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Happigo Secures CSRC Approval to Acquire Five Hunan Broadcasting Businesses

Happigo, 6/22/18

TV and online shopping channel operator Happigo Home Shopping (300413.SZ), a subsidiary of Hunan Broadcasting System (HBS) company Mango Media, recently announced that the China Securities Regulatory Commission has approved its major asset restructuring and RMB 2 bln fundraising program, under which it will acquire five HBS subsidiaries including Kuaile Yangguang Interactive Entertainment Media (Mango TV), online and mobile game developer Mango Interactive Technology, TV production firm EE-Media, film studio Mango Studios, and entertainment content developer Mango Entertainment for a total of RMB 11.5 bln. Read More

Tencent Enters Third-party Fund Sales Market

Chnfund.com, 6/04/18

Nearly 6 months after obtaining a fund sales business license, Chinese internet conglomerate Tencent's (0700.HK) third-party fund sales subsidiary Teng'an Fund has officially entered the third-party fund sales market. Read More

Digital Reading Service Provider iReader Wins Approval for IPO

Sootoo, 7/28/17

The China Securities Regulatory Commission (CSRC) recently revealed via its website that it has granted approval to online digital reading service provider developer iReader Technology to IPO on the Shanghai Stock Exchange. Read More

E-payment Company Lakala to IPO on Shenzhen's Growth Enterprise Board

Lakala Payment, 3/03/17

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

China Securities Regulator Halts Fund-trading via Applets

TMTpost, 1/14/17

The China Securities Regulatory Commission (CSRC) has issued an emergency notice requiring all fund companies to temporarily cease trading functions offered through in-app "applets." Read More

Leshi Internet Denies Rumor of Bribing CSRC Official over IPO

Leshi Internet, 11/10/16

Chinese online video content and smart device firm Leshi Internet Information and Technology (300104.SZ) recently denied rumors that it bribed Li Liang, formerly a senior official at the China Securities Regulatory Commission, in connection with Leshi Internet's initial public offering (IPO). Read More

Rumor: Qihoo 360 President to Buy Qihoo's Enterprise Security Business

Tencent Tech, 12/09/15

Qi Xiangdong, president of Chinese internet services and security software provider Qihoo 360 (NYSE: QIHU), is reportedly considering a USD 300 mln management buyout (MBO) of Qihoo 360's enterprise security business, according to a source familiar with the matter. Read More

China's Central Bank to Establish Online Finance Stats Monitoring System

Beijing Business Today, 11/30/15

China's Central Bank and Association of China Internet Financial Industry have jointly developed a preliminary system for the monitoring of online finance statistics, according to an announcement by Sheng Songcheng, department head of survey and statistics at the People's Bank of China. Read More

Chinese Regulator Approves Xiaomi Investment in Appliance Maker Midea

Yicai, 5/22/15

The China Securities Regulatory Commission (CSRC) has approved Beijing-based Android device maker Xiaomi's plan to acquire 55 mln shares in consumer appliances and air conditioning systems manufacturer Midea Group (000333.SZ) for no more than RMB 1.27 bln. Read More

Alibaba to Invest RMB 2.4 Bln in Film & TV Production Firm Enlight Media

Enlight Media, 3/04/15

Hangzhou-based Ali Venture Capital, the VC subsidiary of e-commerce conglomerate Alibaba Group (NYSE: BABA), has offered to purchase RMB 2.4 bln in newly issued shares in a private offering from Beijing-based TV program and film production company Enlight Media (300251.SZ). Read More