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 …
Chinese Firm Buys Into Mobile Game Data Analytics
Chinese mobile marketing platform Mobvista announced that the company will invest USD11.72 million to acquire a 90.01% stake in GameAnalytics, …
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 […]
58.com Acquires ChinaHR.com
Chinese classified information website 58.com announced that the company has acquired the well-known recruitment website ChinaHR.com. However, no financial details were immediately available. On the completion of the acquisition, ChinaHR.com will maintain its independent operation, brand, and team. As a result of the acquisition, Ireland’s Saon Group, former parent company of ChinaHR.com, will withdraw itself […]
China’s Cheetah Mobile Acquires MobPartner For USD58 Million
China’s Cheetah Mobile has acquired the entire stake in the global mobile marketing company MobPartner for USD58 million. The payment will be reportedly realized in cash and stock. Fu Sheng, chief executive officer of Cheetah Mobile, said that by integrating Cheetah Mobile’s large and increasing mobile traffic with MobPartner’s global advertiser resources, leading mobile advertising […]
Letv.com Acquires Full Stake In Huaer Entertainment For CNY900 Million
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 […]
Suning Acquires Group Buying Site Manzuo.com
Suning Commerce Group confirmed that the company will acquire Chinese group buying website Manzuo.com for nearly USD10 million. According to a representative from Suning, as a new business model which integrates online and offline channels, the business has a broad market capability in China. Group buying is a catalyst that promotes the integration of online […]
Vistra expands China operations with ICSME Corporate Services acquisition
Shanghai, China, November 16, 2013 /ChinaNewswire.com – Xinwengao.com/ – Vistra, the fast growing global independent trust and fiduciary firm, announced today the acquisition of ICSME’s corporate services division. Founded in 2007, ICSME is a privately held full-service turnkey market entry service provider for international companies entering the Chinese market. The acquisition of ICSME’s corporate services … >>>
This press release has been syndicated from China Newswire – Social Media Content Marketing Press Releases For China
Tencent May Acquire 15% Stake In Malaysia’s Patimas
Chinese Internet company Tencent may acquire a 15% stake in Patimas Computers, an information communication technology provider in Malaysia.
Tencent Cuts Staff In North American Game Studio
Chinese Internet company Tencent recently completed its staff layout in its North American office, and about 20 employees were dismissed during this adjustment, accounting for 40% of its total employees in North America.
China’s Youku.com Acquires Trade Lead For CNY112.9 Million
According to a 20-F form recently submitted to the U.S. Securities and Exchange commission by the Chinese video website Youku.com, the company has completed the acquisition of a 95% stake in the overseas copyright service provider Trade Lead for CNY112.9 million.
Renren.com To Acquire 56.com For USD80 Million
Chinese social networking site Renren.com has announced plans to acquire the entire stake in 56.com, a Chinese video website, for USD80 million in cash.
China’s Perfect World Acquires Cryptic Studios
Chinese online game developer and operator has announced that it has invested EUR35 million to acquire a 100% stake in Cryptic Studios, an online game developer owned by Atari.
China’s Alibaba Acquires Auctiva
Chinese e-commerce company Alibaba.com has entered into an agreement to acquire Auctiva, a third-party developer of tools for eBay sellers.
Chinese Social Media Software Pioneer Acquired By American Firm
Vocus Inc., the Nasdaq-listed provider of on-demand software for public relations, announced that it has acquired privately-held BDL Media Ltd., a provider of on-demand public relations software and services in China.
Tencent To Acquire Remaining Stake In SZdomain For CNY150 Million
The Chinese Internet company Tencent Holdings Limited has published an announcement, stating that it will acquire the remaining 40% stake in SZdomain, a Shenzhen-based online game developer and operator, for a consideration of over CNY150 million. On the completion of this transaction, Tencent will own the complete stake in SZdomain. Tencent said that it will […]
The9 To Acquire Majority Stake In Red 5 Studios
Days after Chinese online game developer and operator The9’s president announced her departure from the helm of the company, the company has now gone ahead with plans for expansion with the acquisition of an American company.
Focus Media Implements Allyes MBO As Digital Advertising Revenue Plummets In China
Chinese digital media group Focus Media has announced that the company and its subsidiary Allyes will implement a management buyout, acquiring a 38% stake in Allyes for USD13.3 million.