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Market Cap of China's Listed Internet Firms Up 5.6% QoQ in Q4 2020
CAICT, 1/07/21
As good fiscal stimulus and vaccine news in countries around the world boosted global stock markets in Q4 2020, total market cap of China's publicly traded Internet companies rose 5.6% QoQ to RMB 17.8 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Online Recruitment Platform 51job Receives Preliminary Privatization Proposal
51job, 9/17/20
Chinese online recruitment platform operator 51job (Nasdaq: JOBS) announced today that its Board of Directors has received a preliminary non-binding proposal letter dated September 17, 2020 from DCP Capital Partners (the "Proposing Buyer") to acquire all of the outstanding common shares of the company for USD 79.05 in cash per common share (the "Proposed Transaction"). Read More
Sogou Receives Privatization Proposal from Tencent
Sogou, 7/27/20
Chinese online search engine operator Sogou (NYSE: SOGO) has announced that today it received a privatization proposal from its largest shareholder, Chinese internet giant Tencent (0700.HK). Read More
Sina Announces Receipt of Preliminary Non-Binding "Going Private" Proposal
Sina, 7/06/20
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
TPV to Delist from HKSE Tomorrow
TPV, 11/13/19
Hong Kong-based display and TV vendor TPV Technology (0903.HK), which is being taken private by CEIEC (H.K.) Limited, has announced in a stock exchange filing that it expects that the listing of TPV's shares on the Hong Kong Stock Exchange will be withdrawn with effect from 4:00 p.m. Read More
China Fiber Optic Network System Group to Be Delisted from HKSE
Hong Kong Exchanges and Clearing, 2/13/19
The listing of the shares of Chinese fiber optic patch cords manufacturer China Fiber Optic (3777.HK) on the Hong Kong Stock Exchange will be cancelled with effect from 9:00 am tomorrow (February 14, 2019), announded the Hong Kong Exchanges and Clearing today. Read More
ASMC to Delist from HKSE on January 25, 2019
ASMC, 11/27/18
Chinese semiconductor manufacturer Advanced Semiconductor Manufacturing Corporation (ASMC) (3355.HK), which is being taken private through merger with and absorption by Shanghai-based GTA Semiconductor, has announced that it expects ASMC's shares to withdraw their listing from the Hong Kong Stock Exchange at 9:00 a.m. 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
Tourist Destination Online Ticketing Firm Lvmama Wins RMB 1 Bln New Funding
Tencent Tech, 9/21/17
Shanghai-based Joyu Culture Communication, operator of tourist destination ticket sales website Lvmama, has completed RMB 1 bln in new funding from Zhongbang Industrial Financial Holdings, with the funds already deposited into Lvmama's accounts, according to an internal company-wide email sent by Lvmama chairman Hong Qinghua. Read More
Rumor: Qihoo 360 to Spin Off Businesses for Future IPO in China
Sohu IT, 8/03/16
Having completed its privatization, Chinese internet services and security software provider Qihoo 360 is reportedly actively restructuring in preparation for a domestic backdoor listing, with plans to spin off its finance, desktop, mobile, and health businesses, according to a number of industry investors. Read More
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