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Tencent to Boost Equity Voting Interest in Consortium That Controls Supercell
Tencent, 9/23/19
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
Shenzhen: Newly Registered Ride Hailing Vehicles Must Be All-electric
Securities Times, 6/07/18
The Shenzhen city government reportedly plans to revise its regulations for online ride hailing service operators before July 31, including prohibiting new registrations of non-all-electric vehicles with online ride hailing platforms. Read More
Nine Chinese Handsets Makers to Launch Download-free App Standard
IT Home, 3/15/18
Nine Chinese handset manufacturers, including Xiaomi, ZTE (0763.HK; 000063.SZ), Huawei, Gionee, Lenovo (0992.HK), Meizu, ZTE sub-brand Nubia, Oppo, and Vivo, will launch a "Kuai Yingyong" (literally "Fast Application") standard on March 20 which will replace regular apps in some scenarios. Read More
JD.com Partners with NetEase on E-commerce Marketing
JD.com, 9/27/17
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) has announced a strategic partnership with NetEase (Nasdaq: NTES), one of China's leading internet and online game services providers, to cooperate on precision advertising and marketing across NetEase's suite of products. Read More
NetEase Media to Invest RMB 1 Bln in Content Ecosystem Development
Lieyunwang, 4/19/17
Chinese internet company NetEase's (Nasdaq: NTES) media subsidiary will invest RMB 1.0 bln to upgrade its content ecosystem as part of the roll out of version 2.0 of its media partnership project, announced NetEase Media Vice President Yang Binbin. Read More
China's MOC to Strengthen Enforcement of Online Gaming Rules
MOC, 12/05/16
China's Ministry of Culture has issued a notice directing online game operators to improve compliance with existing laws governing the industry, including rules prohibiting the conversion of online game virtual currencies into legal tender. Read More
AliHealth Launches Third-party Product Tracking Platform
Yigoonet.com, 6/12/16
Chinese e-commerce conglomerate Alibaba Group's (NYSE: BABA) healthcare subsidiary Alibaba Health Information Technology (AliHealth) (0241.HK) recently launched a new third-party product tracking platform called Mashang Fangxin (unofficially "Rest Easy Code Check"), which will serve brand manufacturers, distributors, government agencies, and consumers. Read More
CAICT: China's 4G Subscriber Base to Surpass 700 Mln in 2016
C114, 6/08/16
China's total number of 4G mobile network users is expected to surpass 700 mln in 2016, according to new data from the China Academy of Information and Communications Technology (CAICT), a department of the Ministry of Industry and Information Technology (MIIT). Read More
Rumor: Former Renren Games Employees to Sue over Stock Option Rights
Sina, 5/16/16
Former employees of Renren Games, the online and mobile game development and operations division of Chinese social networking site operator Renren Inc (NYSE: RENN), are reportedly preparing to sue Renren Games and Renren Inc over stock option rights that were allegedly cancelled during Renren's sale of the Renren Games division to a privatization consortium led by Renren Games CEO He Chuan, according to a senior-level source at Renren Games. Read More
Zhongyin Cashmere Sued for Overselling Stakes in Shanda Games Privatization Deal
Zhongyin Cashmere, 12/21/15
Ningxia-based Zhongyin Cashmere (000982.SZ) has confirmed that it is being sued concerning its role in the privatization deal of Chinese online game operator Shanda Games and that RMB 10.01 mln in assets have been frozen pending resolution. Read More
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