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GigaCloud Technology (Nasdaq: GCT), a Chinese provider of global end-to-end B2B technology solutions for large parcel merchandise, today issued the following statement in response to the claims made in a report by Grizzly Research LLC, a short-seller, issued on May 22, 2024. Read More
Chinese online search engine operator Sogou (NYSE: SOGO) today announced the completion of its acquisition and privatization by internet conglomerate Tencent (0700.HK). Read More
Wanda Sports Group ("the Company"), a China-based global sports events, media and marketing platform, today announced the completion of the initial tender offer (the "Offer"), launched by Wanda Sports & Media (Hong Kong) Holding Co. Limited on December 23, 2020, to acquire all of the issued and outstanding class A ordinary shares of the Company, with no par value (the "Class A Ordinary Shares"), including all Class A Ordinary Shares represented by American depositary shares of the Company ("ADSs"). Read More
Chinese online classifieds site 58.com (NYSE: WUBA) today announced the completion of the merger (the "Merger") with Quantum Bloom Company Ltd ("Merger Sub"), a wholly-owned subsidiary of Quantum Bloom Group Ltd ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of June 15, 2020 (the "Merger Agreement"), among the Company, Parent and Merger Sub. Read More
Suzhou-based smart customer service system developer Yinengtong Information Technology (Kavenir) recently completed RMB 8-digit Series A funding. Read More
Shanghai-based eyeglasses retailer Youtong Trading (Coterie) recently announced completion of RMB 100 mln in Series C funding from ChinaEquity Group (833858.NEEQ). Read More
PC and mobile online game developer and operator Giant Network Group (002558.SZ) and its wholly owned subsidiary Giant Investment (HK) will participate in Series C+ funding for Bennet Holding, operator of housing rental platform Mogo Room. Read More
Shanghai-based new energy vehicle developer Weilai Automobile (Nio) recently announced that it has formed a strategic partnership with Chinese B2C e-commerce platform JD.com (Nasdaq: JD) to offer delivery-to-vehicle services, so that owners of Nio vehicles will be able to receive express package deliveries to the trunk of their vehicle. Read More
Guangzhou-based Baoyi Information Technology, provider of car owner service platform "I Am the Owner," completed RMB 18 mln in Series A funding this month led by Yitong Investment. Read More
The city of Hangzhou has begun trial operation of a housing rental monitoring and services platform that combines the management system of the "Hangzhou Second-hand Housing Trading Oversight Services Platform" and an evaluation system covering multiple dimensions at multiple stages from before, during, and after rental. Read More