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China's core internet industry, defined as the aggregate of those enterprises holding a telecommunications value-added service license and recording 2018 full-year service revenues of at least RMB 5 mln, generated RMB 324.6 bln in service revenue during the 4-month period from January to April, 2019, according to a new report issued by China's Ministry of Industry and Information Technology (MIIT). Read More
Tianjin-based server manufacturer Dawning Information Industry (Sugon) (603019.SH) has announced that in H1 2018 the company made a successful bid for Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) server procurement project and has now obtained RMB 100 mln to provide the company with GPU heterogeneous servers and related services. Read More
China's Ministry of Industry and Information Technology (MIIT) recently authorized Chinese internet conglomerate Baidu (Nasdaq: BIDU) to serve as manager for the ".Baidu" top-level Internet domain name. Read More
Hainan-based Lexin Network Technology, operator of online gaming SNS app Laoyuegou, recently announced completion of RMB 200 mln in Series C funding from Tiantu Capital. Read More
Beijing-based mobile identity authentication service provider Trusfort Technology recently revealed that it completed RMB 120 mln in Series B2 funding in December 2017, in a round led by Yunfeng Capital with participation from Dreamfly Capital Management, SIG Asia Investment, and Redpoint Ventures. Read More
Shanghai-based mobile phone developer and manufacturer Huaqin Telecom Technology has announced completion of RMB 870 mln in Series A funding led by Intel Capital and Hua Capital with participation by Beijing-based Qingkong Jinxin Capital Management, Summitview Capital, Walden International, Northern Light Venture Capital (NLVC), and Zhilu Capital. Read More
Beijing-based Sinnet Technology (300383.SZ), an Internet service, Internet data center services and value-added services provider, has announced a plan to purchase specific operational assets (including, but not limited to IT equipment such as servers) from Beijing-based AWS (China) service platform operator Amazon Connect Technology Services for no more than RMB 2.0 bln. Read More
Shenzhen-based software-defined storage (SDS) developer Shanyang Data Technology (SandStone) has announced that it recently secured RMB 8-digit Series A funding led by Shunwei Capital Partners with participation from converged architecture solution provider Tianji Data Technology. Read More
Computer and communications hardware and software manufacturer Inspur Electronic Information Industry (000977.SZ) recently announced that it has signed an agreement with US technology firm IBM's China branch to form a joint venture covering the manufacture and sale of servers. Read More
Tianjin-based server manufacturer Dawning Information Industry (Sugon) (603019.SH) has announced a plan to establish a wholly owned subsidiary with RMB 1.4 bln to create a global R&D headquarters. Read More