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.
China’s social media giant Tencent Holdings has led a RMB617 million (US$98.2 million) series A round in Chinese video news platform Pear Video. It marks the latest in a series of recent investments in the video space by Tencent.
Shares of American action camera manufacturer GoPro Inc. jumped 8.8% in New York today on news reports that Chinese electronics and software company Xiaomi Inc. is considering making an offer for the U.S. company.
China’s anti-pornography office has summoned 18 online video streaming and related media companies, including Douyu, Qiqiyi, Huajiao and Toutiao, asking them to strengthen video censorship, according to the authority’s website.
Zhang Yiming, founder and CEO of Toutiao, the US$20 billion unicorn which recommends news and other media contents via algorithm, issued an apology letter at midnight last night after Chinese regulator ordered his firm to shut down its joke app Neihan Duanzi permanently.
Four Chinese news apps, including personalized news recommendation app Toutiao and its rival Tiantian Kuaibao, owned by Tencent, have been removed from Chinese smartphone app stores, as China’s government strengthens online censorship.
Suzhou-based travel B2B platform Ba Zhua Yu Online, or Octopus, has raised a RMB600 million (US$95 million) series C round from Tempus Group, a conglomerate focusing on travel and personal financial services, Ant Financial and CCB International, an investment services firm owned by China Construction Bank Corporation.
Apple Inc. has updated its operating system to enable Chinese passengers to use Apply Pay on the public transportation systems in Beijing and Shanghai, to rival Tencent and Alibaba in mobile payment.
Retail investments benefit Tencent in three ways: mobile payment and related financial services, cloud development and advertisement, according to the tech giant’s Founder and CEO Pony Ma.
Amazon is reportedly in talks to pay US$1 billion dollars to acquire the television production rights to popular Chinese science fiction novel The Three-Body Problem, written by the Chinese writer Liu Cixin. Firstly serialized online in 2006 and published as a book in 2008, the three part novel includes The Three-Body Problem, The Dark Forest and Death’s End. It became one of the best-selling science novels in mainland Chinese history. The story, set against the backdrop of China’s Cultural Revolution, …
Tencent Holdings Ltd has led a pre-IPO investment of more than US$100 million in Chinese personalized news recommendation app Qutoutiao, valuing the start-up between US$1.3 billion to US$1.5 billion, according to local media.
The Australian Defense Department has banned its staff and serving personnel from using Tencent’s social media and messaging app WeChat amid growing concerns over Chinese espionage activities in Australia, according to Australian local media.
China’s bike-sharing firm ofo announced that it has raised US$866 million in equity and debt capital in a funding round led by Alibaba Group Holding Ltd. The deal increases Alibaba’s control over the company and further distances ofo from its major shareholder Didi Chuxing.
China’s second largest retailer JD.com has announced plans to launch an international research and innovation center focused on supply chain management, following the lead of its largest competitor Alibaba, which established a US$15 billion global research and development program DAMO Academy last October.
Chinese live-streaming platform Huya has raised a US$461.6 million series B round of financing led by Chinese Internet giant Tencent. It marks Tencent’s second major investment in the live-streaming market within 24 hours.
Baidu Inc. has launched a quantum computing research center devoted to the research of quantum computing and its applications in Baidu’s various businesses, the firm announced today.
Tencent Holdings Ltd. has invested RMB4 billion (US$632 million) in Douyu, a game and entertainment live streaming platform in China, according to local media reports.
Chinese internet giant Tencent Holdings is making another major investment in the Indian online entertainment sector, with a US$115 million stake in music streaming app Gaana.
Chinese tech giant Baidu Inc. has revealed operating details for its online-video unit iQiyi, Inc. ahead of an upcoming US$1.5 billion initial public offering on the Nasdaq.
China’s largest e-commerce company Alibaba Group is in talks to buy a minority stake Dailyhunt, an Indian news aggregator and e-bookstore backed by Chinese personal news recommendation app Toutiao, according to Indian media.
Chinese tech giant Baidu Inc. has formally proposed listing its online-video unit iQiyi in the U.S. in an initial public offering likely to value the company at up to US$10 billion.
Foxconn Industrial Internet Co., a subsidiary of Foxconn Technology Group, is planning an initial public offering on the Shanghai Stock Exchange to fund eight investment projects in China totaling RMB27.3 billion (US$4.3 billion), according to its IPO prospectus.
The Chinese government is planning additional steps to crack down on cryptocurrency speculation in that country, according to domestic media reports. A series of new regulatory measures will be taken in the coming weeks against initial coin offerings (ICO) and virtual currency transactions conducted in China and abroad, including the possible banning and disposal of domestic and foreign virtual currency exchange websites and related businesses, according to the Financial Times of the People’s Bank of China (PBOC), and reported on …
Cheetah Mobile Inc., a Beijing-based mobile internet company listed on the NYSE, has release a mobile cryptocurrency wallet app called SafeWallet. It’s the latest example of how Chinese companies are cashing in on the digital money boom, despite China’s ban on cryptocurrency trading and initial coin offerings (ICOs).
Beijing Bytedance Telecommunications Co., Ltd., the operator of Chinese personalized news app Toutiao, has announced a content partnership with U.S. social news and entertainment company BuzzFeed. Under the agreement, BuzzFeed’s content will become available to users of Bytedance’s various platforms including Toutiao, TopBuzz, and Xigua Video in China, Japan and other parts of the world.
Chinese Internet security firm Qihoo 360 Technology Co. Ltd. has teamed up with Beijing Cultural Center Fund to established a RMB1 billion (US$150 million) Internet and culture industry-focused fund.
Chris Lai, ex-venture partner at Sinovation Ventures, has moved to Shunwei Capital, a venture capital firm founded by Xiaomi’s founder Lei Jun.
China’s Baidu Inc has teamed up with China Life Insurance Co., Ltd. to jointly launch a RMB14 billion (US$2.12 billion) investment fund to back companies in the mobile Internet, artificial intelligence, fintech and other advanced technology sectors.
Chinese venture capital firm Gobi Partners and private equity fund China Prosperity Capital have led a RMB300 million (US$45 million) series A round in 36Kr Media, a Chinese technology new media unit spun off from parent group 36Kr.
Beijing-based travel service platform Mafengwo has raised a US$133 million series D round from General Atlantic, Temasek, Chinese private equity firm Ocean Link, Chinese venture capital fund Yuantai Changqing fund, and Houpu Investment Management, a private equity firm founded by former Goldman Sachs China Partner Fang Fenglei.