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Qihoo 360 Invests in Handset Manufacturer Blephone

Blue Whale Media, 12/10/16

Shenzhen-based handset manufacturer Blephone Technology has announced the establishment of the Blephone Technology Park in Chongqing, and the completion of Series A funding from internet services and security software provider Qihoo 360 and Chongqing Xizheng Yufu Private Equity Management. Read More

Car Trading Platform Renrenche Reveals 2016 Strategy, Future Tencent Investment

36Kr.com, 3/30/16

Beijing-based Shanyi Shanmei Technology, operator of used car trading platform Renrenche, has released its latest statistics and 2016 strategy, and revealed that Chinese internet and mobile services firm Tencent (0700.HK) will be making a strategic investment in the company but did not specify the amount. Read More

Mogujie's Singles Day GMV Surpasses RMB 100 Mln

Tencent Tech, 11/11/14

Chinese online shopping SNS site Mogujie has announced that, since the launch of Mogujie's "Singles Day" promotions on November 10, gross merchandise volume (GMV) on the site has exceeded RMB 100 mln. Read More

ZTE to Launch Self-Developed 4G Terminal Chip

Sohu IT, 12/16/13

He Shiyou, Executive VP of Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ), recently revealed that the company plans to release its self-developed 4G terminal chip, the WiseFone 7510, in early 2014, fabricated with 28 nm production technology. Read More

Xiaomi Raises 2013 Handset Sales Projection to 20 Mln Units

Sohu IT, 8/09/13

Beijing-based Android handset developer Xiaomi has raised its 2013 handset sales projection to 20 mln units due to the success of the company's newly launched "Red Rice" ("Hong Mi") low-end smartphone. Read More

Sina Portal to Assign Ad Sales Duties to Operations Staff

Sohu IT, 3/28/13

A number of sources inside Chinese internet company Sina (Nasdaq: SINA) said today that as part of adjustments to its portal business, Sina will require portal channels to be responsible for sales, and will cut down on operations staff by 10% to 15%, varying by portal channel ranking. Read More

Update: Cogobuy to IPO in H1 2014

Netease Tech, 3/20/13

Kang Jingwei, Chairman of Shenzhen-based Mancheng Software, which operates IC e-commerce website Cogobuy, revealed today that the company plans to IPO on the Hong Kong exchange in H1 2014. Read More

Xiaomi Targets 2013 Sales of 15 Mln Smartphones

Sohu IT, 3/06/13

Lei Jun, founder and CEO of Beijing-based Android handset developer Xiaomi, announced that Xiaomi will produce 15 mln handsets in 2013, planning on a quick turnaround with no overstock. Read More

Meituan Sets 2015 Sales Target of RMB 100 Bln

Sina Tech, 2/24/13

Wang Xing, founder of Chinese group buy site Meituan, announced yesterday during the company's 2013 annual meeting that sales had reached RMB 140 mln in 2010, RMB 1.46 bln in 2011, and RMB 5.55 bln in 2012. Read More

Redbaby Targets 2013 Sales of RMB 3 Bln

Sina Tech, 1/20/13

Li Bin, executive vice president of Chinese consumer electronics and home appliances retailer Suning's (002024.SZ) B2C site Suning.com, said on January 20 that Suning's childcare e-commerce subsidiary Redbaby has set a conservative 2013 sales target of RMB 3 bln. Read More