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Chinese Millennials Targeted In Social Media Music Investment

musicChina’s Enlight Media will invest USD30 million to acquire a 20% stake in Coveredge (Cayman) Inc. Coveredge’s major product is …

China’s JD.com Expands Operations To Russia

Russian E-commerceVictor Xu, JD’s president for international business unit, said during an interview that the company will soon launch a brand …

Linekong Grabs Hong Kong Mobile Game Stake

HKD investmentChinese mobile game developer and operator Linekong announced a strategic investment in Hong Kong mobile game developer and distributor Gameone. …

Consumer Complaints Cause China’s Major Airlines To Dump Qunar.com

Hainan Airlines, China Southern Airlines, and Hainan Airlines’ Beijing Capital Airlines announced that due to large amount of consumer complaints, the three companies decided to close their flagship stores on Qunar.com. All the three airlines said that they received too many complaints, including overcharging fees for refunds or changes; adding extra prices when selling tickets; […]

WeChat Amps Up Competition With New Phone Call Function

China’s WeChat, the instant messaging app by Tencent, has Facebook’s WhatsApp, Japan’s Line, and Microsoft’s Skype service in its sights …

Ctrip.com Invests USD180 Million In Indian Peer

Chinese Internet tourism service provider Ctrip.com announced that the company will invest USD180 million in Indian online tourism company MakeMyTrip …

Another Merger Within China’s Internet Travel Sector

Chinese online tourism service provider Ly.com announced a full acquisition of Shanghai Meichen International Travel Service Co. Ltd. This is reportedly the second Chinese travel agency acquired by Ly.com over the past two months. The first one was Nantong Huihuang International Travel Service Co. Ltd. Founded in 2005, Shanghai Meichen International Travel Service is a […]

China’s Gaming Market Revenue Reached CNY140.7 Billion In 2015

China’s online gaming users reached 534 million in 2015, a year-on-year increase of 3.3%, according to the latest report from a trio of game watchers. During China’s Game Industry Annual Conference 2015, the Game Publishers Association Publications Committee of the China Audio-video and Digital Publishing Association, Gamma Data, and IDC jointly published their “2015 Report […]

Heyi Group Forms Entertainment JV With The9 In China

Heyi Group, formerly known as Youku Tudou Group, and The9 announced that the two parties had signed an agreement to build a joint venture. With the name of “Jiuhe Digital Entertainment Company”, the new JV will be engaged in the development, production and distribution of gaming-related cultural entertainment content, including movies, Internet shows, Internet entertainment […]

Alibaba’s South China Morning Post Purchase Puts Focus On News Coverage

Chinese e-commerce boss Jack Ma is emulating America’s Amazon.com boss Jeff Bezos, who recently purchased The Washington Post, by purchasing his own media empire in Hong Kong, the South China Morning Post. Alibaba Group Holding Limited says it has entered into a definite agreement to acquire the South China Morning Post and other media assets […]

Chinese Matchmaking Website To Acquire Its Peer

Nasdaq-listed Chinese online dating website Jiayuan.com announced a merger with its peer Baihe.com. With this deal, Baihe.com will acquire Jiayuan’s American depositary shares and ordinary shares for consideration of between USD240 million and USD250 million. On the completion of the acquisition, Jiayuan will be delisted from Nasdaq. In addition, Wu Linguang, chairman and chief executive […]

While Blocked In Mainland China, Facebook Heads To Taiwan

Taiwanese government officials revealed that Facebook plans to build a data center in Changhua, Taichung. Commenting on the news, Facebook confirmed that they did find a suitable location in Taiwan to build a new data center; however, they have not yet made the final decision. The government officials from Changhua said that Facebook hired a […]

Suning Appoints New CEO (Yet Again) For PPTV

PPTV’s employees have received an appointment notice stating that Mi Xin will become new president and chief executive officer of PPTV, according to an insider from the company. Since being acquired by Suning in 2013, PPTV’s CEO has changed three times. The notice included three appointments. Fan Zhijun was appointed chairman of management committee of […]

Cheetah Mobile Forms Partnership For Native Ads With Yahoo

Chinese Internet and mobile Internet security company Cheetah Mobile announced a strategic deal with Yahoo for mobile search and native advertising platform partnerships. With the cooperation, Cheetah Mobile will integrate Yahoo’s “search in Apps” function into its various products, which will allow its users to enjoy Yahoo’s latest Buzz search tool as well as other […]

HNA Invests USD500 Million In Tuniu.com

Chinese Internet tourism services provider Tuniu.com officially confirmed that Hainan Airlines Tourism Group has made a USD500 million investment in the company. On the completion of the transaction, Hainan Airlines Tourism Group will become the largest shareholder of Tuniu.com with about 24.1% of the shares. Tuniu announced in May 2015 that the company received total […]

China’s Baidu Is Increasing Its Indian E-commerce Exposure?

