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China's core internet industry, defined as the aggregate of those enterprises holding a telecommunications value-added service license and recording 2018 full-year service revenues of at least RMB 5 mln, generated RMB 324.6 bln in service revenue during the 4-month period from January to April, 2019, according to a new report issued by China's Ministry of Industry and Information Technology (MIIT). Read More
U.S.-China Green Fund announced today the completion of a RMB 500 mln investment in Jiangsu-based Huitongda Network Holdings, operator of rural-user-facing home appliance and equipment B2B e-commerce marketplace Huitongda. Read More
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
The Insurance Association of China (IAC) recently published its "2014 Online Insurance Industry Development Report" and H1 2015 operations data for the online insurance industry. Read More
Zhang Jindong, CEO of consumer electronics and home appliance retailer Suning Commerce Group (002024.SZ), recently announced that Laox, a Japanese home appliance store brand of which Suning hold a majority stake in, will invest RMB 3 bln to open 26 more stores in Japan over the next 3 years. Read More
Shenzhen-based Binxun Technology, operator of home decoration B2C online shopping directory and services platform To8to.com, announced yesterday that it has completed USD 200 mln Series C funding from Chinese online classifieds site 58.com (NYSE: WUBA), Sequoia Capital, Matrix Partners, and other investors. Read More
The average price of newly sold Android devices in 200 Chinese cities was RMB 1,426 in October, according to mobile app analytics platform Umeng. Read More
Beijing-based B2C e-commerce platform Jingdong has revealed that sales of fresh foods on its open platform grew by 500% YoY in H1 2013. Read More
China's Ministry of Culture (MoC) recently released its 2012 Report on the Chinese Online Music Market, which found that there were 575 registered companies working in China's online music market as of the end of 2012, a 27.2% increase YoY. Read More
China's online shopping user base reached 242 mln in 2012, comprising 42.9% of China's total internet user base, according to data released today in the China Internet Network Information Center (CNNIC)'s "2012 China Online Shopping Market Research Report." Read More