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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

China's H1 2019 Internet User Base Reaches 854 Mln

CNNIC, 8/30/19

China's internet user base reached 854 mln in H1 2019, up nearly 26 mln from the end of H2 2018, among which the mobile internet user base was approximately 847 mln, up almost 30 mln from the end of H2 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H1 2019 State of the Chinese Internet Report. Read More

China's H2 2018 Internet User Base Reaches 829 Mln

CNNIC, 2/28/19

China's internet user base reached 829 mln in H2 2018, up nearly 27 mln from the end of H1 2018, among which the mobile internet user base was approximately 817 mln, up over 29 mln from the end of H1 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H2 2018 State of the Chinese Internet Report. Read More

China Issues New Regulations Limiting Online Gaming to Safeguard Children's Eyesight

MOE, 8/30/18

China's Ministry of Education and seven other government agencies recently released updated regulations aimed at preventing and controlling nearsightedness among children and young adults. Read More

Taobao Launches Mobile Gaming Platform to Compete with WeChat Mini Games

36Kr.com, 8/06/18

Alibaba Group's (NYSE: BABA) C2C e-commerce site Taobao has now been operating a mobile mini games platform for approximately two months, according to online media outlet 36Kr.com, indicating that the platform is more than just a distribution channel for Alibaba Games' Chinese version of Japanese mobile casual game Travel Frog, but a mini games platform similar to WeChat's in-app games platform. Read More

Smart Door Lock Developer Yunding Completes RMB 270 Mln Series C+

36Kr.com, 7/11/18

Beijing-based smart door magnetic lock maker Yunding Network Technology recently completed RMB 270 mln in Series C+ funding jointly led by Lan Fund and SIG Asia Investments, with participation from Shunwei Capital Partners, Chinese internet conglomerate Baidu's (Nasdaq: BIDU) Baidu Ventures, Legend Star, China Renaissance K2 Ventures, and DT Capital Partners. Read More

Baidu Loses Founder of Raven Studio AI Hardware Unit

36Kr.com, 7/07/18

Lv Cheng (Jesse Lv), head of Chinese internet conglomerate Baidu's (Nasdaq: BIDU) Raven Studio Workshop, a smart hardware business division under its Smart Living Group, resigned from Baidu in June. Read More

Rumor: Today's Headlines to Launch Gamecasting Service

36Kr.com, 6/29/18

Beijing-based Bytedance Technology, operator of online and mobile news portal platform Today's Headlines, is reportedly planning to launch a new live gamecasting service, according to several industry sources speaking with media outlet 36Kr.com. Read More

Happigo Secures CSRC Approval to Acquire Five Hunan Broadcasting Businesses

Happigo, 6/22/18

TV and online shopping channel operator Happigo Home Shopping (300413.SZ), a subsidiary of Hunan Broadcasting System (HBS) company Mango Media, recently announced that the China Securities Regulatory Commission has approved its major asset restructuring and RMB 2 bln fundraising program, under which it will acquire five HBS subsidiaries including Kuaile Yangguang Interactive Entertainment Media (Mango TV), online and mobile game developer Mango Interactive Technology, TV production firm EE-Media, film studio Mango Studios, and entertainment content developer Mango Entertainment for a total of RMB 11.5 bln. Read More

Cat Food M-commerce Platform MollyBox Secures USD 7-digit Series A

PE Daily, 5/23/18

Shanghai-based Suoluo Information Technology, developer of subscription-based cat food m-commerce platform MollyBox, recently announced completion of USD 7-digit Series A funding led by DCM Ventures with participation by Unity Ventures and Atom Ventures. Read More