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Market Cap of China's Listed Internet Firms Up 5.6% QoQ in Q4 2020
CAICT, 1/07/21
As good fiscal stimulus and vaccine news in countries around the world boosted global stock markets in Q4 2020, total market cap of China's publicly traded Internet companies rose 5.6% QoQ to RMB 17.8 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Market Cap of China's Listed Internet Firms Down 4.2% QoQ in Q1 2020
CAICT, 4/30/20
Battered by the COVID-19 pandemic in Q1 2020, total market cap of China's publicly traded Internet companies dropped 4.2% QoQ to RMB 11.10 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Market Cap of China's Listed Internet Firms Up 18.3% QoQ in Q4 2019
CAICT, 1/14/20
Buoyed by a general rise in the global stock market in Q4 2019, total market cap of China's publicly traded Internet companies increased 18.3% QoQ to reach a record-high RMB 11.59 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Market Cap of China's Listed Internet Firms Up 0.5% QoQ in Q3 2019
CAICT, 10/15/19
The market value of China's publicly traded Internet companies continued to fluctuate in Q3 2019 against the backdrop of ongoing Sino-US economic and trade frictions, reaching a total market cap of RMB 9.8 trln, up 0.5% QoQ, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Alibaba Acquires Import E-Commerce Platform Kaola from NetEase
NetEase, 9/05/19
Chinese internet conglomerates NetEase, Inc. (Nasdaq: NTES) and Alibaba Group (NYSE: BABA) today announced Alibaba's acquisition of NetEase's import e-commerce platform Kaola for approximately USD 2 bln. Read More
NetEase to Launch Cross-border E-commerce Collections Platform
Tech.163.com, 9/21/18
Chinese internet company NetEase's (Nasdaq: NTES) subsidiary third-party payment platform "epay.163.com" will soon launch a cross-border collections business. Read More
Karaoke Solutions Provider Thunderstone Completes RMB 200 Mln Series B
36Kr.com, 8/16/18
Beijing-based Bohui Tiandi Technology, operator of karaoke system software brand Thunderstone Technology, has announced the completion of nearly RMB 200 mln in Series B funding led by China Minsheng Investment Group, with participation by the company's founder, Morningside Ventures and Beijing Yuemi Technology. Read More
Baidu Loses Founder of Raven Studio AI Hardware Unit
36Kr.com, 7/07/18
Lv Cheng (Jesse Lv), head of Chinese internet conglomerate Baidu's (Nasdaq: BIDU) Raven Studio Workshop, a smart hardware business division under its Smart Living Group, resigned from Baidu in June. 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
Chinese Authorities Order Android App Stores to Suspend Downloads of Top News Apps
Beijing Daily, 4/09/18
Chinese authorities have ordered domestic app stores to suspend download services for four news apps - Today's Headlines (Bytedance), Phoenix News (Phoenix New Media), NetEase News, and Tiantian Kuaibao (Tencent) - by 3pm today, according to feedback from several app store vendors. Read More
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