The Great Firechat

#26 - End of 996, Didi and Bytedance's IPO conundrum, and a quirky AI


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Last week, Adeh and Kevin guessed that the end was nigh for China tech's notorious 996 work schedule, they just didn't realize how quickly it would happen.


Their guesses were a little less accurate with Didi. Beijing continues to increase scrutiny of overseas investment and Didi is caught in an awkward place as competitors start to swoop in to take advantage of the situation.


Lastly Beijing blocks a Tencent-backed merger in live-stream gaming and a quirky Microsoft AI spin-off in China is taking off.


  • Bytedance ending 996 work schedule
  • Meituan ends weekend work 
  • China tightens security on overseas IPOs after Didi
  • Bytedance shelves IPO ambitions
  • Meituan relaunches ride-hailing app amid Didi investigation
  • China gov blocks Tencent-backed merger of video-game live streaming platforms Huyu and Douyu
  • XiaoIce closes series A above $1bn mkt value
...more
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The Great FirechatBy Kevin and Adeh