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Sina Enters into Definitive Agreement for "Going Private" Transaction
Sina, 9/28/20
Chinese online media company Sina (Nasdaq: SINA) today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with New Wave Holdings Limited ("Parent") and New Wave Mergersub Limited, a wholly owned subsidiary of Parent, pursuant to which Parent will acquire all of the Company's outstanding ordinary shares (each, an "Ordinary Share") not currently owned by Parent and its affiliates in an all-cash transaction (the "Merger") implying an equity value of the Company of approximately USD 2.59 billion for all the Ordinary Shares. Read More
China's H2 2018 Internet User Base Reaches 829 Mln
CNNIC, 2/28/19
China's internet user base reached 829 mln in H2 2018, up nearly 27 mln from the end of H1 2018, among which the mobile internet user base was approximately 817 mln, up over 29 mln from the end of H1 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H2 2018 State of the Chinese Internet Report. Read More
Update: HNA Group Terminates Planned Acquisition of E-commerce Firm Dangdang
HNA Technology, 9/20/18
HNA Technology Group, a subsidiary of HNA Group, announced today that it has decided to abandon its effort to acquire B2C e-commerce firm Dangdang Kewen E-commerce and its affiliate Dangdang Network Information Technology. Read More
Messaging App 'Bullet Messaging' Exceeds 7 Mln Users, Plans RMB 1 Bln User-acquisition Push
All Weather TMT, 9/07/18
Luo Yonghao, CEO at Beijing-based mobile OS developer Chuizi Technology and an early investor in Beijing-based Kuairu Technology, operator of mobile instant messaging app Zidan Duanxin (Bullet Messaging), recently published a message on microblogging platform Weibo, stating that Bullet Messaging now has more than 7 mln active users, but that user growth is beginning to cool. Read More
Fresh Food M-commerce App Missfresh Wins USD 450 Mln Funding
Tencent Tech, 9/06/18
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
Smartisan's Messaging App 'Bullet Messaging' Wins RMB 150 Mln Series A
Tencent Tech, 8/28/18
Beijing-based smartphone developer Chuizi Technology (Smartisan)'s messaging app, Zidan Duanxin (literally "Bullet Messaging"), operated by Kuairu Technology, has completed RMB 150 mln in first round funding within seven days of its launch, according to Smartisan CEO Luo Yonghao on his Weibo microblogging account. Read More
Regulators Crack Down on Short Video Operators Bilibili, Miaopai
TechWeb, 7/27/18
Chinese regulators have conducted a cleanup operation targeting China's online short video industry, including bullet-screen video platform operator Bilibili Inc. (Nasdaq: BILI), Weibo's (Nasdaq: WB) official mobile short video recording and sharing app Miaopai, and 17 other online short video platforms. Read More
Suning Yigou App Launches Short Video Content E-commerce Platform
P5w.net, 7/27/18
Hou Enlong, president at Chinese consumer electronics and home appliance retailer Suning.com (002024.SZ), recently announced that the company is launching a new short video content e-commerce platform called Touhao Maijia. Read More
JD.com to Develop Delivery Drone with 40-60 Ton Payload Capacity
TechWeb, 6/19/18
Richard Liu, CEO at Chinese B2C e-commerce platform JD.com (Nasdaq: JD), recently published a message to microblogging platform Weibo stating that the company has produced its first heavy-duty delivery drone. Read More
Alibaba Denies Rumor of Planned Investment in Today's Headlines
iFeng Tech, 4/27/18
Tiger Wang (Wang Shuai), Chairman of Chinese e-commerce conglomerate Alibaba Group's (NYSE: BABA) Marketing and Public Relations Committee, has issued an emphatic denial of yesterday's rumor that Alibaba was preparing to make a USD 10-digit investment in Beijing-based Bytedance Technology, operator of online and mobile news portal platform Today's Headlines. Read More
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