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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
STEAM Education Solutions Provider Makeblock Wins RMB 300 Mln Series C
36Kr.com, 8/30/18
Shenzhen-based Maker Works Technology, developer of STEAM (Science, Technology, Engineering, Arts, and Math) education solutions provider Makeblock, has announced the completion of RMB 300 mln in Series C funding led by CICC Alpha Investment Fund Management, with participation by Yuexiu Industry Investment Management, GX Capital and Lang Ma Feng VC. 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 Increases Ad Revenue Share for Applet Developers
PingWest, 8/10/18
Chinese internet conglomerate Tencent's (0700.HK) WeChat mobile messaging app recently announced that its public account platform will adjust the share of advertising revenues awarded to applet developers, and that between August 1 and December 31, 2018, the share of ad revenues given to applet developers (including mini-game developers) will be increased. Read More
SenseTime, SoftBank Join RMB 1.36 Bln Round in AI-based Video Solutions Firm Moviebook
Huanqiu Tech, 8/07/18
Beijing-based AI video solutions provider Moviebook Technology recently announced completion of RMB 1.36 bln in Series D funding from more than ten investors and strategic partners including computer vision and AI technology developer SenseTime Technology, SoftBank China Venture Capital, Shanghai-based media firm Oriental Pearl Media (600637.SH), PAC, Shenzhen Qianhai Wutong M&A Fund, Langsheng Investment, and individual investor Ge Weidong. Read More
Taobao Launches Mobile Gaming Platform to Compete with WeChat Mini Games
36Kr.com, 8/06/18
Alibaba Group's (NYSE: BABA) C2C e-commerce site Taobao has now been operating a mobile mini games platform for approximately two months, according to online media outlet 36Kr.com, indicating that the platform is more than just a distribution channel for Alibaba Games' Chinese version of Japanese mobile casual game Travel Frog, but a mini games platform similar to WeChat's in-app games platform. Read More
Rumor: Baidu Shuts Down Online Education Platform Baidu Chuanke
36Kr.com, 7/31/18
Chinese internet conglomerate Baidu (Nasdaq: BIDU) will reportedly shut down its online education platform Baidu Chuanke, according to online media outlet 36Kr.com. Read More
Suning Yigou App Launches Short Video Content E-commerce Platform
P5w.net, 7/27/18
Hou Enlong, president at Chinese consumer electronics and home appliance retailer Suning.com (002024.SZ), recently announced that the company is launching a new short video content e-commerce platform called Touhao Maijia. Read More
Goldman Leads USD 127 Mln Series D Funding of Fitness Instruction App 'Keep'
36Kr.com, 7/10/18
Beijing-based Calorie Technology, operator of mobile healthcare and fitness app Keep, recently completed USD 127 mln in Series D funding led by Goldman Sachs with participation from Chinese internet conglomerate Tencent (0700.HK), Granite Global Ventures, Morningside Ventures, and Bertelsmann Asia Investments (BAI). Read More
Rumor: Today's Headlines to Launch Gamecasting Service
36Kr.com, 6/29/18
Beijing-based Bytedance Technology, operator of online and mobile news portal platform Today's Headlines, is reportedly planning to launch a new live gamecasting service, according to several industry sources speaking with media outlet 36Kr.com. Read More
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