Chinese online video company Kuaishou, a major competitor of TikTok owner ByteDance in China, reported a 77% jump in online advertising sales for the quarter through September, despite the country’s slowing economic growth and Beijing’s regulatory crackdown. Hong Kong-listed Kuaishou said its total revenue rose 33%, thanks to the strength of its ad sales. But its operating loss widened...
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Kickstarter’s Blockchain Plans Risk Challenge From DAOs; Congress’ Meta Concerns
Kickstarter’s planned transition to a blockchain-based platform next year further highlights the growing intersection of crypto and crowdfunding. The crowdfunding site plans to make the switch next year, according to Bloomberg. But that may not be soon enough to compete with blockchain-based groups called decentralized autonomous organizations, or DAOs, which are capturing VC interest and...
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