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As good fiscal stimulus and vaccine news in countries around the world boosted global stock markets in Q4 2020, total market cap of China's publicly traded Internet companies rose 5.6% QoQ to RMB 17.8 trln, reports the Policy and Economics Research Institute of 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 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
Battered by the COVID-19 pandemic in Q1 2020, total market cap of China's publicly traded Internet companies dropped 4.2% QoQ to RMB 11.10 trln, reports the Policy and Economics Research Institute of 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
Buoyed by a general rise in the global stock market in Q4 2019, total market cap of China's publicly traded Internet companies increased 18.3% QoQ to reach a record-high RMB 11.59 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
The market value of China's publicly traded Internet companies continued to fluctuate in Q3 2019 against the backdrop of ongoing Sino-US economic and trade frictions, reaching a total market cap of RMB 9.8 trln, up 0.5% QoQ, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Shanghai-based cloud storage and computer technology developer Qiniu Information Technology recently announced completion of RMB 1 bln in Series E funding led by Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) and Yunfeng Capital, the private equity company co-founded by Alibaba Group chairman Jack Ma. Read More
Beijing-based cable TV network operator Gehua Cable TV Network (600037.SH) and Hubei Radio and Television Information Network (000665.SZ) recently announced plans to establish a cable broadband joint venture, which is temporarily called the "China Broadcasting Broadband Operating Company." Read More
Wuxi-based enterprise cloud service provider Huayun Data Technology Services recently announced the completion of RMB 500 mln in Series D+ funding from Tongkong Investment Management, Haitong Leading Capital Management, and other investment organizations. Read More
Content delivery network (CDN) service provider ChinaCache (Nasdaq: CCIH) has reached a partnership with online video site operator Youku Tudou (NYSE: YOKU) to use Youku's Wi-Fi routers as a storage device for network content. Read More