Chinese search engine company Baidu reportedly plans to acquire a controlling stake in Mydala.com, a leading e-commerce platform for discounted products in India. According to reports in Indian local media, Baidu expressed an intention to acquire a majority stake in Mydala.com and the investment can reach up to USD100 million, which is about CNY630 million. […]

Fake Goods Kill Chinese E-commerce Hope

The sale of fake and counterfeit goods in China has finally ended the services of a major online shopping service. Chinese B2C e-commerce operator JD.com announced that they will stop services at Paipai.com on December 31, 2015, and after a three-month transition period the website will be completely shut down by April 1, 2016. Paipai.com […]

What Chilling Effect Would Alibaba’s Investment Have On Free Media?

The e-commerce giant Alibaba Group is reportedly planning a newspaper investment in Hong Kong’s South China Morning Post, according to multiple reports in Chinese local media. However, neither side has commented on or verified the news. South China Morning Post is reportedly the largest English-language newspaper in Hong Kong, with a circulation of about 110,000 […]

Chinese E-Commerce Eyes Stability During Year’s Biggest Shopping Day

In the West, today is the remembrance of the end of World War One. But in China, November 11 is Singles’ Day and the entire country has prepared for an online sales onslaught. In 2014, Alibaba posted more than USD9 billion in sales on China’s Singles’ Day. And this year rivals JD.com and Suning hope […]

HP Stops O2O Photo Printing Service In China

HP’s online-to-offline printing service in China has closed. Prior to this, the O2O printing service had been terminated in four countries, including India. According to a report on the official website of Kachayu.com, due to company business adjustments, Kachayu has shut down all businesses in China. However, the uploaded pictures will be maintained and users […]

Why Is China Mobile Forming An Internet Company Now?

China Mobile’s Internet subsidiary named China Mobile Internet Business gained its business license on October 30, 2015, and has begun formal operations. But why is China’s largest mobile carrier forming an offshoot company solely focused on Internet services now? China Mobile president Li Yue revealed at the end of 2012 that the behemoth would establish […]

Uber Drives Chinese Operating Center To Wuhan

Uber China announced that the company will invest CNY63 million to build an operating center in the Wuhan East Lake High-tech Development Zone. This is Uber’s first major operating center outside North America. Meanwhile, it boasts the largest area and highest investment for the company. According to Uber, this new operating center will be an […]

Baidu Helps Consummate 3-Way Travel Deal In China

After dancing around each other for years, a deal today marries two of China’s top travel websites. Chinese travel company Ctrip.com International, Ltd. completed a share exchange transaction with search engine Baidu, Inc. in which Baidu has exchanged 178,702,519 Class A ordinary shares and 11,450,000 Class B ordinary shares of Qunar Cayman Islands Limited beneficially […]

China’s Dianping.com Expands Into Singapore

Chinese classified information site Dianping.com has inked a strategic deal with Singapore Tourism Board to provide various services to Chinese tourists visiting Singapore. The two parties will combine resources to cover dining, hotel, traveling, sightseeing, shopping and entertainment. Dianping.com will integrate information from tens of thousands of Singapore vendors, providing tickets of over 60 popular […]

Alibaba Tries To Find The Best Way To Manage Its Growth

With its stock price dropping in the U.S., Alibaba Group announced plans to launch a dual-city operations strategy to better manage its varied assets. The company will base itself in Hangzhou and Beijing dual-center strategy. Beijing will be its base camp to promote its strategy execution and business development in the northern areas of China. […]

Alibaba Continues Testing Streaming Video Service

Alibaba has started testing its streaming video service named Tmall Box Office, which is a Netflix-style subscription video service. The monthly subscription for the service costs CNY39 and the annual subscription is CNY365. Alibaba revealed in June 2015 that the company would launch an online streaming video service which will include Chinese and foreign movies […]

Legend Holdings Invests In Chinese Social Mobility Company

Legend Holdings announced a USD58.5 million strategic investment in Social Touch, a corporate mobile social marketing solutions provider in China. Social Touch, which was formerly known as ShiquTech, was established in 2011. As a social management system, service and data solutions provider, the company mainly focuses on providing Social CRM solutions to enterprises. Commenting on […]

Tmall.com Teams With Oil Giant For Mobile Payments

Chinese B2C e-commerce platform Tmall.com and China National Petroleum Corporation’s Hunan branch will integrate their resources to launch a mobile payment service model. Tmall.com, which is a subsidiary of Alibaba, said that the company will integrate Alibaba’s ecosphere to help CNPC Hunan implement an “Internet Plus” transformation that includes an online store, mobile payment, big […]