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Shanghai-based Yueyi Information Technology, operator of electronic products recycling platform Aihuishou.com (literally "Love to Recycle"), has announced the completion of RMB 400 mln Series D funding in a round jointly led by Cathay Capital and Shenzhen Fortune Venture Capital, and with participation by a number of existing and new stakeholders, including Tiantu Capital, e-tailer JD.com (Nasdaq: JD), Morningside Ventures, Greenwoods Asset Management, and Shenzhen Qianhai Fund of Funds. Read More
China's Ministry of Industry and Information Technology (MIIT) today granted official approval to the first group of mobile virtual network operators (MVNO), allowing them to conduct network trials. Read More
China Telecom (NYSE: CHA; 0728.HK) has submitted an initial list of 16 mobile virtual network operator (MVNO) partners to China's Ministry of Industry and Information Technology (MIIT) for approval. Read More
China Unicom (NYSE: CHU; 0762.HK; 600050.SH) and Chinese mobile phone distributor Funtalk (Nasdaq: FTLK) announced today that they had signed a strategic partnership agreement under which Funtalk will open Unicom service counters and product display areas at its 800 stores nationwide. Read More
Senior management at Chinese mobile phone distributor Funtalk (Nasdaq: FTLK) has revealed that beginning December 1, Samsung will begin directly distributing handsets to retailers. Read More
Chinese mobile phone distributor Funtalk (Nasdaq: FTLK) has announced its unaudited financial results for the fourth quarter and fiscal year ended March 31, 2010, with net revenue for Q4 FY2010 reaching USD 287.8 mln, up 46.2% YoY. Read More