Tencent-backed Chinese cloud-based commerce and marketing solutions provider Weimob Inc. has filed for an initial public offering in Hong Kong, according to its IPO prospectus.
American tech giant Google is reportedly in talks with Tencent Holdings Ltd. and Chinese cloud computing service provider Inspur Group and other Chinese companies to bring its Google cloud services to mainland China, according to media reports citing insiders.
US search engine giant Google reportedly plans to return China by developing a censored engine that will comply with Chinese law, according to media reports citing insiders.
Sequoia Capital has led a US$50 million series B+ round in Shanghai-based used goods swap app Xiangwushuo, which promotes a green and environmentally friendly lifestyle.
U.S. social media giant Facebook’s move to set up a subsidiary in Hangzhou was apparently curtailed within a day of the news was made public, according to a media report.
US social media giant Facebook has moved forward to China by setting up a subsidiary in Hangzhou, home to Alibaba, with a registered capital of US$30 million, China’s National Enterprise Credit Information Publicity System said.
China’s internet giants Alibaba Group Holding Ltd., and Tencent Holdings Ltd. are in talks to acquire a minority stake in British advertising and public relations firm WPP, according to British media insiders.
Baidu-backed Qeeka Home (Cayman) the company that operates interior design and construction site Qijia, is set to go public on July 12th in Hong Kong.
Lu Cheng, head of Baidu’s Raven Studio has left Baidu a little more than a year after Baidu acquired Beijing-based smart hardware maker Raven Tech.
Airbnb China, also known as Aibiying in China, has invested US$5 million in Beijing-based short-term property management start-up City Home to improve its apartment offering and services.
Alibaba’s financial affiliate Ant Financial has invested an undisclosed amount in subway Wifi provider Peanut Subway, following Tencent’s bid to obtain 49% stake in high-speed train Wifi provider last month.
Chinese on-demand local services firm Meituan Dianping has field for an initial public offering in Hong Kong via submitting an IPO prospectus.
Chinese online market place for classifieds ads 58.com Inc. announced that it had acquired a minority stake of 8.28% in 5I5J Holding Group Co., Ltd, a Shenzhen-listed Chinese secondary and rental brokerage company for RMB1.1 billion (US$164 million) in cash.
Chinese online smart recycling platform Xiaohuanggou announced that it has raised a RMB1.05 billion (US$163.67 million) series A round from Beijing-headquartered asset management firm Zhongzhi Enterprise Group.
Chinese social media giant Tencent Holdings Ltd. is leading a deal to acquire as much as 10% stake in Korean game developer Bluehole Inc. for more than US$500 million, according to a Wall Street Journal report citing insiders.
China’s largest online search engine Baidu Inc. is preparing for its Chinese Depository Receipts (CDR) issuance application, likely to become the first Chinese company that has listed overseas to return to the domestic A-share market, according to Chinese local media citing insiders.
Chinese social media giant Tencent Holdings Ltd and automaker Zhejiang Geely Holding Group have won a joint bid to obtain a 49% stake in High Speed Network Technology Company, which provides WiFi and technology services to high-speed rail customers across China.
Social media giant Facebook Inc has admitted that it shares user data with at least four Chinese companies, including Huawei Technologies Co., Ltd., the Chinese telecommunications company whose products are deemed a security threat by the U.S. government, according to a New York Times report.
Chinese live streaming social media platform YY Inc. (NASDAQ:YY) announced that it has invested an additional US$272 million in series D preferred shares of Singaporean video-based social media platform Bigo Inc., to become the largest shareholder.
Chinese tech giant Alibaba Group Holding Ltd. has led a US$300 million series D round in Xiaohongshu, a social recommendation app for cross-border shopping, valuing the firm at over US$3 billion.
Alibaba’s food delivery unit Ele.me has started using drones to help deliver food, marking the first known commercial application of drones in the food delivery business.
China’s Internet giant Tencent Holdings Ltd has invested RMB1.27 billion (US$199.24 million) in an affiliate of Shenzhen Stock Exchange-listed DHC Software Co., Ltd., according to DHC’s security filing.
Baidu, Inc. (NASDAQ: BIDU) today announced that it has entered into definitive agreements with certain investors relating to the divestiture of its global ad and tools business ("Global DU business"), which provides DU ads and tool apps, including Du Caller, Mobojoy, Photo Wonder and DU Recorder.
In another high-level executive departure, Baidu Inc. today announced that Lu Qi will no longer serve as chief operating officer of the company starting in July 2018. He will continue to serve as vice chairman of the board of directors.
Toutiao has learnt its lesson. Stung by a harsh government crackdown earlier this year, the personalized news app has launched an overhaul of its content and messaging to "shape correct public opinion," according to reports.
Alibaba Group Holding has joined Chinese travel service provider Ctrip.com International, Ltd. to invest RMB400 million (US$63 million) in a series D1 round of financing in Meiweibuyongdeng, a mobile app that helps restaurants better manage their bookings and customer wait times.
China’s live game streaming firm Huya Inc. will price its initial public offering of 15 million American Depository Shares (ADS) on the New York Stock Exchange (NYSE) at US$12 per ADS, according to media reports. If correct, the company will raise US$180 million.
Alibaba Group is continuing its acquisition spree in South Asia with news that it has acquired one of the region’s largest e-commerce platform, Daraz Group.
Michael Zeisser, Alibaba Group Holding’s top dealmaker in the U.S., has left the firm, according to a U.S. media report.
Tencent Holdings has launched its own online document product focused on multi-person collaboration similar to Google Docs, the latest move by the Chinese Internet giant in the office application segment.
China’s e-commerce giant Alibaba Group Holding will invest RMB4.5 billion (US$717.2 million) in Huitongda Network Co., an e-commerce platform serving rural consumers, in a bid to expand its sales outside major cities.