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Chinese B2C e-commerce platform JD.com (Nasdaq: JD) recorded total transaction volume of RMB 204.4 bln across the 11-day (November 1-11) Singles Day sales event, up 27.9% YoY, reports the company on its website today. Read More
Beijing-based Missfresh E-Commerce, operator of fresh food ordering app Missfresh, recently announced completion of USD 450 mln in new funding led by Goldman Sachs Investment Partners, Chinese internet conglomerate Tencent (0700.HK), Jeneration Capital, and Davis Selected Advisers with participation by Poly (Hengqin) Capital Management, Glade Brook Capital, and China Renaissance New Economy Fund, as well as prior-round investors Tiger Global and Sofina. Read More
Chinese internet conglomerate Alibaba Group's (NYSE: BABA) cloud computing and data management platform developer unit Alibaba Cloud Computing (AliCloud) recently announced that it will publicly offer IPv6 services in partnership with China's big three telecom companies. Read More
Chinese internet and mobile services firm Tencent (0700.HK) recently announced the launch of an artificial intelligence (AI) voice assistant, "Tencent Dingdang," with capabilities similar to e-commerce giant Amazon's AI assistant Alexa. Read More
The Beijing Guoan soccer club has announced an end to its partnership with Chinese online video and internet TV content provider Leshi Internet Information and Technology (300104.SZ). Read More
CITIC Guoan Information Industry (000839.SZ), a subsidiary of CITIC Guoan Group, recently announced that it will invest USD 20 mln in cash through its Shanghai-based subsidiary Muyun Information Technology Investment to subscribe for 3,947,031 Class B Preferred shares of US-based virtual reality live streaming company NextVR, which will give CITIC a 2.27% stake. Read More
Taobao Movie, the online and mobile movie ticketing platform operated by a subsidiary of Chinese film and TV entertainment company Alibaba Pictures Group (1060.HK), has announced a partnership with online ticketing site Damai.cn and Chinese e-commerce conglomerate Alibaba Group's (NYSE: BABA) sports subsidiary Ali Sports to expand the scope of its ticketing services. Read More
Shanghai Media Group subsidiary BesTV New Media (600637.SH) has announced that it has obtained the mainland China new media broadcasting rights for seasons 2013/2014 through 2018/2019 of the English Premier League football (soccer) league. Read More
Chinese B2C e-commerce site Dangdang (NYSE: DANG) today launched on online lottery service. Read More
Wang Jianquan, director for IPTV rights protection at CCTV's national online TV station CNTV, revealed recently that CNTV has filed a suit in the Guangzhou Intermediate People's Court, alleging that BesTV New Media (600637.SH) and Guangzhou Telecom's local IPTV service infringed on its information network broadcasting rights to CCTV programs. Read More