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Online Entertainment Firm Perfect World to Raise RMB 1 Bln for Film Investment
Perfect World, 6/04/18
Chinese online entertainment firm Perfect World (002624.SZ) has announced plans to raise up to RMB 1 bln in funding through a non-public offering. Read More
Shanda Games' Actozsoft Invests KRW 10 Bln in Kakao Games
Sina Tech, 4/02/18
Chinese online game developer and operator Shanda Games announced today that its South Korean subsidiary Actozsoft has invested KRW 10 bln (roughly RMB 59.13 mln) in Kakao Games, the independent gaming unit of Korean messaging giant Kakao. Read More
Six Leading Chinese Cable TV Operators Form Cable Broadband JV
Hubei Radio & Television, 7/19/17
Beijing-based cable TV network operator Gehua Cable TV Network (600037.SH) and Hubei Radio and Television Information Network (000665.SZ) recently announced plans to establish a cable broadband joint venture, which is temporarily called the "China Broadcasting Broadband Operating Company." 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
VR Technology Developer 'AppMagics' Completes RMB 8-digit Series A+
36Kr.com, 6/22/17
Beijing-based virtual reality technology developer AppMagics Technology recently announced completion of RMB 8-digit Series A+ funding led by HG Capital, with participation from Bojiang Capital and Buttonwood Capital Management. Read More
Alibaba Releases Mobile VR Online Shopping Experience 'Buy+'
Leiphone, 11/01/16
Chinese e-commerce conglomerate Alibaba Group's (NYSE: BABA) C2C e-commerce site Taobao recently launched a new virtual reality (VR) online shopping experience called Buy+ in its mobile app. Read More
Rumor: Perfect World Purchases Baidu's Online Literature Division for RMB 1 Bln
NetEase Tech, 6/20/16
Beijing-based online game developer and operator Perfect World has reportedly purchased the online and mobile literature business belonging to internet company Baidu (Nasdaq: BIDU) for RMB 1 bln, according to a source familiar with the matter. Read More
Qihoo's B2C Online Drug Marketplace '360 Haoyao' Wins RMB 100 Mln Series A
Ebrun, 5/26/16
Guangzhou-based Youyi Information Technology, operator of online and mobile B2C drug marketplace 360 Haoyao (literally "360 Good Medicine"), has won RMB 100 mln Series A funding from Lilly Asia Ventures and SoftBank China Venture Capital. Read More
Lenovo Establishes USD 500 Mln Robotics, AI, Cloud Computing Startup Fund
Xinhuanet, 5/04/16
Chinese consumer electronics manufacturer Lenovo (0992.HK) has established a USD 500 mln startup fund, which will invest in cloud computing, big data, artificial intelligence, robotics, and "Internet Plus" companies. Read More
Movie Ticket Booking Platform Weiying Times Wins RMB 3 Bln Series C+
Beijing Business Today, 4/27/16
Beijing-based online movie ticket booking platform operator Weiying Times Technology recently announced completion of RMB 3 bln Series C+ funding led by Dalian-based mobile game developer Zeus Entertainment (002354.SZ). Read More
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