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Rumor: iQiyi Completes Acquisition of Baidu Nuomi's Film Division
Sina Tech, 5/14/18
Chinese internet firm Baidu's (Nasdaq: BIDU) online video subsidiary iQiyi (Nasdaq: IQ) has reportedly completed its acquisition of Nuomi Pictures, the film division of Baidu's online and mobile group buying platform subsidiary Nuomi.com Technology, according to a source close to the matter. Read More
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
Car Maintenance App 'Happy Vehicle Nation' Secures RMB 300 Mln Series B
36Kr.com, 5/25/17
Shanghai-based Xiangtu Network Technology, developer of mobile car maintenance booking app Lechebang (literally "Happy Vehicle Nation"), has announced completion of RMB 300 mln in Series B funding led by Yuanyi Investment. Read More
Baidu Nuomi Forms RMB 2 Bln Film Content Investment Fund
Sohu IT, 6/16/16
Chinese internet company Baidu's (Nasdaq: BIDU) group buy site Nuomi.com has announced that it is setting up a RMB 2 bln film and television investment fund to finance high-quality movies, unearth new talent, increase its reach, and help it better compete for more resources. Read More
Rumor: Former Renren Games Employees to Sue over Stock Option Rights
Sina, 5/16/16
Former employees of Renren Games, the online and mobile game development and operations division of Chinese social networking site operator Renren Inc (NYSE: RENN), are reportedly preparing to sue Renren Games and Renren Inc over stock option rights that were allegedly cancelled during Renren's sale of the Renren Games division to a privatization consortium led by Renren Games CEO He Chuan, according to a senior-level source at Renren Games. Read More
Baidu Video to Be Spun Off, Secures RMB 1 Bln Funding
Tencent Tech, 4/20/16
Chinese internet company Baidu (Nasdaq: BIDU) recently announced that its online video platform Baidu Video will be spun off as an independent company and has secured nearly RMB 1 bln funding led by Shanghai-based New Culture Media Group (300336.SZ) with participation by SAIF Partners. Read More
Baidu to Establish Online Search Subsidiary
Baidu, 4/13/16
Chinese internet company Baidu (Nasdaq: BIDU) plans several changes to its business structure, including establishment of a subsidiary that will house its online search services, according to a release via the company's official account on Tencent's WeChat mobile messaging platform. Read More
Rumor: Baidu to Spin Off and IPO Music, Literature, iQiyi, Other Businesses
Cnstock, 1/28/16
Nine of Chinese internet company Baidu's (Nasdaq: BIDU) subsidiaries are preparing for IPOs in the domestic capital markets, according to Chinese news media reports. Read More
Mobile Restaurant Queuing App 'Delicious No Wait' Wins USD 100 Mln Series C
Iyiou, 10/28/15
Shanghai-based Pujing Information Technology, operator of mobile location-based restaurant queuing service app Meiwei Buyongdeng ("Delicious No Wait"), recently announced that it has completed USD 100 mln Series C funding from investors including Chinese online ratings and group buy site Dianping, Chinese internet company Baidu (Nasdaq: BIDU), and Matrix Partners China. Read More
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