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Market Cap of China's Listed Internet Firms Up 5.6% QoQ in Q4 2020
CAICT, 1/07/21
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
Rumor: Mobile Short Video App 'Miaopai' Completes USD 500 Mln Series E
IT Juzi, 11/19/16
Beijing-based mobile video software provider Xuan Yixia has reportedly secured more than USD 500 mln Series E funding from internet company Sina's (Nasdaq: SINA) microblogging subsidiary Weibo (Nasdaq: WB) and several large investment funds, reports Chinese media site IT Juzi. Read More
Qunar, Baofeng Cooperate on VR Travel Products
ChinaNews, 8/31/16
Chinese online travel services firm Qunar (Nasdaq: QUNR), the main shareholders of which are Internet firms Baidu (Nasdaq: BIDU) and Ctrip (Nasdaq: CTRP), and Internet video company Baofeng Group (300431.SZ) recently announced that they will jointly release several new virtual reality (VR) travel products for popular Chinese domestic tourism destinations. Read More
Baofeng Group to Establish Film and TV Drama Production Subsidiary
Baofeng Group, 7/17/16
Beijing-based media player software developer Baofeng Group (300431.SZ) recently announced that it has signed an agreement with affiliate Tianjin-based Baofeng Xinhui Business Management Partnership, Baofeng Group deputy general manager Lv Ning, and individual investor Wang Yuan to set up a film and TV drama production and distribution subsidiary. Read More
Weibo to Integrate Interactive Video Entertainment Service 'Yi Zhibo'
Hexun.com, 5/11/16
Beijing-based Fenxiang Yixia Technology, operator of mobile interactive video entertainment app Yi Zhibo, will integrate its service into Chinese microblogging platform Weibo (Nasdaq: WB), a subsidiary of Sina (Nasdaq: SINA), on May 13. Read More
Baofeng to Spend RMB 3 Bln to Acquire Three Entertainment Companies
Baofeng, 3/14/16
Beijing-based media player software developer Baofeng (300431.SZ) recently said that it will issue stock and pay cash to acquire two online gaming companies and one film studio. Read More
Sina Leads USD 200 Mln Investment in Mobile Short Video App 'Miaopai'
Sina Tech, 11/24/15
Beijing-based Xuan Yixia Technology, operator of short video app Miaopai, has announced the completion of a USD 200 mln fourth round of funding led by Chinese internet company Sina (Nasdaq: SINA), with participation from Sequoia Capital, Korean entertainment company YG Entertainment, and others. Read More
QVOD Fined RMB 260 Mln for Online Piracy
Sina Tech, 6/17/14
The Shenzhen division of China's State Administration of Press and Publication, Radio, Film and Television (SAPPRFT) has levied a fine of approximately RMB 260 mln against Shenzhen-based online media player developer and operator QVOD for multiple online piracy violations and a failure to rectify the company's practices. Read More
YY, 9158 Deny Government Mandated Site Clean-up Rumors
iFeng Tech, 5/27/14
YY Inc (Nasdaq: YY), operator of Chinese voice-chat SNS platform YY and online game portal Duowan, and Hangzhou-based Tiange Group, operator of online karaoke SNS 9158.com, have denied recent rumors that the companies' online interactive entertainment services are the recent targets of a government clean-up operation aimed at removing illicit content from the platforms. Read More
QVOD Value-added Telecom Service License Revoked
DoNews, 5/15/14
China's National Anti-Pornography and Anti-Piracy Office (NAPAPO) announced yesterday that the Shenzhen-based offices of online media player developer and operator QVOD are currently under investigation for propagating online pornographic content. Read More
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