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Mobile Education Platform Zuoyebang Wins USD 750 Mln Series E
Zuoyebang, 6/30/20
Chinese K-12 online education platform Zuoyebang has announced via its official WeChat account the completion of a USD 750 mln Series E round of financing, led by FountainVest Partners and Tiger Global, with participation from new and existing shareholders Qatar Investment Authority, Sequoia Capital China Fund, Softbank Vision Fund 1, Tiantu Capital, and Xianghe Capital. Read More
JD Retail Partners with Video Sharing and Livestreaming App Kuaishou
JD.com, 5/27/20
JD Retail, the retail business of Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD), has announced a strategic partnership with Chinese video sharing and livestreaming platform Kuaishou to develop a short video e-commerce livestreaming ecosystem. Read More
Baidu Posts Q1 2019 Net Loss of RMB 327 Mln
Baidu, 5/16/19
Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More
Baidu Upgrades Baidu App with Full Support for Mini Programs
Marbridge Consulting, 11/01/18
Chinese online search engine operator Baidu (Nasdaq: BIDU) announced the launch of version 11.0 of Baidu App, its mobile search and news feed app, today at its annual Baidu World event in Beijing. Read More
Audiobook Platform Lanren Tingshu Wins RMB 200 Mln Series C
Lieyunwang, 6/25/18
Shenzhen-based Lanren Online Technology, operator online and mobile audiobook platform Lanren Tingshu (literally "Lazy People Audiobooks"), has announced the completion of RMB 200 mln in Series C funding jointly led by Time Publishing and Media (600551.SH), Shenzhen Qianhai Tianhe Culture Industry Fund Management and Fuhui Capital. Read More
Online Housing Rental Service Baletu Secures RMB 300 Mln Series C
36Kr.com, 5/10/18
Shanghai-based Wanjian Information Technology, operator of online and mobile housing rental services platform Baletu.com, has announced the completion of RMB 300 mln in new funding led by Tiantu Capital, with participation by Series B lead investor DCM Ventures and other previous investors. Read More
NetEase Youdao Secures Strategic Funding at USD 1.1 Bln Valuation
Beijing Business Today, 4/17/18
Online search engine and mobile internet application service provider NetEase Youdao Computer System, a subsidiary of Chinese internet company NetEase (Nasdaq: NTES), recently announced the completion of its first strategic funding led by Muhua Jinxin Investment Management with participation from Legend Capital at a post-money valuation of USD 1.1 bln. Read More
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
Rumor: Online News Platform Yidian Zixun Secures USD 100 Mln Series E
TechWeb, 10/18/17
Beijing-based Particle Information Technology, operator of mobile news app Yidian Zixun and subsidiary of Phoenix New Media (NYSE: FENG), has reportedly completed USD 100 mln in Series E funding at a USD 1.0 bln valuation, with a government-led fund among the investors. Read More
Q&A Site Zhihu Completes USD 100 Mln Series D
Sina Tech, 1/12/17
Beijing-based Zhizhe Tianxia Technology, operator of Q&A site Zhihu.com, has announced the completion of USD 100 mln Series D funding from Capital Today, and existing Zhihu shareholders including Tencent (0700.HK), Sohu's (Nasdaq: SOHU) online search subsidiary Sogou, SAIF Partners, Qiming Information Technology, and Innovation Works. Read More
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