China Literature — the Tencent e-publishing venture that went public with a US$1 billion IPO last November— announced that it would acquire Chinese digital production company New Classics Media for around RMB 15.5 billion (US$2.2-2.3 billion), according to a media report.
Matrix-backed Chinese graphic social media tool Meipian, recently announced the completion of its series B round worth billions of RMB.
Zhihu, a question-and-answer knowledge sharing platform similar to Quora, has raised a US$270 million series E round, announced by Zhou Yuan, founder and CEO of Zhihu, through video at today’s press conference in Beijing.
Beijing Bytedance Technology Co. has reportedly kicked off an equity-fundraising round that could value the owner of China’s most popular news-aggregation app at as much as US$75 billion.
Chinese tech giants Alibaba Group Holding and Tencent Holdings Ltd have invested in television show producer Shanghai Canxing Cultural and Broadcast Company Ltd., according to a security filing.
There have been a number of Chinese online video streaming site IPOs lately. In May, Chinese gaming streaming firm Huya went public in the U.S. It was followed by Inke, which focuses on live performance streaming, in a listing in Hong Kong in June. Another video streaming firm Douyu, is rumored to be next.
Tencent-backed online gaming portal Douyu is rumored to seek a US$700 million initial public offering in the US, according to a media report.
Suning Sports, the sports unit of Chinese retailer Suning Holdings Group, announced that it has completed a series A round led by Alibaba Group Holdings and Goldman Sachs.
Leading online entertainment service in China, iQiyi announced that it has acquired Chinese game maker Skymoons Inc. and Chengdu Skymoons Digital Entertainment for about RMB2 billion (US$298.59 million).
Joining the IPO rush by Chinese internet and technology startups, Toutiao – China’s biggest personalized news app’s parent Beijing Bytedance Telecommunications Co – is reportedly considering a Hong Kong IPO that may value it at over US$45 billion, according to a media report.
TPG Growth, a global alternative asset firm announced that it has led a US$60 million series C round of financing in Moretickets, China’s online ticketing platform.
Chinese social media giant Tencent has proposed a spin off to its online music entertainment business Tencent Music Entertainment Group through an initial public offering in the United States.
China Media Capital (CMC) Inc., a media and entertainment company, has raised a RMB10 billion (US$1.49 billion) series A round led by Chinese real estate developer Vanke, and existing investors Chinese tech giants Alibaba Group Holding Ltd., and Tencent Holdings Ltd.
The Chinese e-sports sector has grew to around RMB5 billion in 2017 with a user base of 250 million, and are expected to growth rapidly in the next few years, according to a report published by Tencent today.
Legend Capital, a Beijing-based asset management firm, Zhongtai Chuanghui and Suzhou-based Guochuang Kaiyuan fund, have led a RMB1 billion (US$154 million) founding round in Taihe Music Group (TMG).
Chinese social media giant Tencent Holdings has set up a film distribution subsidiary, as part of its wider push into movie production and sales.
Social media giant Tencent Holdings is in advanced negotiations to invest US$100 million in Mumbai-based online fantasy sports platform Dream11, according to Indian media.
Watching a stern Mark Zuckerberg testify before the U.S. Congress is a reminder how China’s tech companies, despite differences in economic structure and technological sophistication, follow similar trajectories with their American counterparts. Toutiao, China’s biggest personalized news app with a US$20 billion valuation, is experiencing a similar crisis these days as government and competitors attack its core business model.
Chinese online anime-streaming platform Bilibili Inc. has filed a F-1 form to raise as much as US$400 million via a listing on the New York Stock Exchange, after being rumored to plan a U.S. IPO for months.
Chinese private equity group Orient Hontai Capital has agreed to buy a 53.5% stake in Spanish media firm Imagina Media Audiovisual, valuing the target company at an enterprise value of EUR1.9 billion (US$2.34 billion).
Tencent Holdings Ltd. said it plans to invest RMB3 billion (US$474 million) in Chinese online gaming firm Shanda Games in exchange for an undisclosed stake in the target company, according to an official announcement.
China’s 200 million children under the age of 14 have a new lesson to learn: censorship.
Investment management firm China International Capital Corp. has led a new funding round worth RMB618 million (US$95 million) in Hupu Sports (Shanghai) Media Ltd., an online sports information, retail and entertainment community.
Jiansheng Sports Fund, a fund co-established by Sequoia Capital China and China Media Capital in March to focus on sports equipment brands, sports lotteries and new events IP, has led a series C round in shared gym operator Supermonkey worth hundreds of millions of RMB.
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money in at around 5pm each workday.
Yao Capital, backed by former NBA player Yao Ming, has led a RMB500 million (US$75 million) series A round in Doing Now, a Beijing-based sports training company.
China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money in at around 5pm each workday.
Alibaba is becoming a serious player in the online gaming sector. The technology giant founded by Jack Ma today announced that it has acquired online gaming company Ejoy and revealed plans to establish for the first time a dedicated gaming unit to expand into the lucrative sector.
Chinese investment holding company CITIC Guoan Group is the latest Chinese investor getting into the show business, as a unit of the Beijing-based conglomerate announced that it plans to invest US$120 million in a Sino-American co-production project.
China’s electronic sports (eSports), or competitive video games, industry generated RMB50.4 million (US$7 billion) in revenue in 2016, up 34.7% year-on-year, according to a report by China’s GPC, an industry group for game publishers.
Alisports Group, the sports affiliate of Alibaba Group Holding Ltd., has announced a strategic partnership with the Olympic Council of Asia in an effort to bring electronic sports (eSports), or competitive video games, to the official sports program of the 2022 Asian Games in Hangzhou, China.