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Children's Online English Education Firm Danyue Lands RMB 520 Mln Series C
36Kr.com, 6/19/18
Hangzhou-based Danyue Technology, operator of children's online English education platforms 360ABC and Landi English, recently announced completion of RMB 520 mln in Series C funding from unspecified investors. Read More
Gaming SNS App 'Laoyuegou' Obtains RMB 200 Mln Series C Funding
36Kr.com, 2/26/18
Hainan-based Lexin Network Technology, operator of online gaming SNS app Laoyuegou, recently announced completion of RMB 200 mln in Series C funding from Tiantu Capital. Read More
Alibaba Invests in Electric Car Maker Xpeng Motors
Sina Tech, 12/10/17
Chinese internet conglomerate Alibaba (NYSE: BABA) recently invested in Guangzhou-based Xiaopeng Motors Technology, the operating entity behind electric car maker Xpeng Motors. Read More
Mobile Video Shopping App Huajuan Secures USD 40 Mln Series B
36Kr.com, 10/17/17
Beijing-based Huajuan Technology, operator of mobile video shopping app Huajuan, recently announced completion of USD 40 mln in Series B funding led by Sinovation Ventures with participation by prior-round investors Evolution Media China (EMC), Ventech China, and Vertex Ventures, as well as new investor Zhiping Capital. Read More
Cloud-based Communications Solutions Provider Yunzhixun Wins RMB 300 Mln Series B
Tencent Tech, 8/15/17
Cloud-based communications solutions provider Shenzhen Yunzhixun Network Technology recently announced the completion of RMB 300 mln in Series B funding led by Mangrove Capital. Read More
Update: China Shuts 12,000 Live Streaming Chatrooms over Content Violations
MOC, 6/29/17
China's Ministry of Culture (MOC) recently shut down 11,929 live broadcasting rooms on online live streaming platforms for content violations, and ordered 18,977 live broadcasting rooms to correct rules violations. Read More
China to Randomly Inspect Live Streaming Platforms for Illegal Content in 2017
MOC, 1/25/17
China's Ministry of Culture has announced plans to conduct random inspections of live streaming operators in 2017, with a focus on cracking down on performances including vulgar or obscene content. Read More
China Issues Draft Plan to Accelerate O2O Business Development
Gov.cn, 9/29/15
The General Office of China's State Council released a draft plan today to accelerate the innovation, transformation, development, and advancement of O2O businesses. Read More
Kingsoft Signs Game Co-operation Deal with YY VIE Huaduo
Kingsoft, 12/30/14
Chinese online game developer and operator Kingsoft (3888.HK) has announced that it has signed a 3-year framework agreement covering the joint operation of online games with Guangzhou-based online game operator Huaduo Group (Guangzhou Huaduo Internet Technology Limited and its subsidiaries). Read More
Rumor: YY to Acquire Online Education Site Edu24oL
Sina Tech, 12/04/14
According to a financial industry source, YY Inc (Nasdaq: YY), operator of Chinese voice-chat SNS platform YY and online game portal Duowan, is currently considering an acquisition in the online education space. Read More
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