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Beijing-based Yonghong Shangzhi Technology, a business intelligence software and big data analysis solutions provider, has announced its completion of RMB 200 mln Series C funding led by Chinese internet and mobile services firm Tencent (0700.HK), with participation from Genesis Capital, Oriental Fortune Capital, Matrix Partners and iResearch. Read More
According to an inside source, the People's Bank of China (PBoC) has authorized the trial use of its mobile trusted platform service (MTPS), approved at the end of 2013, offering mobile payment service integration to telecom operators from seven trusted service managers (TSM) including China Construction Bank, China CITIC Bank, China Everbright Bank, China UnionPay, and China Mobile (NYSE: CHL; 0941.HK). Read More
Chinese internet firm Baidu's (Nasdaq: BIDU) online video subsidiary iQiyi and Shanghai-based online and TV video marketing and consultation service provider Vision Star Communication have entered into a strategic partnership that will see the two companies working together in mobile video content research, mobile video user analysis, resource sharing, and identification of potential customers. Read More
In an open letter to its partners and users, Chinese mobile browser developer UC Mobile has alleged that rival Tencent (0700.HK) has engaged in unfair competition and falsely claimed that QQ Browser is ranked first in China's mobile browser market in an attempt to poach UC Mobile partners. Read More
Chinese online security software developer Qihoo 360 (NYSE: QIHU) today reported its unaudited financial results for the second quarter ended June 30, 2011. Read More
Chinese online search giant Baidu (Nasdaq: BIDU) and travel search engine Qunar jointly announced today a definitive agreement under which Baidu will make a strategic investment of USD 306 mln in Qunar. Read More
Chinese online video site operator Tudou Holdings Limited has filed an amended IPO with the US Securities and Exchange Commission (SEC) to list American Depositary Shares on the Nasdaq Global Market under the ticker symbol "TUDO." Read More
Chinese online P2P video service provider, download accelerator software developer, and online game operator Xunlei Limited has filed an IPO prospectus with the U.S. Securities and Exchange Commission to list on the Nasdaq Global Market under the ticker symbol "XNET." Read More
Shanghai-based children's virtual world developer and operator Taomee Holdings Limited has filed its IPO prospectus with the U.S. Securities and Exchange Commission (SEC) to list on the New York Stock Exchange under the ticker symbol TAOM. Read More
Chinese online security software developer Qihoo 360 has filed its IPO prospectus to list on the New York Stock Exchange with the US Securities and Exchange Commission, with UBS, Citigroup, and Stifel Nicolaus Weisel as lead underwriters. Read More