And, Kuaishou launched the Xinghai plan to support overseas content creators; Reliance Retail is valued at US$29 billion.
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Globalization of Chinese Enterprises
Chinese mobile games occupy the Korean market. According to the latest data from the Sensor Tower store intelligence, the Korean mobile game market revenue in Q2 2020 will exceed US$1.19 billion, a year-on-year increase of 23.8%. In the second quarter, Chinese mobile games performed well in the Korean market. A total of 39 products were included in the top 100 best-selling Korean mobile games, the highest in recent years.
TikTok plans to add 10,000 jobs in the United States within three years. TikTok announced that it plans to add 10,000 jobs in the United States in the next three years. A TikTok spokesperson said in a statement: “The company will pay high salaries for these positions, and TikTok will continue to work to create fun, safe, and fully protected user privacy.” This year, the number of TikTok US employees has tripled from the beginning of the year. Fewer than 500 people increased to nearly 1,400. (Netease Technology)
Some US investors in ByteDance plan to jointly acquire a majority stake in TikTok. According to The Information, some American investors in Bytedance are discussing the possibility of jointly acquiring a majority stake in TikTok with the company’s top management. People familiar with the matter said that the negotiation is still in the preliminary stage and is one of the directions that Bytedance is studying.
Tencent won the exclusive broadcast rights to Tomorrowland, the world’s largest electronic music festival. It is learned that due to the impact of the global epidemic this year, Tomorrowland 2020 will be converted to online paid viewing with the theme of “Around the World”. The panoramic music live entertainment brand TME live under Tencent Music Entertainment Group, as the exclusive strategic partner of Tomorrowland Greater China, will soon exclusively present the Tomorrowland 2020 online music festival for free. Tomorrowland is one of the largest electronic music festivals in the world.
Kaishou releases the Starfish Project, with hundreds of millions of traffic supporting overseas content creators.