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TCL Corporation to Take Handset Maker TCL Communication Private

TCL Corporation, 6/06/16

Chinese consumer electronics manufacturer TCL Corporation (000100.SZ) recently announced that it plans to privatize its handset manufacturer TCL Communication Technology (2618.HK) through TCL Corporation's wholly owned Hong Kong-based subsidiary TCL Industrial Holdings. Read More

TCL, Unigroup to Form RMB 10 Bln Strategic Industries Acquisition Fund

TCL Corporation, 2/22/16

Chinese consumer electronics manufacturer TCL Corporation (000100.SZ) recently announced a partnership with Chinese state-backed private equity firm Tsinghua Unigroup, whereby the two companies will each contribute industrial and financial resources to jointly establish a RMB 10 bln industry acquisition fund. Read More

Tsinghua Unigroup Invests USD 124 Mln in Online Lottery Site 500.com

500.com, 6/09/15

Chinese online lottery site operator 500.com (NYSE: WBAI) has announced that it has entered into a definitive purchase agreement with Tsinghua Unigroup International, a subsidiary of Tsinghua Unigroup, for the issuance and sale of newly issued ordinary shares of 500.com. Read More

Tencent Invests RMB 50 Mln in Internet TV Technology Provider Huan Tech

Sohu IT, 5/08/15

Chinese consumer electronics manufacturers Changhong (600839.SH) and TCL Corporation (000100.SZ) have both issued announcements that Guangzhou-based internet TV technology provider Huan Technology, in which each owns a minority stake, has secured RMB 100 mln in funding from internet and mobile services firm Tencent (0700.HK) and Tianjin Chengbo Investment Management. Read More

Real Estate Firm Join-In Acquires 51% Share of Handset Maker Wingtech

China Securities Journal, 4/16/15

Chinese real estate developer Join-In (600745.SH) recently announced a plan to acquire a 51% stake in Zhejiang-based handset maker Wingtech Communication for RMB 1.826 bln, to be paid through the issuance of 154 mln shares valued at RMB 11.86 per share. Read More

TCL Invests USD 100 Mln in Wanda's E-commerce JV

TCL Corporation, 1/06/15

Chinese consumer electronics manufacturer TCL Corporation (000100.SZ) has announced that is has signed a letter of intent to form a strategic partnership with Chinese real estate conglomerate Dalian Wanda Group, under which TCL will become a cornerstone investor in Wanda e-commerce venture, Wanda E-commerce, and a strategic supplier to Wanda's various commercial properties. Read More

Rumor: China Telecom to Release 4G Handsets in May

DoNews, 4/23/14

Sources close to the company have revealed that China Telecom (NYSE: CHA; 0728.HK) will release eight 4G smartphone models on May 1. Read More

TCL Multimedia to Release Gaming Products

Sina Tech, 1/26/14

Hao Yi, CEO of Chinese television manufacturer TCL Multimedia (1070.HK), has revealed that the company will soon enter the gaming industry, releasing a specialized smart gaming console as well as a gaming television product, the former of which is similar to Microsoft's Xbox. Read More

Snail Game Announces Mobile Internet Strategy

DoNews, 1/08/14

Suzhou-based online game developer Snail Electronic (Snail Game) has announced the company's new mobile internet strategy, including a self-branded handset, game download platform, and targeted mobile data package. 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