![]() ![]() Kuaishou bought the firm in 2018, when it was on the verge of bankruptcy, for an undisclosed sum.Īfter completing the acquisition, Kuaishou invested CNY570 million (USD88.2 million) in 2019 to support AcFun’s uploaders, or creators. But its growth slowed with the rapid rise of competitor Bilibili. popular online video site ACFUN and news portal will have to stop. Wen was deputy general manager of its literary and comics division, with extensive experience in the animation community.įounded in 2007, AcFun was China’s first barrage video website focusing on the two-dimensional field. Published: 23 June ,2017: 12:00 AM GST Updated: 20 May ,2020: 10:48 AM GST. He had worked for many years at internet firm Netease. Kuaishou appointed Wen to head AcFun in June 2019, when he also managed Kuaishou’s two-dimensional business development. Beijing News did not disclose where Wen would go after leaving AcFun. #2017 acfun tvChinas TV and film watchdog Thursday asked three major web portals, including the Sina Weibo, to shut down video and audio. Kuaishou has yet to make an official announcement on Wen’s reported departure. 08:55 Xinhua Editor: Gu Liping ECNS App Download. Since he took office two years ago, AcFun’s daily and monthly active user numbers have fallen short of expectations, the source said. Wen’s departure may have been due to poor performance at the Beijing-based firm. The business was handed over to Kuaishou’s operations team for unified management, it added. AcFun, a China-based video streaming platform backed by telecommunications and internet group SoftBank and video sharing platform Youku Tudou, has shut down. ![]() Wen Min left recently, but the team he brought from Netease was still working at AcFun, Beijing News reported yesterday, citing an unidentified insider at the parent company. In May, it punished Tencent for spreading self-made political and live news programs and playing vulgar shows on mobile apps including WeChat.(Yicai Global) July 6 - The head of AcFun, a Chinese anime barrage video site acquired by short video platform Kuaishou, has reportedly resigned after two years in post because of the business’ lackluster performance. The administration has repeatedly asked websites to gain the correct certificates before providing audio-visual programs. ![]() Weibo has about 340 million monthly active users, while ACFUN, nicknamed "A station," was one of China's first video sites to feature bullet screen interaction, and a major provider of cartoons and anime. "The administration has ordered authorities in charge to take effective measures to shut down the websites' audio-visual services and make a thorough rectification, so to create a cleaner cyberspace," it said. They have screened "many politically-related programs that do not conform with state rules and social commentary programs that propagate negative remarks and opinions," it said. The popular twitter-like Sina Weibo, news portal and ACFUN, a major online video site with "bullet screen" function where real-time comments from viewers appear on the screen, and other websites have provided audio-visual services without gaining the appropriate certificates, the State Administration of Press, Publication, Radio, Film and Television said in a statement. The leaked data includes user IDs, nicknames, and encrypted passwords. The firm, which recently changed owners, has admitted the security measures were insufficient. (Yicai Global) June 14 - Hackers have stolen nearly 10 million items of user data from Chinese anime barrage video platform AcFun. BEIJING - China's TV and film watchdog Thursday asked three major web portals, including the Sina Weibo, to shut down video and audio streaming services that are in violation of state rules. Hackers Steal 10 Million AcFun User IDs, Passwords. ![]()
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