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CITIC Guoan Information Industry (000839.SZ), a subsidiary of CITIC Guoan Group, recently announced that it will invest USD 20 mln in cash through its Shanghai-based subsidiary Muyun Information Technology Investment to subscribe for 3,947,031 Class B Preferred shares of US-based virtual reality live streaming company NextVR, which will give CITIC a 2.27% stake. Read More
Beijing-based social media marketing solutions provider Kongming has confirmed the receipt of a USD 8-digit new round of funding from a consortium of investors led by Fosun International's (0656.HK) Modern Property Capital Limited, with participation from previous investor Fidelity Growth Partners Asia. Read More
Shanghai Media Group subsidiary BesTV New Media (600637.SH) has announced that it has obtained the mainland China new media broadcasting rights for seasons 2013/2014 through 2018/2019 of the English Premier League football (soccer) league. Read More
During its November 19 Baidu Mobile open day for the press, Chinese internet company Baidu (Nasdaq: BIDU) announced that it will make across the board updates to its mobile search clients. Read More
Chinese internet company Sina's (Nasdaq: SINA) Weibo microblogging platform has quietly integrated web search, now providing website search links alongside relevant user, post, and group search results for a given search query. Read More
Chinese online video site LeTV (Leshi) (300104.SZ) has formed a strategic partnership with Infront Sports & Media China, official marketing partner of the Chinese Basketball Association (CBA), to jointly operate the CBA's IPTV copyright licensing for the next three years. Read More
Following the announcement of Chinese internet company Sina's (Nasdaq: SINA) partnership with the NBA, the WAP-based "Fantasy NBA" mobile game began open beta testing on October 25 and will launch in late November. Read More
Chinese internet company Sina (Nasdaq: SINA) has disclosed details of its partnership with the NBA, revealing that Sina will have online broadcasting, VOD and marketing rights for three NBA seasons over the next four years. Read More
Industry sources have revealed to Marbridge that Facebook's rumored China entry plans may have been spawned from misinterpretation by Chinese media of a recent job posting from an unrelated social game developer. Read More
Former NBA China Digital Media Director Andy Lee has left the company to join social game developer Watercooler, where he will serve as Managing Director of Asia and lead the establishment of Watercooler's new international offices in Beijing. Read More