Caiwei Chen

Caiwei is a bilingual multimedia journalist who is interested in culture, politics and society in the digital age. At Pandaily, she mainly covers the major moves of Chinese video and music platforms including TikTok, Bilibili and IQIYI and innovative consumer products in Chinese market. Caiwei graduated with a B.A. in Communications fro University of Colorado Denver and is also a proud Associated Press alum. In her spare time, Caiwei is always up for a deep conversation over coffee, a gallery tour, or a grocery haul at her favorite market. Learn more about her at www.chencaiwei.net.

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Kuaishou Officially Files its IPO Prospectus in HKEX as ByteDance Seeks Pre-IPO Round of Financing

On the evening of Nov 5, Beijing time, Chinese short video giant Kuaishou officially submitted its prospectus to the Hong Kong Stock Exchange, ending the months long speculation as of when the company is to go public.

TikTok Lands Deal with Oracle-Walmart, Only Giving up 20% Stake, Drops Charge Against Trump Administration

TikTok released a statement Thursday that its parent company ByteDance has reached a rudimentary agreement with Oracle and Walmart after months of confrontation between the hit short video app and the White House over national security concerns.

Kuaishou Starts Closed Beta of Podcast App Piting

With the rising popularity of podcasting in the past decade, short video platform Kuaishou is stepping into the realm with a new podcast app.

ByteDance Rejects Microsoft Bid as Sept. 20 Deadline Draws Near, Sale Off Table?

ByteDance, the parent company of popular short video app TikTok, has rejected Microsoft, the first publicly known bidder of the app’s American arm.

Designer Toy Maker Pop Mart Announces Investment in Social Media Darling M Woods Museum

On Aug. 31, M Woods Art completed a new round of financing from Pop Mart, the trend-setting designer toy chain that is about to go public in Hong Kong.

ByteDance Obtains Payment Business License

ByteDance has completed its acquisition of a payment business license, completing the last pillar of its ownership of a full range of digital payment business licenses in China, which will allow it to conduct various forms of financial services.

Chinese Domestic Coffee Brands Lead Online Consumption Trend as Santurnbird Completes B Round Financing

Chinese upscale coffee brand Saturnbird has completed an over 100 million yuan B Round financing this year, led by Sequoia Capital, and followed by its old shareholder Fengrui Capital.

Online Language Learning Service Duolingo Celebrates Anniversary in China

Multinational ed-tech unicorn Duolingo held a media conference in Beijing on Aug. 28 to celebrate the anniversary of its entry into China.

Chinese Authorities Revise Export Restrictions, ByteDance’s US Sale Possibly Suspended

Xinhua reported that the revised export catalog may restrict TikTok from selling its US operations because the deal must be approved by China.

Beijing-based Vegan Meat Startup Vesta Completes New Round of Financing, Lands Cooperation Deal with Local Restaurant Chain

Vesta Food Lab, a Chinese plant-based substitute startup has completed a new round of financing worth RMB 16 million (USD 2.3 million) led by Xuerong Biotech.

Kevin Mayer Resigned as TikTok Global Chief, Venessa Pappas to be Interim Head

On Aug. 27, at 12: 14 PM, Beijing local time, Kevin Mayer sent out an all-staff internal letter and announced to resign as global COO of ByteDance.

TikTok’s Rival Triller Lands Alliance with Local Streaming Giant JioSaavn

On Monday, short video platform Triller announced a new strategic partnership with JioSaavn, a music streaming platform owned by Reliance Industries Limited owned by Mukesh Ambani, India's richest man.

Breaking Down TikTok’s Case Against Trump Admin, Zuckerberg to Blame?

TikTok's full complaint explained. Is Zuckerberg accountable for breaking Zhang Yiming's global ambition?

ByteDance to Sue US Government over the TikTok Ban on Monday: Full Announcement

TikTok Parent ByteDance announced that it is going to sue the Trump administration after the recent executive order that threatened a complete ban on the company’s business in the United States.

ByteDance Acquires EdTech Startup NPY, Strengthens its Education Unit

Bytedance has completed its acquisition of mathematical thinking platform NPY, which offers live-streaming and recorded video classes to kids aged 3 to 12 years old.

Tencent Hires Former Obama Administration Counsel as Lobbyist While Trump Targets WeChat

Tencent has hired a Washington lobbying firm, making its first move in Washington just one day after US President Donald Trump threatened to ban its social media app WeChat, according to Politico.

Taiwan to Expel Mainland Streaming Services IQIYI and Tencent Video by September

Taiwan authorities are closing a regulatory loophole to block mainland tech companies including Tencent Holdings and Baidu from offering video streaming services on the island.

TikTok Competitor BIGO to Relocate Its Hong Kong Servers in Singapore to Escape Crossfire

The Chinese short video service company BIGO is moving its servers from Hong Kong to Singapore in order to emphasize its independence from its Chinese parent company.

IQIYI Stock Slides under SEC Investigations, Q2 Earnings

On Aug. 14, 2020, Chinese Baidu-backed video streaming service iQIYI announced its unaudited financial report for the second quarter ended June 30, 2020.

Ep. 71: Industry trends in China’s COVID-19 recovery, with Mu Chen

Guest Mu Chen discusses recent data and trends from key industries to illustrate how China’s economy is recovering from the downturn caused by COVID-19.

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