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Mobile E-sports Firm Hero Interactive Completes RMB 1.7 Bln Pre-IPO Funding
Cnstock.com, 9/29/17
Beijing-based mobile e-sports organizer and promoter Hero Interactive Technology (430127.NEEQ) recently completed RMB 1.7 bln in pre-IPO funding led by China State-owned Venture Capital with participation from Shaanxi Culture Industry Investment Group and Gopher Asset Management. Read More
UCAR to Raise RMB 2.4 Bln to Develop O2O Car Trading Platform Maimaiche
UCAR Inc., 6/05/17
Beijing-based high-end car hire service Shenzhou Private Car (UCAR) (838006.NEEQ) has announced plans to raise RMB 2.4 bln, mainly to finance the development of its subsidiary O2O car trading platform Shenzhou Maimaiche (Tianjin) Technology Development. Read More
Rumor: Lenovo App Store Acquires Wandoujia
DoNews, 2/06/15
Chang Cheng, a senior executive at online-only retailer ShenQi (also previously referred to as Fancy Maker), a subsidiary of Chinese consumer electronics manufacturer Lenovo (0992.HK), has revealed on his personal Weibo microblogging account that "there is no better investment than the acquisition of Mobile Android app store Wandoujia by the Lenovo App Store." Read More
Rumor Update: Tencent to Take 20% Stake in Jingdong, Inject 51Buy
Sohu IT, 2/20/14
According to an industry insider, Chinese internet and mobile services firm Tencent (0700.HK) will soon announce a partnership to take a stake in Beijing-based B2C e-commerce platform Jingdong. Read More
Rumor: Alibaba Acquires Handset Vendor
DoNews, 1/16/12
According to an industry source, Hangzhou-based e-commerce company Alibaba Group recently finalized its acquisition of Beijing-based handset maker Tianyu Communication Equipment (K-Touch). Read More
Rumor: Zhiwo Lands Eight-Figure USD Funding
TechWeb, 12/05/11
An industry source revealed today that Beijing-based cosmetics B2C Yinruo Tiancheng Technology Co., Ltd. (Zhiwo.com) has received a new round of funding from IDG scaled at tens of millions of USD. Read More
Former Qihoo Executive Joins Baidu Wireless
DoNews, 10/08/11
Du Yun, former director of strategic cooperation in Chinese online security software developer Qihoo 360's (NYSE: QIHU) mobile application department, confirmed in a recent interview with DoNews that she has joined internet company Baidu (Nasdaq: BIDU). Read More
Rumor: Google China Fined for Tax Violations
DoNews, 3/31/11
Chinese tax authorities have reportedly discovered illegal tax violations during routine audits of three Google China corporate entities. Read More
Rumor: Lashou Considering Overseas IPO
Sohu IT, 3/10/11
According to a source within the investment community, Chinese group buying site Lashou recently began reaching out to investment banks to explore its options for an overseas listing, which, if successful, is expected to lead to an IPO toward the end of this year. Read More
Rumor: Taobao Co-Founder Joins Shanda Online
Tencent Tech, 1/25/11
An industry source has revealed that Li Shunshun, one of the founders of Hangzhou-based C2C & B2C e-commerce site Taobao as well as the website's former director, recently joined Chinese online media provider and online game operator Shanda Interactive (Nasdaq: SNDA). Read More
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