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Chinese online media company Sina (Nasdaq: SINA) today announced the receipt of a preliminary non-binding proposal letter, dated July 6, 2020, from New Wave MMXV Limited ("New Wave"), proposing to acquire all the outstanding ordinary shares of the company not already owned by New Wave for USD 41 per share in cash in a going private transaction (the "Proposed Transaction"). Read More
Chinese internet company Sina (Nasdaq: SINA) recently introduced a new "instant recommendation" (Jishi Tui) function within its news app that uses artificial intelligence technology to identify a user's interests at a given moment and recommend relevant news, image, and video content. Read More
Guangdong-based Jianke Pharmaceutical, operator of B2C pharmaceutical e-tailer Jianke.com, has completed USD 50 mln in Series A+ funding, announced Jianke CEO Xie Fangmin. Read More
Chongqing-based Checheying Network Technology, operator of smart LED display platform for vehicles Lunubao, recently announced the completion of RMB 30 mln in pre-Series A funding from Chongqing Co-harvest Equity Investment Fund Management and Dongfeng Xiaokang Industry Fund. Read More
Xiamen-based Shidian Cultural Communication, operator of online and mobile lifestyle media and education platform "Read at Ten," has completed RMB 60 mln Series A funding led by Qingke Lingxie Investment Management, and with participation from Weiying Capital and SAIF Partners. Read More