In this episode of China Money Podcast, co-founder of Amalfi Capital, Tristen Langley, talks with our host, Nina Xiang, on Alibaba Group’s US$586 million acquisition of an 18% stake of Sina’s Weibo, her investment firm’s winning and losing bets, and the future challenges facing China’s e-commerce industry. Listen to the full-interview in the audio podcast, watch the shortened video version or read an excerpt below.
Lifestyle online retailer Fab.com closes US$150 million in its initial series D financing from investors including Chinese Internet company Tencent, the New York-based company’s co-founder and CEO Jason Goldberg announced.
In this edition of China Money Network, Tian X. Hou, founder and CEO of T.H. Capital, shares her thoughts on why Qihoo’s stock is just starting a major bull run, why Sina is undervalued and what Baidu should do to advance forward in a mobile world. Listen to the full interview in the audio podcast, watch an abbreviated video version or read an excerpt below. Q: How will China’s economic slowdown impact Chinese overseas listed Internet stocks? A: Not that …
Chinese online travel site Shijiebang says it has completed series A financing. Investors include angel investors led by Yahoo founder Jerry Yang, Fosun Group’s venture capital arm Fosun Venture Capital Investment and U.S.-based ChinaRock Capital Management.
Hong Kong-listed Chinese logistics center developer China South City Holdings Ltd. and Tencent Holdings Ltd. jointly announced that the two companies have entered into an agreement to form a strategic partnership.
China’s Internet users reached 618 million at the end of 2013, up 53.6 million compared with a year ago, according to a new report released by the China Internet Network Information Center. China’s Internet penetration rate stood at 45.8% at year-end in 2013, up 3.7 percentage points compared with 2012. Mobile Internet users hit 500 million, up 80 million from 2012. About 81% of Internet users access the Internet with mobile devices. Mobile video sharing, mobile games and mobile online …
Suzhou, Jiangsu province-based online travel services platform 17u.cn has received RMB500 million ($82.5 million) series C funding from Tencent Holdings‘ Tencent Collaboration Fund, Boyu Capital and Oriza Holdings, according to Chinese media reports.
Shanghai-based Chinese Yelp-like review website Dianping.com says it has received strategic investment from Tencent, according to a company announcement.
Shenzhen-based Android flash tool VROOT has received tens of millions U.S. dollars from Tencent, according to the announcement on the company’s official Weibo account.
Hong Kong-listed television and film production firm ChinaVision Media Group says that Hangzhou-based Chinese e-commerce giant Alibaba Group has agreed to buy a 60% stake in the company for about HK$6.24 billion ($804 million), according to a company announcement.
Wuxi, Jiangsu province-based mobile Internet e-commerce company Mmb.cn has received a new round of financing, raising more than US$200 million, according to media reports.
Shanghai-based real estate services company E-House (China) Holdings Limited says Tencent will acquire from E-House a 15% stake in its wholly owned subsidiary Leju Holdings Limited for US$180 million, according to a company announcement.
Shenzhen-based Chinese Internet services giant Tencent Holdings Ltd. has reached an investment agreement with Beijing-based Internet video company Youku Tudou Inc. to acquire around 20% interest in the company for at least US$300 million, according to Chinese media reports.
Shenzhen-based Chinese Internet services giant Tencent Holdings Ltd. has reached a strategic investment agreement with South Korea’s gaming company CJ Games to acquire a 28% stake in the company for US$500 million, according to a company announcement.
Shenzhen-headquartered Chinese Internet services giant Tencent Holdings Limited is planning to invest in Korean celebrity management agency KeyEast Entertainment Co.,Ltd., potentially taking a 20% stake, according to Chinese media reports.
Chinese internet giant Tencent Holdings has agreed to acquire an 11.28% stake in Beijing-based digital mapping service provider Navinfo Co. Ltd. for RMB1.173 billion yuan (US$187 million), according to a securities filing of Navinfo.
Chinese Internet giant Tencent Holdings Ltd. has spent at least over US$3.5 billion on eight major deals since last September, buying up stakes in gaming companies, logistics, mapping and e-commerce platforms.
