Changes coming in China's online sector. Reports say that Yunfeng Capital and Alibaba are abandoning the Chinese live streaming website AcFun.com due to shareholder infighting and a decline in active users. Toutiao.com is likely to step in as an investor in the web site dedicated to anime, comics and other activities.

Analysts say the investment would give Toutiao access to AcFun.com's young users and help the company gain an edge in the long-length video field. There were reports in December that Yunfeng and Alibaba were considering investing in AcFun, but the plan was shadowed by a dispute between Alibaba and AcFun's original shareholders. Tech media 36Kr reported that the number of AcFun's daily active users slipped to 1.6 million in November, less than rival Bilibili's average in the fourth quarter.