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Paul Keung, former CFO of Hangzhou-based online interactive video platform operator Tian Ge Interactive Holdings (1980.HK), will be appointed as CFO of Shanghai-based online rebate and rebate-based flash sale firm Fanli. Read More
YY Inc (Nasdaq: YY), operator of Chinese voice-chat SNS platform YY and online game portal Duowan, and Hangzhou-based Tiange Group, operator of online karaoke SNS 9158.com, have denied recent rumors that the companies' online interactive entertainment services are the recent targets of a government clean-up operation aimed at removing illicit content from the platforms. Read More
According to an industry insider, Hangzhou-based Tiange Group, operator of online karaoke SNS 9158.com, online video chat platform Sina Show (show.sina.co.cn), and microblog-based interactive video community V-girl (vgirl.weibo.com), plans to raise approximately USD 300 mln (HKD 2.34 bln) through an initial public offering on the Hong Kong Stock Exchange (HKSE) as early as H2 2014. Read More
Hangzhou-based Tiange Technology, operator of online karaoke SNS 9158.com, recently received RMB 30 mln in funding from Chinese internet firm Sina (Nasdaq: SINA). Read More