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China Still World’s Largest Gaming Market With USD24.6 Billion Operating Revenue

In 2016, the world’s computer game operating revenue exceeded USD100 billion for the first time and China exceeded America to …

JD Shuts Down Used Goods Platform After Only Four Months

Kumai.jd.com, the second-hand trading platform of JD.com will partially close its e-commerce platform services starting from June 22, 2017. Then …

China’s Kalends To Acquire Additional Stake In Grindr For USD152 Million

Chinese Internet game distributor Kalends plans to invest USD152 million to acquire a 38.47% in Grindr with Kunlun Group as …

Changyou Receives Non-binding Privatization Offer From Chairman

Chinese online game developer and operator Changyou recently announced that the board of the company has received an initial non-binding …

Tencent Music Becomes Exclusive Distributor Of Universal Music In Mainland China

Tencent Music Entertainment Group and Universal Music Group signed a deal under which Tencent Music will become Universal Music’s exclusive …

Tencent May Have Just Defeated Baidu At Its Own Game In China

Baidu is a poorly-executed search engine. But with both government regulations handcuffing its development and lack of competition in China, …

Ctrip Eyes Acquisition Of Swedish Travel Company

Chinese leading Internet tourism services provider Ctrip.com is reportedly considering buying Etraveli AB, an online tourism business of the German …

China’s Gaming Market Scale To Reach USD26 Billion In 2017

The Chinese gaming market scale will reach USD26 billion by the end of 2017 and mobile games will continue to …

Cheetah Mobile’s Live Show Subsidiary Gains USD60 Million Investment

Chinese mobile Internet security company Cheetah Mobile announced that its live show subsidiary Live.me Inc signed a USD60 million fund …

JD.com Will Now Sell Tires Online

Chinese B2C e-commerce provider JD.com and German tire brand Continental announced a strategic deal to sell tires to e-commerce consumers. …

Netflix Finally Finds Partner In China

American video website Netflix has reached a content licensing agreement with the Chinese video website Iqiyi.com. Netflix is an American …

Sohu Closes Internet Forum Service Tomorrow

Sohu’s community forum service, which was launched in 1999 in China, will officially close on April 20, 2017. Sohu is …

Didi Chuxing Launches Female Career Development Plan In China

On the heels of its American partner Uber ensconced in controversy of its treatment of women, Chinese ride-share company Didi …

China’s Tencent Becomes Largest Gaming Company In The World

China’s Tencent Games achieved operating revenue in 2016 of USD10.2 billion, a year-on-year increase of 17%, which makes it the …

Alibaba’s Mobile Advertising Income Reached USD11 Billion In 2016

Chinese e-commerce giant Alibaba Group realized USD11 billion mobile advertising revenue in 2016, accounting for 40.3% market share in the …

China’s ZTE Uses Crowdfunding To Launch Eye Tracking Phone

Chinese telecom device maker ZTE will reportedly launch its new smartphone product via an unusual channel: the crowdfunding platform Kickstarter. …

QQ Music Announces Business Restructuring, Personnel Changes

Chinese Internet company Tencent announced business restructuring and personnel changes for its QQ music business line. The company revealed that …

Snapchat Sets Up Office In Shenzhen

Snapchat’s parent company Snap Inc. has reportedly built a research and development team in mainland China. Though users are not …

Starbucks Teams With Tencent To Deploy WeChat Payment In Mainland China

Starbucks and Tencent have formed a strategic partnership to deploy WeChat payment in Starbucks stores in mainland China. Starting from …

Global Gay Social Network Gains Shanghai Investment

HornetOne of the world’s largest social networks aimed at homosexual men just raised funding from a Shanghai firm. Shanghai-based venture …

Yixia Tech’s Latest Cash Infusion Will Spur Social Media Videos

MiaopaiShort videos are becoming a mainstay of Chinese social media, especially on Weibo.com. A new investment in the company behind …

Avaya Reaches Strategic Cloud Communications Deal With Tencent

mobile advertisingAvaya (Shanghai) Enterprise Management Co., Ltd. and Tencent Cloud Computing (Beijing) Co., Ltd. signed a strategic cooperation agreement to implement …

EMS Links Its Courier Network To Tencent’s Messaging Services

WeChat and EMSChina Postal Express & Logistics Company Limited announced that they have reached a full strategic cooperation with the Chinese Internet …

Me Too! Simtoo Gains Drone Funding In China From Renren

Simtoo droneSimtoo, a Shenzhen-based drone manufacturer, has reportedly closed a RMB72 million funding round. Chinese social networking company Renren Inc co-led …

China’s Renren To Separate Video Social Platform

Renren.com screenshotChina’s social networking and Internet financial company Renren announced plans to separate its newly established subsidiary named SpinCo. SpinCo will …

Chinese Healthcare Entrepreneur Passes Away

Zhang RuiSad news for technology watchers during the Golden Week holiday: tech startup and former editor Zhang Rui has passed away. …

JD, Toutiao Reach Strategic Online Deal

ToutiaoChinese B2C e-commerce website JD.com and social media content platform Toutiao.com announced that the two parties have reached a strategic …

Wanda Group Awakens Social Media With We-Media Coalition

Wanda We-media CoaltionChina-based Wanda Group announced that they will cooperate with 100 social We-media providers to establish the “Wanda We-media Coalition”. This …