Latest News
ZTE, JD Form Strategic Partnership For Marketing
ZTE and JD Group announced the signing of a strategic cooperation agreement in New York under which the two parties …
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 …
Nintendo, Tencent Reach Deal For Arena Of Valor
Japan’s Nintendo reached an agreement with China’s Tencent to launch Tencent’s popular game “Arena of Valor” on Nintendo’s Switch this …
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 …
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 …
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
One 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
Short 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
Avaya (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
China 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, a Shenzhen-based drone manufacturer, has reportedly closed a RMB72 million funding round. Chinese social networking company Renren Inc co-led …
Tencent May Have Just Defeated Baidu At Its Own Game In China