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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
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
Electric Car Maker Xpeng Motors Raises RMB 4 Bln Series B+ Funding
36Kr.com, 8/02/18
Guangzhou-based electric car maker Xiaopeng Motors Technology (Xpeng Motors) recently announced completion of Series B+ funding including RMB 4 bln total B1 and B2 funding. Read More
Rumor: Baidu Shuts Down Online Education Platform Baidu Chuanke
36Kr.com, 7/31/18
Chinese internet conglomerate Baidu (Nasdaq: BIDU) will reportedly shut down its online education platform Baidu Chuanke, according to online media outlet 36Kr.com. Read More
Didi Chuxing Pilots In-vehicle Video Monitoring System
Iyiou.com, 7/25/18
Chinese taxi booking and car hire service app Didi Chuxing has been testing out in-vehicle recording equipment in a small number of vehicles operating through its Didi Express and Didi Premier channels, to help resolve disputes between drivers and passengers, and to support rescue operations in case of emergency, confirmed a Didi Chuxing employee speaking with online media outlet Iyiou.com. Read More
Rumor: Bitcoin Mining Chip Maker Bitmain Lands USD 1 Bln Funding
Sina Tech, 7/16/18
Beijing-based Bitcoin mining hardware maker Bitmain Technologies is reportedly in the process of raising USD 1 bln in new funding and funds are expected to be in place by the end of July, according to IT media outlet TouchWeb. Read More
Tencent Enters Third-party Fund Sales Market
Chnfund.com, 6/04/18
Nearly 6 months after obtaining a fund sales business license, Chinese internet conglomerate Tencent's (0700.HK) third-party fund sales subsidiary Teng'an Fund has officially entered the third-party fund sales market. Read More
Feud between Tencent, Today's Headlines Escalates with Fresh Lawsuits
BiaNews, 6/02/18
Chinese internet conglomerate Tencent (0700.HK) recently issued a statement saying that Beijing-based Bytedance Technology, operator of popular news aggregation platform Today's Headlines and short video apps Douyin and Huoshan ("Volcano"), and its indirectly wholly-owned subsidiary Microlive Vision Technology, have been slandering Tencent through a number of channels, causing serious harm to Tencent's reputation. Read More
Alibaba Leads USD 300 Mln Round in Overseas Travel and Shopping SNS App 'Little Red Book'
The Beijing News, 5/31/18
Xingyin Information Technology, operator of overseas travel and shopping SNS app Xiaohongshu.com (Little Red Book), recently made an internal announcement that the company has completed USD 300 mln in new funding led by Chinese internet conglomerate Alibaba Group (NYSE: BABA) with participation by GSR Ventures, Tencent Investment, Granite Global Ventures, Genesis Capital (Yuansheng Capital), Tiantu Capital, ZhenFund, and K11 Art Foundation founder Adrian Cheng, according to a source at the company speaking with online media outlet The Beijing News. Read More
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