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JD.com Invests RMB 618 Mln for 5% Stake in Industrial Automation Firm CSG

CSG Smart Science, 7/13/18

Shanghai-based industrial automation firm CSG Smart Science and Technology (300222.SZ) recently announced that Huang Mingsong, the company's controlling shareholder and actual controlling party, signed a share transfer agreement with Suqian Jingdong Xinsheng Enterprise Management, an affiliate of Chinese B2C e-commerce platform JD.com (Nasdaq: JD), on July 12, 2018. Read More

Baidu CEO Resigns from China Unicom's Board

China Unicom, 6/23/18

Telecom operator China Unicom (NYSE: CHU; 0762.HK; 600050.SH) recently said that Robin Li, CEO of Chinese internet conglomerate Baidu (Nasdaq: BIDU), has resigned from his positions as China Unicom board director and member of the China Unicom development strategy committee. Read More

Happigo Secures CSRC Approval to Acquire Five Hunan Broadcasting Businesses

Happigo, 6/22/18

TV and online shopping channel operator Happigo Home Shopping (300413.SZ), a subsidiary of Hunan Broadcasting System (HBS) company Mango Media, recently announced that the China Securities Regulatory Commission has approved its major asset restructuring and RMB 2 bln fundraising program, under which it will acquire five HBS subsidiaries including Kuaile Yangguang Interactive Entertainment Media (Mango TV), online and mobile game developer Mango Interactive Technology, TV production firm EE-Media, film studio Mango Studios, and entertainment content developer Mango Entertainment for a total of RMB 11.5 bln. Read More

Century Huatong to Complete Acquisition of Shanda Games

Century Huatong, 6/12/18

Zhejiang-based online game operator and plastic parts and molds maker Century Huatong Group (002602.SZ) disclosed today the signing of a letter of intent with Shanghai Yaoquru Network Technology that will realize the long-awaited return to China's A-shares market of online game developer and operator Shanda Games. Read More

We Doctor to Spin Off Healthcare Management and Cloud Businesses for IPOs This Year

Tencent Finance, 5/15/18

Online and mobile healthcare solutions developer We Doctor Group will spin off its main businesses in 2018 for public listings, according to CEO Liao Jieyuan. Read More

Rumor: Baidu among First Batch of Firms in June CDR Pilot

NetEase Tech, 3/26/18

Chinese internet conglomerate Baidu (Nasdaq: BIDU) will reportedly be included in the pilot batch of China depository receipts (CDR) in June, according to an industry source. Read More

China to Launch CDR Soon to Enable Overseas-listed Chinese Firms to Return to A-Shares

Shanghai Securities News, 3/16/18

Early stage preparations for the launch of China depository receipts (CDR) are currently underway. Read More

Tencent Acquires Enlight Media's 28% Stake in TV and Film Producer New Classics Media

Enlight Media, 3/12/18

Beijing-based TV and film investment, production, and distribution company Enlight Media (300251.SZ) recently announced that it has signed a share transfer agreement with Linzhi Tencent Technology, a subsidiary of Chinese internet conglomerate Tencent (0700.HK), to transfer its entire 27.64% stake in Beijing-based New Classics Media to Tencent for a total consideration of RMB 3.317 bln. Read More

Smart Bed Developer Keeson Wins RMB 200 Mln Strategic Funding

iYiou, 2/01/18

Zhejiang-based smart bed developer Linsheng Technology (Keeson) recently announced completion of RMB 200 mln in strategic funding from Red Star Macalline Group (1528.HK), Shenzhen-based Share Capital Partners, home furnishings maker Oppein, and Beijing-based Easyhome Investment Holding Group. Read More

Didi Chuxing Acquires Online Payment Firm 19Pay

Gohigh Data, 12/19/17

Datang-based data communication and VoIP solutions provider Gohigh Data Networks Technology (00851.SZ) recently said that in November it authorized its subsidiary Beijing Gaoyang Jiexun Information Technology to sell its entire stake in Beijing-based online payment services provider 19Pay Technology via public listing on the Beijing Equity Exchange. Read More