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The listed arms of China's three main telecom operators have announced their subscriber totals for the month of July 2020, including a combined net gain of roughly 2.26 mln mobile subscribers in China, boosting their combined mobile subscriber base to approximately 1.602 bln. Read More
China Telecom (NYSE: CHA; 0728.HK) reported a net increase of 2.60 mln mobile subscribers in July, raising its total to 346.07 mln, of which 49.27 mln were 5G terminal users. Read More
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
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) announced today, as part of its vision for a boundaryless retail experience, that it will open "JD E-Space," a custom-built, 50,000-square-meter shopping destination in Chongqing. Read More
Chinese internet and mobile services firm Tencent (0700.HK) announced today that it intends to increase its equity voting interest - from 50% to 51.2% - in the consortium that currently indirectly holds an 82.2% interest in Finnish mobile games developer Supercell. Read More
Shanghai-based Software as a Service (SaaS) enterprise resource planning (ERP) solution provider Jushuitan Network Technology recently announced the completion of RMB 100 mln in Series B funding from Vision Plus Capital. Read More
Shanghai-based industrial Internet solutions provider Allsense Technology recently announced completion of RMB 8-digit pre-Series A funding led by Beijing-based Mingshi Hexun Capital Management (FutureCap) with participation by US-based Linear Venture and Shenzhen-based Green Pine Yuanwang Asset Management. Read More
Co-working space brand Mydream Plus (Mydream+) recently announced completion of USD 120 mln Series C funding led by Hillhouse Capital Management and General Atlantic with participation by prior-round investors Joy Capital, Ocean Link, M31 Capital, and China Renaissance K2 Ventures (K2VC). Read More
Guangzhou-based electric car maker Xiaopeng Motors Technology (Xpeng Motors) recently announced completion of Series B+ funding including RMB 4 bln total B1 and B2 funding. Read More
Zhejiang-based electric car maker Dearcc Technology recently completed RMB 2 bln in pre-Series A funding from investors including automotive industry guidance funds, institutional investors, and automobile supply chain companies, according to the company's announcement on its WeChat public account. Read More