Chinese internet giant Tencent Holdings and private equity firm Hony Capital have bought land in Shenzen’s Qianhai economic zone for RMB2.19 billion (US$351 million), according to an announcement of the Shenzhen Real Estate Trading Center.
Chinese Internet services giant Tencent Holdings Ltd. has agreed to invest US$736 million in New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc. to take an approximately 19.9% equity interest in 58.com on a fully-diluted basis, according to a joint announcement.
China’s largest online healthcare community portal DXY, which is short for its Chinese name Ding Xiang Yuan, has received US$70 million series C financing from Tencent Holdings Limited, according to an official announcement. The details of the investment are not disclosed, but Tencent will take a “small proportion” of the company, according to the statement.
Chinese Internet giant Tencent Holdings Ltd. plans to pay HK$822.5 million (US$106.1 million) to increase its take in Hong Kong-listed Chinese logistics center developer China South City Holdings Ltd. to 11.55% from 9.9%, according to a company announcement. Tencent will exercise an option on or before September 30 to purchase 244.8 million additional shares for HK$3.36 apiece, says the statement.
Hangzhou-based online healthcare service provider GuaHao.com has received over US$100 million investment by Chinese Internet services giant Tencent Holdings Limited, according to a company announcement. This is the largest single investment in China’s Internet healthcare sector. No further details of the investment were disclosed. But GuaHao.com will continue to operate independently, says the statement. The investment is part of a wider strategic partnership to be established between the two parties. GuaHao.com will incorporate Tencent’s products such as its Wechat app …
Beijing-based Chinese crowd-sourcing express service platform Renren Express has completed US$15 million series A financing led by Tencent Holdings Limited and Banyan Capital, according to an announcement released on the company’s official Weibo account. The company says that the proceeds will mainly be used to build up its team and improve operations.
Shenzhen-listed movie, television and music production firm Huayi Brothers Media Corp. plans to raise RMB3.6 billion (US$588 million) by issuing 145 million shares at RMB24.83 per share to four Chinese institutions in a private placement deal, according to a securities filing. Hangzhou Ali Venture Investment Co., Ltd., an entity 80% controlled by Alibaba Group Holdings’ founder Jack Ma, with the other 20% held by Alibaba co-founder Xie Shihuang, will subscribe 61.7 million shares for a total of RMB1.53 billion.
The operator of online movie ticket booking services platform Wepiao, Beijing Weiying Technology Co. Ltd., has completed US$105 million series B round of financing from Tencent Holdings Limited, Dalian Wanda Group, and other investors, according to Chinese media reports. Founded in 2014 by Tencent, China Culture Industry Investment Fund, and Bison Capital, Beijing Weiying provides online booking and payment for movie tickets via mobile apps based on Tencent’s Wechat and QQ platforms. It also operates web portal, Wepiao.com.
Tencent Holdings Limited has agreed to acquire approximately 14.6% of San Francisco-based mobile gaming firm Glu Mobile Inc. for US$126 million, further expanding the Chinese Internet firm’s gaming assets globally, according to a company announcement. Tencent is to purchase 21 million shares of Glu’s common stock at a price of US$6.00 per share. The deal, which is structured in two tranches, will be completed in the second quarter this year.
Chinese Internet giant Tencent Holdings Limited has proposed to take NASDAQ-listed online travel service provider eLong Inc. private by acquiring all outstanding shares of eLong not already own by Tencent, according to a company announcement.
Tencent Holdings Limited has teamed up with Chinese real estate developer Evergrande Real Estate Group to launch an O2O (online-to-offline) platform, with the hope to create an Internet + community services giant, according to a joint announcement.
Chinese Internet giant Tencent Holdings Limited announced that it had established Penguin Pictures to lead its movie production effort. Penguin Pictures plans to invest in 10 to 15 movies every year.
China Media Capital (CMC) has launched an investment platform, CMC Holdings, with capital commitments from Tencent Holdings Limited, Alibaba Group Holdings and Suzhou-based private equity firm Oriza Holdings.
Chinese Internet giant Tencent Holdings Limited is to invest US$1 billion in the merged Meituan-Dianping entity, which is the largest on-demand local services provider in China, at a valuation of around US$20 billion, according to media reports.