Tristen Langley: Start-ups Within Chinese Internet Companies Generate Great Value

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.

Tian X. Hou: Weibo Will Finally Bolster Sina’s Bottom Line

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 Microblog Internet Users Decline 9% In 2013

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 …

Tencent To Acquire 19.9% Of 58.Com For $736M

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.

Tencent Injects $70M In Healthcare Portal DXY

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.

Tencent Boosts Stake In China South City To 11.55%

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.

Tencent Leads $100M Financing Round For GuaHao.Com

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 …

Tencent, Banyan Capital Lead $15M Series A For Renren Express

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.

Jack Ma, Tencent Lead $588M Investment In Huayi Brothers

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.

Wepiao Completes $105M Series B From Tencent, Wanda

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 To Acquire 14.6% Of Glu Mobile For $126M

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.