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Alibaba Sports Changes Name to Orange Lion Sports
21st Century Business Herald, 6/24/22
Alibaba Sports, the sport unit of Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK), has rebranded as Orange Lion Sports. Read More
JD.com Launches Cargo Charter Flights from China to Brazil and Germany
JD.com, 3/25/22
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) has launched two charter cargo flights from China to Brazil and Germany on March 17 and 19 respectively. Read More
Huami Announces Name Change to Zepp Health
Huami, 2/25/21
Chinese wearable device manufacturer Huami Corporation (NYSE: HMI), an affiliate of Android device maker Xiaomi (1810.HK), today announced it is changing its name internationally to Zepp Health Corp and the ticker symbol of its American depositary shares listed on the NYSE to "ZEPP" to better reflect its deepening commitment to connecting health with technology, expansion of its current product portfolio, and its growth in serving the industrial healthcare technology market. Read More
Wanda Sports Group Completes Initial Tender Offer and Delisting
Wanda Sports Group, 2/01/21
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
Q3 2020 Investment in Chinese Internet Startups Down 9% QoQ
CAICT, 10/16/20
As China's domestic economy maintained its gradual recovery, capital markets for Chinese internet startups also remained relatively stable in Q3 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 6.22 bln, down 8.9% QoQ and 39.0% YoY, according to Chinese government data. Read More
Wanda Sports Group Receives Preliminary Non-Binding Proposal to Acquire the Company
Wanda Sports Group, 9/30/20
Wanda Sports Group Company Limited (the "Company") (Nasdaq: WSG), a China-based global sports events, media and marketing platform, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter, dated September 30, 2020 (the "Proposal Letter"), from Wanda Sports & Media (Hong Kong) Holding Co. Limited (the "Proposing Buyer"), a wholly-owned subsidiary of Dalian Wanda Group Co. Ltd., to acquire all of the outstanding Class A ordinary shares of the Company (the "Class A Ordinary Shares"), including American depositary shares representing Class A Ordinary Shares ("ADSs," with every two ADSs representing three Class A Ordinary Shares), for USD 2.50 in cash per ADS, or USD 1.67 per Class A Ordinary Share (the "Proposed Transaction"). Read More
Q2 2020 Investment in Chinese Internet Startups Up 37% QoQ
CAICT, 7/11/20
Driven by the continued recovery of China's economy and looser liquidity, capital markets for Chinese internet startups rebounded strongly in Q2 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 6.52 bln, up 37.0% QoQ but down 18.4% YoY, according to Chinese government data. Read More
Q1 2020 Investment in Chinese Internet Startups Down 28% QoQ
CAICT, 4/09/20
As the COVID-19 pandemic battered both domestic and overseas economies, capital markets for Chinese internet startups tightened dramatically in Q1 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 5.09 bln, down 28.1% QoQ and 36.3% YoY, according to Chinese government data. Read More
Q4 2019 Investment in Chinese Internet Startups Down 32% QoQ, 52% YoY
CAICT, 1/10/20
Against a backdrop of increased domestic and international economic pressure, capital markets for Chinese internet startups saw a major tightening in Q4 2019, with the total amount of investment and financing disclosed for the quarter coming to USD 6.84 bln, down 32.3% QoQ and 51.5% YoY, according to Chinese government data. Read More
JD.com Records GMV of RMB 204 Bln Across 11-day Singles Day Sale
JD.com, 11/12/19
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) recorded total transaction volume of RMB 204.4 bln across the 11-day (November 1-11) Singles Day sales event, up 27.9% YoY, reports the company on its website today. Read More
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