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Professional SNS App Maimai Completes USD 200 Mln Series D
36Kr.com, 8/21/18
Professional SNS app Maimai, operated by Beijing-based Taoyou Tianxia Technology Development, has completed USD 200 mln in Series D funding led by DST Global and with participation from previous investors IDG Capital Partners, Morningside Ventures, and DCM Ventures. Read More
Hero Interactive's Sports Subsidiary Secures RMB 640 Mln in Funding
Focus Media, 7/29/16
Chinese sports and e-sports event organizer Hero Sports Management, a subsidiary of Hero Interactive Technology (430127.NEEQ), has completed a RMB 640 mln funding round from Chinese digital media group Focus Media Holding (002027.SZ), DMG Cultural Industrial Fund and Yongtong Fund, among others. Read More
Hunan TV & Broadcast to Acquire Mobile Ad Firm EWing
Hunan TV & Broadcast Intermediary, 8/27/14
Provincial cable TV operator Hunan TV & Broadcast Intermediary (000917.SZ) has announced plans to acquire a 51% stake in mobile advertising firm EWing Information Technology for RMB 167.4 mln in an effort to expand the company's mobile internet new media business. Read More
Focus Media Sells Allyes to Sliver Lake
Focus Media PR, 8/02/10
Chinese digital media group Focus Media (Nasdaq: FMCN) today announced that it has entered into a definitive share purchase agreement with global IT private investment firm Silver Lake to sell its 62% indirect equity ownership in online advertising subsidiary, Allyes Online Media Holdings Ltd. Under the terms of the agreement, Silver Lake will pay USD 124 mln to Focus Media, in exchange for the equity ownership of Allyes held by Focus Media. Read More
Rumor: 2 More TV Operators Approved for Internet TV
Securities Daily, 3/31/10
Chinese media provider Shanghai Media Group (SMG) and Hangzhou-based DTV and IPTV network operator Wasu Digital Television Media Group have reportedly applied and been approved for Internet TV licenses by the State Administration of Radio, Film and Television (SARFT), and will receive their licenses in the near future. Read More
Guangdong Details TV Network Consolidation Plan
21st Century Business Herald, 3/08/10
The provincial-level cable television network company to be formed by the early-March restructuring of Guangdong province's local cable networks will be officially established by June, and will complete all restructuring by the end of the year. Read More
VisionChina Q4 2009 Profit Down 62% YoY
VisionChina PR, 3/02/10
Chinese mass-transit digital advertising operator VisionChina Media (Nasdaq: VISN) has issued its earnings report for the fourth quarter and full year 2009. Read More
Rumor: Allyes IPO Delayed by Poor Performance and Staffing
Sohu IT, 12/09/09
According to sources in the investment sector, Chinese digital media group Focus Media's (Nasdaq: FMCN) plans to spin-off and list its online advertising subsidiary, Allyes AdNetwork, on a domestic exchange have been delayed due to a recent exodus by senior management and sagging performance. Read More
VisionChina Media to Acquire Digital Media Group for USD 160 Mln
PR Newswire Asia, 10/15/09
Shenzhen-based mass-transit digital advertising operator VisionChina Media (Nasdaq: VISN) has announced an agreement to acquire Digital Media Group (DMG), another public transport digital media network operator, giving VisionChina the largest in-vehicle display network in the country. Read More
Sina CEO Reveals Three Options for Sina-Focus Merger
ChinaByte, 9/01/09
CEO Charles Chao of Chinese online media company Sina (Nasdaq: SINA) has said that the company's planned merger with Chinese digital media group Focus Media (Nasdaq: FMCN) is unlikely to be approved by the Ministry of Commerce before the end of the month. Read More
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