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Tencent Trims Stake in Shopee-owner Sea to 18.7%
Reuters, 1/05/22
Chinese gaming and social media company Tencent Holdings (0700.HK) has raised USD 3 bln by selling 14.5 mln shares at USD 208 each in Sea Limited, which owns e-commerce firm Shopee, according to a term sheet seen by Reuters today. Read More
JD Health Establishes Its First Diabetes Center in Guangdong with Clifford Hospital
JD.com, 7/27/20
On July 24, Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK)'s healthcare subsidiary JD Health and Guangdong Clifford Hospital held the unveiling ceremony of their "Diabetes Intelligent Care Center" collaborative project in Guangzhou, Guangdong province. Read More
China's Three Main Telcos Add 6 Mln Mobile Subs in February 2019
Marbridge Consulting, 3/20/19
The listed arms of China's three main telecom operators have announced their subscriber totals for the month of February 2019, including a combined net addition of 6.01 mln mobile subscribers in China to reach a combined mobile subscriber base of over 1.558 bln. Read More
Baidu, FAW to Jointly Launch L4 Autonomous Passenger Car by End of 2019
Baidu, 11/01/18
Robin Li, CEO of Baidu (Nasdaq: BIDU), announced today at the annual Baidu World event in Beijing that the Chinese internet giant plans for volume production of China’s first Level 4 (L4) Hongqi autonomous driving passenger vehicle in collaboration with Chinese automaker FAW Group, collaboration with Chinese-owned Swedish car manufacturer Volvo to jointly develop electric cars with full autonomous capabilities for the China market, and plans for autonomous driving taxis. Read More
Tencent to Kick Off OB of 'MapleStory 2' on July 12
Tencent Games, 6/28/18
Chinese online game developer and operator Tencent (0700.HK) has announced that it will kick off open beta testing of its free-to-play licensed 3D client-based combat MMORPG MapleStory 2 on July 12. Read More
Tencent Pictures Forms Film Distribution Subsidiary
Tencent Tech, 4/23/18
Chinese internet conglomerate Tencent's (0700.HK) Shanghai-based film studio Tencent Film Culture Communication (Tencent Pictures) recently announced the formation of a wholly owned subsidiary film distribution company, dubbed Tencent Pictures Distribution, in a presentation at the UP2018 Tencent New Culture and Innovation Eco Congress. Read More
China to Launch CDR Soon to Enable Overseas-listed Chinese Firms to Return to A-Shares
Shanghai Securities News, 3/16/18
Early stage preparations for the launch of China depository receipts (CDR) are currently underway. Read More
Giant, Yunfeng to Join Series C Investment in Housing Rental Platform Mogo Room
Giant Network Group, 12/30/17
PC and mobile online game developer and operator Giant Network Group (002558.SZ) and its wholly owned subsidiary Giant Investment (HK) will participate in Series C+ funding for Bennet Holding, operator of housing rental platform Mogo Room. Read More
Weibo Leads Funding of Independent Media Documentary Maker Zuoyou Video
Pencil News, 12/13/17
Beijing-based Zuoyou Travel Network Technology, operator of independent media documentary producer Zuoyou Video, completed RMB 20 mln in strategic funding on December 13, revealed founder Liu Weiyang to Chinese startup news site Pencil News. Read More
Self-service Snack Shelf Operator Lingwa Secures RMB 8-digit Series A
36Kr.com, 8/22/17
Hangzhou-based Lingdaiwa Network Technology, operator of office-focused self-service snack shelf brand Lingwa, recently received RMB 8-digit Series A funding from Long Hill Capital. Read More
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