Tag: "Business"

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Tencent Creates Advertising Division In Silicon Valley

Chinese Internet company Tencent is establishing a new advertising division in its Palo Alto office to provide services to American …

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Former Sina Weibo CFO Joins Baidu

Chinese search engine company Baidu announced that Yu Zhengjun, former chief financial officer of Sina Weibo, has joined Baidu as …

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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 …

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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 …

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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 …

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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 …

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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 …

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Alibaba Ups Stake In Chinese Microblogging Site

Social Media in ChinaIs Alibaba Group Holding Ltd. planning a takeover of Sina.com’s Weibo microblogging service? The e-commerce behemoth just acquired another three …

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China To Tighten Control Of News Sites With Stricter Rules

Chinese government national emblem sealChina intends to further tighten control over the country’s digital news and content websites with stricter requirements, after several earlier …

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Momo Cancels Go-Private Deal To Focus On Live Short Video

momoChinese mobile social networking firm Momo Inc. says an investor group including chairman and CEO Tang Yan has withdrawn its …

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Beibei.com Raises Investment Aimed At China’s Population Boom

babyChinese maternal and baby supplies e-commerce platform Beibei.com completed its fourth round financing of USD100 million. Its investors included well-known …

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Telstra Appoints New Chairman For Autohome

Cynthia WhelanAustralia-based Telstra has appointed Cynthia Whelan as new chairman of Autohome.com.cn, a Chinese automobile website. Autohome’s former chairman Timothy Chen …

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China’s Baidu Misses Expectations As Net Profit Crashes 18.9%

Baidu mobile appChinese search engine company Baidu published its unaudited financial report for the first quarter ended March 31, 2016, stating that …

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Censorship Is LinkedIn’s China Friend As It Boasts User Milestone

LinkedIn Censorship in ChinaShen Boyang, LinkedIn’s global vice president and China president, said that the company’s number of users in China has surpassed …

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Net Losses For Baixing.com’s Online Classifieds Business

online classifiedsChinese classified information website Baixing.com released its first annual financial report after its IPO, and the company’s operating revenue in …

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Who Knew Chinese Food Delivery Could Get So Big?

takeoutNow that Ele.me’s agreement with Alibaba and Ant Financial for a combined USD1.25 billion investment is signed, the company has …

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Alibaba Invests USD1 Billion To Control Southeast Asia E-commerce Leader

Asian E-commerceAlibaba Group announced that they will invest USD1 billion to subscribe a controlling stake in Lazada, including about USD500 million …

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China Can Be Deadly For Foreign E-commerce Firms

Asos.cn websiteAsos, a leading fashion e-commerce operator in Great Britain, announced plans to end its China business after less than three …

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China’s Xiaomi Eyes Bollywood With Latest Investment

Bollywood musicChinese smartphone maker Xiaomi recently led the investments of USD25 million in Hungama Digital Media Entertainment, an online music and …

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China.com Finds New Buyer For CNY150 Million

China.com ScreenshotChina.com, the first big tech IPO from China and one-time darling of netizens of Beijing in the late 1990s before …

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China’s Youzu.com Acquires German Game Maker For CNY580 Million

FarmeramaYouzu.com announced that its wholly-owned subsidiary Yousu GmbH signed a share purchase agreement with Germany’s Bigpoint Investments GmbH, aiming to …

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Lenovo Begins Major Business Reshuffle Next Week

LenovoIt probably hurts to be a manager at Lenovo today. Nearly all of the company’s business groups face upheaval in …

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Facebook’s Founder Loses Face While Catching Breath In Beijing

Mark ZuckerbergMark Zuckerberg, the American founder of Facebook, jogged in Beijing this week. And it caught everybody’s attention. Chinese social media …

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Chinese Internet Recruitment Business Names New Chairman

recruitmentChinese Internet recruitment website Zhaopin.com announced Peter Everingham, managing director of SEEK International, is the company’s new chairman of the …

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China’s Ali Music Rubs Elbows With Baidu In Korea

kpopAli Music Group, the music branch of Alibaba Group, announced that they will implement a music and e-commerce business cooperation …

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Le Sports Appoints CTO While Adding Sports Video Business

sports TVLe Sports, the sports business platform of Letv.com, announced that the company has acquired the entire stake in Zhangyu TV, …

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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 …

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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 …