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JD.com Opens "E-Space" in Chongqing, Its Largest Offline Store to Date
JD.com, 11/07/19
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) announced today, as part of its vision for a boundaryless retail experience, that it will open "JD E-Space," a custom-built, 50,000-square-meter shopping destination in Chongqing. Read More
China Unicom, China Telecom to Co-Build Shared Nationwide 5G Access Network
China Unicom, 9/09/19
China Unicom (NYSE: CHU; 0762.HK; 600050.SH) and China Telecom (NYSE: CHA; 0728.HK), each of which holds a roughly 20% share of China's approximately 1.6 bln mobile subscriber base, today jointly announced that the two network operators will co-build and co-share a single, nationwide 5G access network. Read More
Alipay, Taobao Testing Group Buy Function to Rival Pinduoduo
Cnstock.com, 8/07/18
Chinese third-party payment processor Alipay and Alibaba Group's (NYSE: BABA) C2C e-commerce site Taobao recently partnered to launch a new group buying function, which can now be accessed through a link at the bottom of the Alipay main page. Read More
Galaxy eSolutions Invests in O2O Smartphone Maintenance Platform 'Accelerate'
Cyzone, 7/17/18
Guangzhou-based Xiuke Information Technology, operator of O2O smartphone maintenance platform Jiasudu ("Accelerate"), recently announced the completion of RMB 8-digit Series A funding from Hong Kong-based cross-border e-commerce company Galaxy eSolutions. Read More
Online Housing Rental Service Baletu Secures RMB 300 Mln Series C
36Kr.com, 5/10/18
Shanghai-based Wanjian Information Technology, operator of online and mobile housing rental services platform Baletu.com, has announced the completion of RMB 300 mln in new funding led by Tiantu Capital, with participation by Series B lead investor DCM Ventures and other previous investors. Read More
China's SAIC to Strengthen Regulation of Online Advertising Industry
SAIC, 2/12/18
China's State Administration for Industry and Commerce (SAIC) has issued a notice that from April to October this year, a concentrated effort will be made to reform the following five types of false, illegal online advertising, particularly for online presences with significant social impact and wide coverage such as portal websites, search engines, e-commerce platforms, mobile clients, and new media accounts: 1. Read More
Self-service Snack Shelf Operator Guoxiaomei Lands RMB 8-digit Funding
iFeng Finance, 8/21/17
Chengdu-based unmanned snack shelf operator Guoxiaomei Network Technology recently received pre-Series A and Series A funding totaling an RMB 8-digit sum led by IDG Capital Partners (IDGVC). Read More
Mobile Big Data Service Provider Jiguang Raises USD 8-digit Series D
36Kr.com, 7/06/17
Shenzhen-based mobile big data service provider Hexun Huagu Information Technology, which operates under the Jiguang brand, recently completed USD 8-digit Series D funding from Fidelity International. Read More
Dockless Bike-share Operator Mobike Reaches 130 Cities
Mobike, 6/27/17
Chinese dockless bicycle-sharing service Mobike announced today that it currently has operations in 130 cities globally, including 125 mainland Chinese cities and 5 overseas cities. Read More
Rumor: BAT to Participate in China Unicom's Mixed-ownership Reform
The Paper, 11/30/16
Telecom operator China United Network Communications Group (Unicom Group), the ultimate parent of China Unicom (NYSE: CHU; 0762.HK; 600050.SH), has reportedly confirmed its plans to carry out mixed-ownership reforms, and will soon begin the official approval process, according to online media outlet The Paper, citing a source close to the matter. Read More
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