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Searching for "5th tier"
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Tencent Leads Pre-IPO Funding of News and Video Aggregation App 'Fun Headlines'
PE Daily, 3/15/18
Jifen Culture Communication, the Shanghai-based developer of mobile news and video aggregation app "Qutoutiao" (literally "Fun Headlines"), recently completed a pre-IPO funding round of over USD 100 mln led by Chinese internet conglomerate Tencent (0700.HK) at a valuation of between USD 1.3 and 1.5 bln. Read More
Lenovo Reveals Strategy for China's Lower Tier Cities
Sohu IT, 8/24/11
Chinese laptop, PC, and handset manufacturer Lenovo (0992.HK) yesterday announced its development strategy for 4th, 5th, and 6th tier cities in China, which entails the release of approximately 150 new products from over 45 different product lines. Read More
Foxconn Invests RMB 300 Mln in Employee-Owned Store Initiative
Sohu IT, 12/07/10
Louis Woo, head of Taiwanese electronics manufacturer Foxconn's (2038.HK; 2354.TW) channel business group, recently disclosed that Foxconn plans to invest RMB 300 mln to assist former mainland China employees to open approximately 1,000 consumer electronics retail stores in their hometowns. Read More
Founder H1 2009 PC Sales Volume Up 8.3% YoY
Sina Tech, 9/02/09
Founder Technology Group (600601.SH) president Lan Hua revealed that Founder's PC division shipped 1.62 mln PCs during H1 of this year, up 8.3% YoY, and slightly above the industry average growth of 7.6%. Read More
Dell China Retail Outlets Exceed 3,000
Tencent Tech, 12/01/08
Dell now joins the ranks of appliance and consumer electronics retailers Gome (0493.HK) and Suning (002024.SZ) with some 3,000 Dell retail outlets in IT malls across the China. Read More
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