Following seas of Chinese users flocking to download the invite-only social media application Clubhouse, the app was banned in mainland China on Feb. 8, around 7:30 p.m. local time.
China’s leading video-streaming platform Bilibili is facing a severe backlash on social media due to what critics claim is offensive video content involving child porn, incest, and voyeurism.
In last week’s VC news, a local gene tech firm raises funds from Tencent, Singapore’s Keppel Capital sets its eyes on China’s logistics market, while autonomous driving powerhouse Pony.ai takes its valuation to new highs.
Recently-listed short video company Kuaishou has confirmed on Feb. 8 that it will issue 100 shares to each eligible employee after the lunar Chinese New Year festival, according to Jiemian News.
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