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Searching for "government support"
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Mobile E-sports Firm Hero Interactive Completes RMB 1.7 Bln Pre-IPO Funding
Cnstock.com, 9/29/17
Beijing-based mobile e-sports organizer and promoter Hero Interactive Technology (430127.NEEQ) recently completed RMB 1.7 bln in pre-IPO funding led by China State-owned Venture Capital with participation from Shaanxi Culture Industry Investment Group and Gopher Asset Management. Read More
Rumor: Online Radio Platform Qingting FM Wins RMB 1 Bln Series E Funding
Sansheng, 9/22/17
Shanghai-based Microphone Culture Media, operator of online and mobile radio platform Qingting FM, has reportedly completed more than RMB 1 bln in new funding, according to online news media outlet Sansheng. Read More
Baidu to Lead Construction of National Deep Learning Technology Lab
Baidu, 2/20/17
Baidu (Nasdaq: BIDU) has announced that China's National Development and Reform Commission (NDRC) has approved plans for the Beijing-based internet giant to lead the construction of a National Engineering Laboratory for Deep Learning Technology. Read More
Leshi Cloud Secures RMB 1 Bln Series A Funding
DoNews, 3/03/16
Data processing and software development firm Leshi Cloud Computing, a subsidiary of Chinese online video and internet TV content provider Leshi Internet Information and Technology (LeTV) (300104.SZ), today announced completion of RMB 1 bln Series A funding led by state-owned Chongqing Industrial Investment Fund. Read More
Alibaba, NDRC Ally on Rural E-commerce
I.wshang.com, 2/17/16
China's National Development and Reform Commission (NDRC) and Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) signed a strategic partnership agreement today, under which they will cooperate over the next three years to work with returning entrepreneurs in more than 300 pilot counties and towns to develop rural e-commerce. Read More
China to Invest RMB 120 Bln in IC Industry Development Fund
Tencent Finance, 4/25/14
China will invest RMB 120 bln to support the development of the country's semiconductor industry, with a specially designated fund to be established in the near term future, according to China Securities Journal. As described by an industry veteran, a lack of funding is the primary bottleneck restricting development of the integrated circuit (IC) industry in China. Read More
China Lowers VAT on Domestically Developed Animation Software
Sina Tech, 1/02/14
China's Ministry of Finance (MoF) and State Administration of Taxation announced on December 31 that the 17% value added tax (VAT) levied on sales of domestically developed animation production software in China has been removed, effective retroactively from January 1, 2013 to December 31, 2017. Read More
SAPPRFT to Promote China's Documentary Industry
Sarft.net, 12/10/13
Gao Changli, head of the Publicity Bureau for China's State Administration of Press and Publication, Radio, Film and Television (SAPPRFT), has disclosed that SAPPRFT will soon announce a series of initiatives to promote the development of China's documentary filmmaking industry. Read More
MIIT: Energy Efficient Notebooks to Receive Government Support
Sina Tech, 5/22/13
At a 2013 summit promoting low-carbon economic development in China's ICT industry held recently in Xi'an, Su Bo, deputy minister of China's Ministry of Industry and Information Technology (MIIT), stated that the government has decided to extend its support of energy-efficient products to include items such as notebook computers, copy machines, and printers. Read More
CDB, Housing Ministry to Invest RMB 80 Bln in Smart Cities
China Business Times, 2/05/13
A spokesperson at China Development Bank stated recently that the bank will make a joint investment with the Ministry of Housing and Urban-Rural Development (MOHURD) in the amount of RMB 80 bln for "Smart City" development. Read More
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