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Sogou Receives Privatization Proposal from Tencent
Sogou, 7/27/20
Chinese online search engine operator Sogou (NYSE: SOGO) has announced that today it received a privatization proposal from its largest shareholder, Chinese internet giant Tencent (0700.HK). Read More
58.com's Zhuan Zhuan to Acquire Used Handset Trading App Zhaoliangji
58.com, 4/07/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced that Zhuan Zhuan, an online used goods trading platform and a consolidated subsidiary of 58.com, has entered into definitive agreements to acquire a 100% equity interest in the operator of second-hand mobile phone trading app Zhaoliangji. Read More
58.com Receives Preliminary Non-Binding 'Going-Private' Proposal
58.com, 4/02/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced that it has received a preliminary non-binding proposal letter today from Ocean Link Partners Limited to acquire all of the outstanding ordinary shares of 58.com, including Class A ordinary shares represented by American depositary shares ("ADSs," each representing two Class A ordinary shares), for USD 27.5 in cash per Class A or Class B ordinary share, or USD 55.0 in cash per ADS. Read More
Baidu Posts Q1 2019 Net Loss of RMB 327 Mln
Baidu, 5/16/19
Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More
Niu Technologies Posts Q1 2019 Profit of RMB 12 Mln
Niu Technologies, 5/13/19
Chinese smart urban mobility solutions firm Niu Technologies (Nasdaq: NIU) today announced its financial results for the first quarter 2019. Read More
China Issues Draft Regulations on Audio-Visual Programming for Minors
Sina Tech, 8/27/18
China's National Radio and Television Administration (NRTA) recently issued a notice seeking public opinion on a regulatory draft concerning audio-visual programming for minors. Read More
WeChat Pay Allows Marketing Service Providers to Place Feed Ads for Merchants
Tencent Tech, 6/12/18
WeChat Pay, the in-app payment tool within Tencent's (0700.HK) WeChat mobile messaging app, recently announced new service provider digital marketing capabilities, which offer merchant service providers an advertising and marketing management engine. Read More
WeChat Begins Beta Testing Applet Game Advertising Functions
TechWeb, 4/26/18
The public platform arm of Tencent's (0700.HK) WeChat messaging app has issued a notice stating the company will begin beta testing new advertising functions for applet games, including banner ads and rewarded video ads. Read More
Elevator LED Display Ad Network Operator Xinchao Media Wins RMB 2 Bln Investment
Ce.cn, 4/09/18
Chengdu-based Xinchao Media Group, developer of O2O life services app Xinchao Xiaoqu and operator of an LED ad network, has won a RMB 2 bln investment from Chengdu High-Tech Park Industry Guiding Fund. Read More
CCTV Expose Criticizes Today's Headlines for Illegal Medical Ads in Lower-tier Cities
TechWeb, 3/30/18
State broadcaster China Central Television recently aired an expose on a half hour economics program, accusing online and mobile news platform Today's Headlines of creating an advertising trap. Read More
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