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Chinese internet conglomerate Alibaba Group (NYSE: BABA) announced today that "The Longest Day in Chang'an," a period detective series first released on Alibaba's online video platform Youku, is premiering outside of China this month via streaming partners such as YouTube, Amazon Prime and Rakuten Viki. Read More
Shanghai-based Xiangtu Network Technology, developer of mobile car maintenance booking app Lechebang (literally "Happy Vehicle Nation"), has announced completion of RMB 300 mln in Series B funding led by Yuanyi Investment. Read More
The China Banking Regulatory Commission (CBRC) has granted approval to Jilin-based private bank Yilian Bank, of which Meituan-Dianping, the company formed by the merger of group buy site Meituan.com and online ratings site Dianping.com, is the parent company. Read More
Online movie information portal Mtime.com has updated both its mobile apps, Mtime and Mtime Pro, with the former integrating a film-related live broadcasting feature and the latter improving upon its existing features. Read More
Chinese arts and music SNS Douban has announced the formation of a film production subsidiary called Feichuan Pictures. Read More
Meituan-Dianping, the company formed by the merger of Chinese group buy site Meituan.com and online ratings and group buy site Dianping, recently announced that it had completed its acquisition of Qiandai (Beijing) Information Technology, operator of internet payment solution QiandaiPay. Read More
Meituan-Dianping, the company formed by the merger of Chinese group buy site Meituan and online ratings and group buy site Dianping, reportedly issued a prospectus for a pre-IPO funding round expected to be in the region of RMB 200 mln, with a minimum investment of RMB 3 mln, according to a business prospectus obtained by Chinese media outlets. Read More
Online users recently observed that Meituan-Dianping, the company formed by the merger of Chinese group buy site Meituan and online ratings and group buy site Dianping, has taken down its O2O at-home service offerings. Read More
Meituan-Dianping, the new company formed by the merger of Chinese group buy site Meituan and online ratings and group buy site Dianping, has completed USD 3.3 bln in new funding, according to a source within the company who said that more detailed information would be issued later. Read More
Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) will invest USD 1.5 bln in online takeout delivery platform Ele.me, which would make Alibaba the company's largest shareholder with a 30% stake, reports a source familiar with the matter. Read More