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Alibaba Sports, the sport unit of Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK), has rebranded as Orange Lion Sports. Read More
As good fiscal stimulus and vaccine news in countries around the world boosted global stock markets in Q4 2020, total market cap of China's publicly traded Internet companies rose 5.6% QoQ to RMB 17.8 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Battered by the COVID-19 pandemic in Q1 2020, total market cap of China's publicly traded Internet companies dropped 4.2% QoQ to RMB 11.10 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Buoyed by a general rise in the global stock market in Q4 2019, total market cap of China's publicly traded Internet companies increased 18.3% QoQ to reach a record-high RMB 11.59 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
The market value of China's publicly traded Internet companies continued to fluctuate in Q3 2019 against the backdrop of ongoing Sino-US economic and trade frictions, reaching a total market cap of RMB 9.8 trln, up 0.5% QoQ, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
The CEO at Beijing-based Souche Holdings, which operates C2C used car trading platform Souche.com, recently sent an internal email revealing that the company has completed USD 578 mln in new funding led by Primavera Capital Group and Morningside Ventures with participation by Chinese internet conglomerate Alibaba (NYSE: BABA), Beijing-based Dreamfly Capital Management, Lingfeng Capital, Shenzhen-based Palading Equity Investment, ClearVue Partners, Russia-China Investment Fund, Sunshine Insurance Group, and CreditEase. Read More
Hackers are openly selling user data from online recruitment platform 51job.com (Nasdaq: JOBS) on the dark web with sample data containing email addresses, passwords, real name, ID number, and telephone number, reports Dongfang Press's The Paper. Read More
Lei Jun, founder of Chinese Android device maker Xiaomi, recently sent an internal companywide email stating that as user performance requirements for mobile phone cameras continue to increase, Xiaomi will set up an independent camera department within its handset business division, to help raise Xiaomi's handset camera quality to world-class levels. Read More
Shenzhen-based consumer drone maker DJI Technology has reportedly released the results of the first round of competitive bidding in its latest funding round, according to a source close to the matter. Read More
Shanghai-based Joyu Culture Communication, operator of tourist destination ticket sales website Lvmama, has completed RMB 1 bln in new funding from Zhongbang Industrial Financial Holdings, with the funds already deposited into Lvmama's accounts, according to an internal company-wide email sent by Lvmama chairman Hong Qinghua. Read More