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Tencent Trims Stake in Shopee-owner Sea to 18.7%
Reuters, 1/05/22
Chinese gaming and social media company Tencent Holdings (0700.HK) has raised USD 3 bln by selling 14.5 mln shares at USD 208 each in Sea Limited, which owns e-commerce firm Shopee, according to a term sheet seen by Reuters today. Read More
Baidu Posts Q1 2019 Net Loss of RMB 327 Mln
Baidu, 5/16/19
Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More
Inspur, IBM to Form Server Production and Sales JV
Inspur Electronic Information, 9/11/17
Computer and communications hardware and software manufacturer Inspur Electronic Information Industry (000977.SZ) recently announced that it has signed an agreement with US technology firm IBM's China branch to form a joint venture covering the manufacture and sale of servers. Read More
Leshi Internet Shareholder Disposes of RMB 640 Mln in Shares
China Securities Journal, 3/02/17
The Shenzhen Qianhao Free Trade Zone securities sales department of CITIC Securities (600030.SH) has facilitated the sale of 19.095 mln shares in Leshi Internet Information and Technology (300104.SZ) on behalf of one of the Chinese online video content and smart device firm's shareholders, revealed the Shenzhen Stock Exchange. Read More
Rumor: C2C Used-car Trading Platform Guazi Wins USD 200 Mln Series A
Tencent Tech, 1/31/16
Beijing-based Chehaoduo Used Motor Vehicle Broking, operator of online and mobile C2C used-car trading platform Guazi.com, has reportedly completed more than USD 200 mln Series A funding, according to an investor speaking with online media outlet Tencent Tech. Read More
Rumor: Qihoo 360 to Acquire MediaV
Tencent Tech, 5/14/14
According to an industry source, Chinese internet company Qihoo 360 (NYSE: QIHU) plans to acquire Shanghai-based online advertising company MediaV Advertising in a move to strengthen Qihoo 360's online ad operations. Read More
Jingdong to Divest from eHaoYao
TechWeb, 5/28/13
An industry source reported on May 27 that proceedings were underway to dissolve Beijing-based B2C e-commerce platform Jingdong's stake in pharmaceutical JV eHaoYao. Read More
Sunshine Media CEO Returns, Buys Back Stake from Shanda
Tencent Tech, 3/29/12
Xu Leilei, CEO of Sunshine Media, the content licensing and distribution subsidiary of Chinese internet company Shanda Interactive, confirmed today that she had returned to serve as CEO of the company last October following her April 2011 departure. Read More
Shenzhen Exchange Suspends Hanvon
TechWeb, 1/16/12
The Shenzhen Stock Exchange issued a notice today that trading would be suspended on the stock of Chinese e-reader and handwriting input peripherals manufacturer Hanvon (002362.SZ) from January 16 onwards. Read More
Coship to Transfer 3G Technology to Sowill
Dfdaily.com, 12/15/11
In a public filing yesterday, Chinese developer and manufacturer of satellite receivers and cable and terrestrial set-top boxes (STBs) Coship Electronics (002052.SZ) said that it planned to sign a technology transfer agreement with the Sowill Group under which it will transfer key technologies in its TD-SCDMA, WCDMA, and tablet technology solutions, as well as intelligent remote control solutions and Bluetooth module technology solutions, to Sowill for RMB 35 mln. Read More
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