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GigaCloud Responds to Grizzly's Short-Seller Report
GigaCloud, 5/23/24
GigaCloud Technology (Nasdaq: GCT), a Chinese provider of global end-to-end B2B technology solutions for large parcel merchandise, today issued the following statement in response to the claims made in a report by Grizzly Research LLC, a short-seller, issued on May 22, 2024. Read More
Pinduoduo Appoints New VP Finance
Pinduoduo, 12/30/21
Chinese group-buy e-commerce platform operator Pinduoduo (Nasdaq: PDD) revealed in a new SEC filing today that Ms. LIU Jun will succeed MA Jing ("Tony Ma") as Pinduoduo's Vice President of Finance, effective January 1, 2022. Read More
Tencent Completes Acquisition of Search Engine Operator Sogou
Sogou, 9/23/21
Chinese online search engine operator Sogou (NYSE: SOGO) today announced the completion of its acquisition and privatization by internet conglomerate Tencent (0700.HK). Read More
Wanda Sports Group Completes Initial Tender Offer and Delisting
Wanda Sports Group, 2/01/21
Wanda Sports Group ("the Company"), a China-based global sports events, media and marketing platform, today announced the completion of the initial tender offer (the "Offer"), launched by Wanda Sports & Media (Hong Kong) Holding Co. Limited on December 23, 2020, to acquire all of the issued and outstanding class A ordinary shares of the Company, with no par value (the "Class A Ordinary Shares"), including all Class A Ordinary Shares represented by American depositary shares of the Company ("ADSs"). Read More
58.com Announces Completion of "Going-Private" Merger
58.com, 9/18/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced the completion of the merger (the "Merger") with Quantum Bloom Company Ltd ("Merger Sub"), a wholly-owned subsidiary of Quantum Bloom Group Ltd ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of June 15, 2020 (the "Merger Agreement"), among the Company, Parent and Merger Sub. Read More
Chinese Semiconductor Foundry SMIC to Delist from NYSE
SMIC, 5/24/19
Chinese semiconductor foundry Semiconductor Manufacturing International Corporation (SMIC) (NYSE: SMI, 0981.HK) today announced that the company has notified the New York Stock Exchange ("NYSE") on May 24, 2019 (Eastern Time in the U.S.) that it will apply for the voluntary delisting of its American depositary shares ("ADSs") from the NYSE and the deregistration of such ADSs and underlying ordinary shares under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). Read More
Microblogging Platform Weibo to Invest USD 142 Mln in Didi Kuaidi
Weibo, 5/26/15
Chinese microblogging platform operator Weibo Corporation (Nasdaq: WB) has revealed in a US Securities and Exchange Commission (SEC) filing that it has agreed to invest USD 142 mln in mobile taxi booking apps Didi Dache ("Didi Taxi") and Kuaidi Dache ("Kuadi Taxi") in their latest round of equity financing. Read More
Chukong Technology to Delay Nasdaq IPO
China News, 5/22/14
Chen Haozhi, CEO of Beijing-based mobile game developer and operator Chukong Technology, revealed in an internal email yesterday that the company has decided to postpone its initial public offering due to a low valuation given to the company by the US capital market. Read More
iQiyi Spends RMB 200 Mln on Online Broadcast Rights
Tencent Tech, 11/07/13
Chinese internet firm Baidu's (Nasdaq: BIDU) online video subsidiary iQiyi has obtained the exclusive online broadcast rights for the 2014 seasons of five television shows, including Dad, Where Are We Going?, Kangxi Lai Le, Happy Camp, Day Day Up, and Your Face Sounds Familiar. iQiyi paid more than RMB 200 mln for the broadcasting rights, according to an industry source. Read More
Rumor: 58.com to Submit IPO Prospectus to SEC Tomorrow
Netease Tech, 9/27/13
According to an industry insider, Chinese online classifieds site 58.com will submit an IPO prospectus to the US Securities and Exchange Commission (SEC) tomorrow morning. Read More
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