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Online Long-term Apartment Rental Platform Danke Gongyu Wins USD 70 Mln Series B+

Sohu.com, 6/06/18

Beijing-based Zi Wutong Asset Management, operator of online and mobile long-term apartment rental platform Danke Gongyu (Eggshell Apartment), announced today the completion of USD 70 mln in Series B+ funding led by Tiger Global Management with full participation from Series B investors China Media Capital, Gaorong Capital (formerly Banyan Capital), Joy Capital, Youjin Capital, Vision Plus Capital, and Bertelsmann Asia Investments. Read More

Tencent Leads Pre-IPO Funding of News and Video Aggregation App 'Fun Headlines'

PE Daily, 3/15/18

Jifen Culture Communication, the Shanghai-based developer of mobile news and video aggregation app "Qutoutiao" (literally "Fun Headlines"), recently completed a pre-IPO funding round of over USD 100 mln led by Chinese internet conglomerate Tencent (0700.HK) at a valuation of between USD 1.3 and 1.5 bln. Read More

English-language Education App 'Speak Fluent English' Wins USD 100 Mln Series C

The Beijing News, 7/26/17

Shanghai-based Liulishuo Information Technology, operator of mobile spoken English learning app Yingyu Liulishuo (literally "Speak Fluent English"), announced today the completion of nearly USD 100 mln in Series C funding, jointly led by China Media Capital (CMC) and Wu Capital. Read More

Alibaba, BTV-1 Ally on TV Advertising

Ciwei Gongshe, 4/14/17

Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) and Beijing-based satellite TV operator BTV-1 recently announced a new strategic partnership program, under which the two parties will collaborate to add embedded marketing content to BTV-1's performance, variety show, and advertising programming during popular time slots. Read More

Food Ordering Platform Ele.me Completes USD 630 Mln Series F

Sohu Tech, 8/28/15

Shanghai-based Rajax Information Technology, operator of online food ordering platform Ele.me, has completed USD 630 mln Series F funding led by CITIC Private Equity Funds Management and Beijing Hualian Group Investment. Read More

Online Ad Tracking Firm Miaozhen Completes USD 50 Mln Series D Funding

Sohu IT, 5/11/15

Beijing-based online ad tracking system provider Miaozhen Systems has announced that the company has completed USD 50 mln Series D funding led by Primavera Capital Group. Read More

Tmall, SMG Partner on TV-to-Online Shopping

Linkshop.com.cn, 1/13/15

Chinese e-commerce conglomerate Alibaba Group's (NYSE: BABA) B2C site Tmall has partnered with Shanghai Media Group (SMG) subsidiary Dragon TV to offer a TV-to-Online (T2O) shopping service focused on Dragon TV's drama Heyi Shengxiao Mo, which will allow users to order clothes and other products featured in the program via Tmall. Read More

Alibaba to Invest in Merged BesTV+Oriental Pearl Media Firm

21st Century Business Herald, 9/25/14

According to an investor in Chinese media conglomerate Shanghai Media Group (SMG), e-commerce giant Alibaba Group (NYSE: BABA) will make an RMB 9-digit strategic investment in an unnamed publicly traded media company. Read More

Update: SMEG to Merge BesTV and Shanghai Oriental Pearl

21st Century Business Herald, 9/18/14

Chinese media company Shanghai Media & Entertainment Group (SMEG) has announced that the company will merge two of its subsidiary companies, TV service operator BesTV New Media (600637.SH) and media company Shanghai Oriental Pearl Group (600832.SH), as well as carry out a non-public share issuance for the newly merged company. Read More

Movie Ticketing Site Gewara Wins RMB 200 mln Funding

China Business News, 7/01/14

Shanghai Gewara, operator of online movie-ticketing service Gewara.com, has announced that the company has raised RMB 200 mln in series C+ funding from China Media Capital, adding to the USD 20 mln in series C funding landed by the company in late 2013. Read More