabrands Tweets: Zheping Huang / @pingroma : Animoca Brands says its goal is to end Big Tech's “digital dic...
Sources: China decided to rein in Tencent after two scandals, including a secret WeChat project to use data to predict new Politburo standing committee members
Imagine for a second life before smartphones. Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies. Tweets: @sandyhendry , @hancocktom ,...
An unidentified hacker on a forum is selling 23TB+ of allegedly stolen data on up to 1B Chinese residents for 10 BTC, after breaching a Shanghai police database
Good morning, and welcome to Tuesday's Asia Links Sead Fadilpašić / TechRadar : Mystery hacker claims to have conducted one of the largest data heists in history Adam Robertson / crypto.news : Hacker ...
Sources: ByteDance shuts down its Shanghai games studio, in a setback to its gaming ambitions after struggling to make a splash in the Chinese gaming market
Bloomberg : Tweets: @pingroma , @pingroma , and @caixin Tweets: Zheping Huang / @pingroma : What does this mean for ByteDance gaming? Well, it's not easy to make the next Genshin Impact or Honor of K...
Kuaishou's CEO Su Hua is stepping down, will remain chairman of the short-form video company; fellow co-founder Cheng Yixiao will be the new CEO
Kuaishou's Su Hua is only the latest Channel NewsAsia : China's Kuaishou says co-founder Su Hua to step down as chief executive South China Morning Post : Kuaishou CEO Su Hua becomes third Big Tech fo...