Tencent rebuts reports claiming it will drastically increase advertising revenue

Tencent has rebutted reports claiming it plans to increase its advertising revenue to up to 40% of its gross corporate revenue. According to tech media outlet 36Kr (in Chinese), a high-level officer at Tencent said on June 21 that in one to two years the company plans to increase its advertising revenue’s contribution to corporate gross revenue […]

Read the original article...

Toutiao and 3 other news apps have been taken down from Chinese app stores

Four of China’s most popular news apps have disappeared from Chinese app stores as of 3pm today. The enforced takedown by authorities was reported by Sohu News before the deadline, and our checks of various domestic app stores show the apps have now been removed. Jinri Toutiao 今日头条 will be suspended for three weeks, Phoenix News […]

Read the original article...

Are the good times over? AcFun goes offline (again)

First and formerly foremost ACG (anime, comic, games) video site, AcFun, has gone offline again following rumors that it was struggling to pay the bills. Attempts to reach the website return errors citing unresponsive servers and the app is not loading. Rumors yesterday suggested the company’s servers had been or would be switched off. According […]

Read the original article...