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Rumor: PBoC Prohibits Provision of Transaction Services for Virtual Currencies
Eeo.com.cn, 1/19/18
The People's Bank of China (PBoC), the nation's central bank, has issued a notice stating that as of January 17, its work units and branch offices are to strictly prohibit the provision of transaction services for virtual currencies and to take effective measures to block payment channels from using virtual currencies to make transactions. Read More
Drug E-tailer 111.com.cn, Scrianen Ally on Pregnancy Healthcare Solutions
Lanjinger.com, 7/10/17
Guangdong-based No.1 Pharmacy Chain, operator of online medicine retail platform 111.com.cn, has announced a strategic partnership with Beijing-based pharmaceutical company Scrianen Pharmaceutical to provide pre-pregnancy and pregnancy healthcare solutions. Read More
Online P2P Financing Platform Weidai Wins RMB 1 Bln Series C
Caijing.com.cn, 5/23/16
Hangzhou-based Ruituo Technology, operator of online P2P financing platform Weidai.com.cn, has announced the completion of RMB 1 bln Series C funding led by Vision Knight Capital and with participation from China Capital Management and Dongyi Risheng Decoration (002713.SZ). Read More
Gome's E-commerce Unit Appoints New Management in Drive to IPO
Sohu IT, 8/05/15
Chinese home appliance and consumer electronics retailer Gome (0493.HK) has appointed senior vice president Li Juntao to CEO of Gome's B2C e-commerce business. Read More
Gome to Open 100,000 Microstores on WeChat
Beijing Business Today, 3/27/15
Chinese home appliance and consumer electronics retailer Gome (0493.HK) will establish 100,000 mobile "microstores" this year and has already started large-scale testing of more than 10,000 such stores in Xiamen and Xi'an, according to Gome president Wang Junzhou at the company's 2014 financial results meeting. Read More
P2P Financing Platform Weidai Lands RMB 100 Mln Funding
TechWeb, 6/18/14
Hangzhou-based Ruituo Technology, operator of online P2P financing platform Weidai.com.cn, has announced the receipt of RMB 100 mln in funding led by Shanda Capital, the private equity and venture capital arm of Shanda Interactive Entertainment. Read More
Online Florist Roseonly Completes USD 8-Digit Funding
Ebrun.com, 5/06/14
Beijing-based Zhide Chuanghui, operator of online B2C florist site Roseonly, has announced the completion of a USD 8-digit round of new funding from IDG and ACCEL. Read More
Rumor: Gamewave to Operate Gome.com's Gaming Business
Sina Tech, 2/24/14
An industry source has revealed that Chinese home appliance and consumer electronics retailer Gome's (0493.HK) Gome.com B2C e-commerce site is currently in talks with Beijing-based browser game developer and operator Gamewave Interactive to hand over operation of Gome.com's online and mobile gaming business to Gamewave. Read More
Baidu-invested Leftbrain Seeks 2014 IPO
Securities Daily, 11/25/13
Liang Ran, GM of Marketing at Xgo.com.cn, a car review website operated by Beijing-based LBS mobile advertising firm Leftbrain Technology, has disclosed that the company will seek an IPO in 2014. Read More
Rumor: Changyou to Launch Self-Developed 3D Game Engine
DoNews, 11/14/13
Chinese online game developer and operator Changyou (Nasdaq: CYOU), a subsidiary of Internet portal Sohu (Nasdaq: SOHU), has put up a single-page website at www.genesis-3d.com.cn consisting of a countdown clock headed by the title "Changyou 3D game engine release countdown." Read More
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