Chinese Internet game distributor Kalends plans to invest USD152 million to acquire a 38.47% in Grindr with Kunlun Group as …
Don’t believe anyone who says Alibaba.com’s founder Jack Ma doesn’t intend to upset the status quo and sense of stability …
Youzu.com announced that its wholly-owned subsidiary Yousu GmbH signed a share purchase agreement with Germany’s Bigpoint Investments GmbH, aiming to …
Le Sports, the sports business platform of Letv.com, announced that the company has acquired the entire stake in Zhangyu TV, …
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 […]
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 […]
Hong Kong-listed B2B e-commerce platform Hc360.com announced that the company plans to invest CNY120 million to acquire several clothing vertical websites. According to an acquisition letter of intent submitted by Hc360.com to HKEx, the company plans to acquire an 80.38% stake in Zhejiang Zhongfu Network Technology for CNY120.57 million. Zhejiang Zhongfu Network Technology mainly provides […]
Alibaba has agreed to sell four of its American e-commerce assets to U.S.-based social shopping platform OpenSky. Alibaba will give OpenSky 11main.com, Auctiva, Vendio and SingleFeed in exchange for about a 37% stake in OpenSky. No financial details or exact timing on the deal are yet available, according to reports in foreign media. 11main.com is […]
Chinese search engine company Baidu announced that they will acquire a controlling stake in popIn, a native advertising company in Japan. According to the terms of the transaction, popIn’s existing management team will be able to independently operate its businesses within the enterprise architecture of Baidu. On the completion of the acquisition, Baidu’s advertising platform […]
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 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 […]
If China’s top Internet search engine controls Chinese literature the way it delivers Internet search results, be prepared for Baidu.com to censor, misrepresent, and deliver books to Chinese readers in a way only a book-burner could love. Baidu is now extending its government-influenced Internet monopoly into the Chinese literature sector. Baidu Literature announced its establishment […]
Cheetah Mobile, a subsidiary of Kingsoft, announced that the company has reached an agreement with Zoom Interactive, a Hong Kong online marketing company, on a full acquisition for USD30 million. The USD30 million consideration will reportedly include USD20 million in cash and about USD4 million in Cheetah Mobile restricted class A ordinary shares. In addition, […]
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 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 […]
Chinese search engine company Baidu announced that the company has signed an agreement with Renren.com to acquire an additional stake in Nuomi.com held by Renren, making Nuomi.com a fully-owned subsidiary of Baidu. The deal is expected to be closed in the first quarter of 2014. In Mandarin Chinese, “nuomi” means “sticky rice”. Launched on June […]
More than a decade after the website sunk into oblivion, the new owners of the China.com domain name are hoping an international revival will grab users back to the site. Guoguang Global Media Holdings Limited, the industrial management platform of China Radio International, recently announced growth plans for its acquired business, China.com. Founded in May […]
Zhu Shunyan, chief operating officer of China-based UCWeb, revealed during the Global Mobile Game Development Trend Summit that they have acquired PP Assistant and integration will soon be completed. Zhu did not disclose any financial details of the deal involving Teiron Network Technology, parent of PP Assistant. In October 2013, rumors swirled that UCWeb would […]
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 … >>>
Starting November 24, 2013, Microsoft will take over Skype’s business in the China region. Tom-Skype, the business unit within China-based TOM Online Inc. that has run Skype’s business for many years, published a report on its official website to announce the handover. The report also revealed that so far Tom-Skype has gained over 100 million […]
Perhaps as a sign of the sinking values of Chinese Internet businesses, CDC Corporation, a portal website operator, media and exhibition organizer, has sold its Internet portal business China.com to Guoguang Global Media Holdings Limited for a paltry HKD90.8 million.
Chinese Internet company Tencent may acquire a 15% stake in Patimas Computers, an information communication technology provider in Malaysia.
Chinese Internet video company Youku-Tudou Group and Chinese social networking website Renren.com have formed a strategic partnership for platform and resource sharing.