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Online Recruitment Platform 51job Receives Preliminary Privatization Proposal
51job, 9/17/20
Chinese online recruitment platform operator 51job (Nasdaq: JOBS) announced today that its Board of Directors has received a preliminary non-binding proposal letter dated September 17, 2020 from DCP Capital Partners (the "Proposing Buyer") to acquire all of the outstanding common shares of the company for USD 79.05 in cash per common share (the "Proposed Transaction"). Read More
SME Group Health Insurance Solutions Provider StartupCare Appoints New CEO
CareVoice, 7/07/20
Shanghai-based StartupCare, a provider of group health insurance solutions for SMEs and startups that was spun off last year from international health insurtech company The CareVoice, announced today the appointment of Wu Ying as Chief Executive Officer. 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
Professional SNS App Maimai Completes USD 200 Mln Series D
36Kr.com, 8/21/18
Professional SNS app Maimai, operated by Beijing-based Taoyou Tianxia Technology Development, has completed USD 200 mln in Series D funding led by DST Global and with participation from previous investors IDG Capital Partners, Morningside Ventures, and DCM Ventures. Read More
Baidu Loses Founder of Raven Studio AI Hardware Unit
36Kr.com, 7/07/18
Lv Cheng (Jesse Lv), head of Chinese internet conglomerate Baidu's (Nasdaq: BIDU) Raven Studio Workshop, a smart hardware business division under its Smart Living Group, resigned from Baidu in June. 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
51job Denies Claims of User Database Being Compromised by Hackers
The Paper, 6/15/18
Hackers are openly selling user data from online recruitment platform 51job.com (Nasdaq: JOBS) on the dark web with sample data containing email addresses, passwords, real name, ID number, and telephone number, reports Dongfang Press's The Paper. Read More
Ofo Senior Vice President Nan Nan Resigns
Sohu.com, 6/07/18
Nan Nan, a senior vice president at Beijing-based Bikelock Technology, operator of mobile bicycle-sharing app Ofo, recently announced his resignation from the company. Read More
Former Baidu Research Director's AI Startup Aibee Lands RMB 165 Mln Angel Round
Sina Tech, 1/16/18
Beijing-based Aibee Intelligent Technology, the AI industry solutions firm founded by Lin Yuanqing, former director at Chinese internet conglomerate Baidu's (Nasdaq: BIDU) Baidu Research Institute, recently announced completion of RMB 165 mln in angel funding led by Fosun Kinzon Capital with participation by VCs and individual investors including ZhenFund, China Growth Capital, China Renaissance K2 Ventures (K2VC), Lenovo Capital and Incubator Group, Sequoia Capital, Yonghua Capital and Horizon Robotics. Read More
WeChat Launches Electronic Social Insurance Card Services
Lieyunwang, 1/04/18
Chinese internet conglomerate Tencent's (0700.HK) Internet+ partnerships division recently launched an electronic social insurance card that offers functions for social insurance queries, social insurance contributions, and viewing local online medical insurance services. Read More
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