Chinese B2C e-commerce website JD.com and China Post Group have reached a strategic deal to jointly develop an e-commerce platform targeting cities below third-tier size in China. With the cooperation, JD.com will provide various products, including PCs, digital products, home and kitchen supplies, and cosmetics, for China Post’s “people-benefit project”. Those products will reach 13 […]
During the first half of 2014, the number of adults using the mobile Internet in Taiwan reached 9.87 million. The Taiwan Network Information Center published a report on the broadband network usage in Taiwan in 2014, which said that over the past three years, Taiwan’s Internet growth rate maintained a rate of over 70% and […]
American mobile game developer Kabam announced that the company has gained a USD120 million investment from Alibaba Group. Kabam said in a statement that the funding will help the company realize growth and Alibaba will assign an executive to join the board of directors at Kabam. Kabam’s valuation reached over USD1 billion during this round […]
With a newly-minted IPO under its belt, Chinese e-commerce giant JD.com Inc. announced today that is now taking pre-orders for Microsoft’s Xbox One gaming console. As part of an agreement between the companies, JD.com will have the exclusive right to accept pre-orders for Xbox One in China from July 28-30, 2014, through JD.com’s Mobile QQ […]
According to data from the Beijing Administration for Industry and Commerce, Letv has registered a new company named Letv Mobile Smart Information Technology (Beijing) Company Limited, with registered capital of CNY20 million. The business scope of this new company covers production and development of mobile phones and sales of communications devices, electronic products, mechanical equipment, […]
Cheetah Mobile, a subsidiary of Kingsoft, announced that the company has reached an agreement with Zoom Interactive, a Hong Kong online marketing company, on a full acquisition for USD30 million. The USD30 million consideration will reportedly include USD20 million in cash and about USD4 million in Cheetah Mobile restricted class A ordinary shares. In addition, […]
Chinese third-party Internet payment company Alipay revealed that the company has reached a deal with South Korean website Lotte.com to provide a RMB payment channel to Chinese users who shop on the website. Furthermore, the products purchased on the website will be directly shipped from South Korea to China. Lotte.com and the Lotte duty free […]
Chinese smartphone maker Xiaomi has launched its new domain name Mi.com, and users will be re-directed to this domain when visiting the old one at Xiaomi.com. According to domain record information, the current holder of Mi.com is Xiaomi and the information updated date is April 21, 2014. Xiaomi reportedly spent over USD1 million on this […]
The network security safeguard team of the Beijing Municipal Public Security Bureau and the Chinese Internet security company Qihoo 360 jointly announced they will establish a network security anti-fraud initiative. The initiative’s official website at Fanzhapian.360.cn has officially started operation. Meanwhile, Ye Manqing, director of the network security safeguard team, announced that with the approval […]
Chinese telecom operator China Mobile announced its annual results for 2013 in Hong Kong, and those financial numbers did not impress. During the entire year of 2013, China Mobile’s operating revenue was CNY630.2 billion, a year-on-year increase of 8.3%; but its net profit was CNY121.7 billion, a year-on-year decrease of 5.9%. This is reportedly the […]
The People’s Bank of China has issued an emergency alert to stop the use of virtual credit card products as well as two-dimensional code payments that are often used with mobile devices. Chinese Internet companies like Alipay and Tencent previously launched such services. However, neither company has given any comment on the situation. The emergency […]
Chinese Internet video company Letv.com is buying a 100% stake in Dongyang Huaer Entertainment Media Co. Ltd. for CNY900 million. After the acquisition, Liu Hong, chief executive officer of Letv.com, will become chairman and general manager of Huaer Entertainment. Liu will control the operating planning and business direction of the company to realize its coordination […]
In the face of massive competition from state-owned businesses, stalwarts like Youku Tudou, and mobile-only start-ups, Chinese Internet video website Letv.com says it’s profits are bursting. Letv.com published its unaudited annual performance pre-announcement for 2013, stating that the company expects to see net profit between CNY250 million and CNY270 million, a year-on-year increase of 30% […]
Chinese search engine company Baidu announced that the company has signed an agreement with Renren.com to acquire an additional stake in Nuomi.com held by Renren, making Nuomi.com a fully-owned subsidiary of Baidu. The deal is expected to be closed in the first quarter of 2014. In Mandarin Chinese, “nuomi” means “sticky rice”. Launched on June […]
More than a decade after the website sunk into oblivion, the new owners of the China.com domain name are hoping an international revival will grab users back to the site. Guoguang Global Media Holdings Limited, the industrial management platform of China Radio International, recently announced growth plans for its acquired business, China.com. Founded in May […]
Wang Yong, chief executive officer of DeNA China, announced in an internal email that he will resign his position as CEO at the end of January 2014. Wang also said after his resignation, Ren Yi, vice president of DeNA China, will take control of the China business. This has reportedly all been confirmed and decided […]
Chinese B2C e-commerce website JD.com announced the launch of its free instant messaging product “Jingdong Dongdong” for individual users. This product is mainly used for communications between individual users. It also has a customer service consulting function. JD.com previously released the PC beta version of this product and the one launched this time is an […]
Sina.com and Alipay.com announced that the two parties will realize full intercommunication between Sina Weibo and Alipay accounts to provide convenient Weibo payment services to users in China. With the cooperation, users will be able to complete online payments on the Weibo microblogging platform as well as use for offline daily retail consumption with the […]
Zhu Shunyan, chief operating officer of China-based UCWeb, revealed during the Global Mobile Game Development Trend Summit that they have acquired PP Assistant and integration will soon be completed. Zhu did not disclose any financial details of the deal involving Teiron Network Technology, parent of PP Assistant. In October 2013, rumors swirled that UCWeb would […]
Microsoft has formed a partnership with Guangming Founder, which will operate Skype for Microsoft in mainland China. Founded in 2011, Guangming Founder is a joint venture between Gmw.cn and Founder, a Chinese computing company. The company mainly focuses on developing mobile new media businesses. Financial terms of the deal were not revealed. According to Microsoft, […]
Chinese telecom operator China Mobile is trying to generate buzz around its new business brand “And” that launches on December 17, 2013. The new brand is reportedly formed by a green English word “And”, an exclamation mark, and a pink Chinese character “He” 9which means “and’ in Mandarin), which aims to create an image of […]
China’s Internet consumption maintained rapid growth and the 3,000 retail enterprises monitored by China’s Ministry of Commerce realized a year-on-year increase of 34.7% in the Internet sales sector from January to September 2013. Mofcom predicted that during the first three quarters of 2013, the Internet consumer retail sales would reach CNY1.3 trillion, which is equal […]
Twitter’s just-released initial public offering prospectus shows China is still an important deficit in its global growth strategy. In Twitter’s F-1 IPO statement, the company said it is raising USD1 billion, which is largely a pro forma number until the company calculates fees and eyes its roadshow. The company recorded USD317 million in revenue in […]
Chinese online media portal and mobile value-added services firm Sina Corporation announced its unaudited financial results for the quarter ended March 31, 2010, and stated its net revenues grew 15% year-on-year.
