With 100 million monthly active users aged under 24, China’s anime site Bilibili is launching a paying membership plan.
Highlights on social media of the week: a woman nearly got abducted by a man in a hotel under the watch of surveillance cameras and bystanders.
Good news for gamers! Tencent is expected to release more than 30 mobile games in 2016!
Representative animated video site, Acfun, leads the pack with funding from SoftBank, just as Chinese millennials have fed a popular subculture.
This week in China financing news: Online second-hand car marketplace receives USD 50 million; Tencent invests USD 200M in millenial video site Bilibili; and rent installment website receives USD 8.6 million.