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Chinese group-buy e-commerce platform operator Pinduoduo (Nasdaq: PDD) revealed in a new SEC filing today that Ms. LIU Jun will succeed MA Jing ("Tony Ma") as Pinduoduo's Vice President of Finance, effective January 1, 2022. Read More
As of the end of June 2020, China's total number of foreign-invested telecom enterprises reached 266, up more than 39% from the end of December 2019, reports the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
As of the end of March 2020, China's total number of foreign-invested telecom enterprises reached 232, up more than 21% from the end of December 2019, reports the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Hangzhou-based data security management solutions provider Meichuang Technology recently announced the completion of new RMB 9-digit funding led by China Elite Capital with participation from Puhua Capital, Oriental Fortune Capital, and Leo DM. Read More
Zhejiang-based smart bed developer Linsheng Technology (Keeson) recently announced completion of RMB 200 mln in strategic funding from Red Star Macalline Group (1528.HK), Shenzhen-based Share Capital Partners, home furnishings maker Oppein, and Beijing-based Easyhome Investment Holding Group. Read More
Shanghai-based mobile phone developer and manufacturer Huaqin Telecom Technology has announced completion of RMB 870 mln in Series A funding led by Intel Capital and Hua Capital with participation by Beijing-based Qingkong Jinxin Capital Management, Summitview Capital, Walden International, Northern Light Venture Capital (NLVC), and Zhilu Capital. Read More
Xiaoju Kuaizhi Inc ("Didi Chuxing"), operator of Chinese mobile taxi booking and car hire apps Didi Chuxing and Kuaidi Dache, has reportedly fully acquired Beijing-based 19Pay Technology and obtained its payment processing license, according to a source with knowledge of the matter speaking with Chinese news site Paynews.net. Read More
Legend Holdings recently announced that e-payment services company Lakala Payment, in which Legend Holdings controls a 31.38% stake, recently submitted an application with the China Securities Regulatory Commission (CSRC) to pursue an A-shares listing on the Shenzhen Stock Exchange's ChiNext growth enterprise board. Read More
Beijing-based Wuyou Chuangxiang Information Technology, operator of online and mobile career education platform 51CTO, recently announced completion of RMB 9-digit Series B funding led by Huakai Ventures. Read More
Beijing-based Bytedance Technology, developer of online and mobile news portal Today's Headlines, today announced its strategic investment in Shanghai-based Yingmai Culture Communication, operator of online and mobile stock images platform Dongfang IC. Read More