Chinese Healthcare Entrepreneur Passes Away

Zhang RuiSad news for technology watchers during the Golden Week holiday: tech startup and former editor Zhang Rui has passed away. …

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momoChinese mobile social networking firm Momo Inc. says an investor group including chairman and CEO Tang Yan has withdrawn its …

Net Losses For’s Online Classifieds Business

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

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. … Acquires

Chinese classified information website announced that the company has acquired the well-known recruitment website However, no financial details were immediately available. On the completion of the acquisition, will maintain its independent operation, brand, and team. As a result of the acquisition, Ireland’s Saon Group, former parent company of, will withdraw itself […]

Facebook Hits The Same Wall As Apple In China

The leaders of Facebook and Apple were in China this past week on separate missions with the same goal: gain better transparency and more access to the Chinese market. Facebook’s Mark Zuckerberg was in Beijing for an event at a local university, and Apple’s Tim Cook met with Chinese Vice Premier Ma Kai to review […] Announces Major Executive Changes

Chinese classified information website announced its latest executive team structure, covering strategy, sales, business development, and marketing. Former Alibaba executive Chen Guohuan has been appointed chief operating officer of; former Taobao executive Zhu Xiaoping has been appointed vice president of’s channel department; and former Alibaba B2B business unit executive Wang Zhenghong has […]

Xbox One Starts China Sales Via’s Social Media Channels

With a newly-minted IPO under its belt, Chinese e-commerce giant Inc. announced today that is now taking pre-orders for Microsoft’s Xbox One gaming console. As part of an agreement between the companies, will have the exclusive right to accept pre-orders for Xbox One in China from July 28-30, 2014, through’s Mobile QQ […]

South Korea’s Inks Internet Payment Deal With China’s Alipay

Chinese third-party Internet payment company Alipay revealed that the company has reached a deal with South Korean website to provide a RMB payment channel to Chinese users who shop on the website. Furthermore, the products purchased on the website will be directly shipped from South Korea to China. and the Lotte duty free […]

Sina Weibo Started Making Profits In Late 2013

Sina’s financial report for the fourth quarter and the entire year of 2013 stated that its Weibo microblogging service realized a first-time operating profit of USD3 million in the fourth quarter of 2013. Sina Weibo also reportedly plans to launch IPO at the New York Stock Exchange in the second quarter of 2014. According to […]

Alibaba Makes Additional Investment In ShopRunner

ShopRunner, an American online shopping company and competitor to Amazon, has gained investments of USD206 million in the latest financing round, which is reportedly led by China’s Alibaba Group. This represents a major U.S. move for the Chinese e-commerce group, who is considering an initial public offering in the country. Prior to this, Alibaba already […]

Twitter’s IPO Showcases Chinese Growth Hurdles

Twitter’s just-released initial public offering prospectus shows China is still an important deficit in its global growth strategy. In Twitter’s F-1 IPO statement, the company said it is raising USD1 billion, which is largely a pro forma number until the company calculates fees and eyes its roadshow. The company recorded USD317 million in revenue in […]

Xunlei Partners With China Construction Bank For Pre-IPO Financing

Chinese Internet company Xunlei has formed a strategic partnership with China Construction Bank’s Shenzhen branch to gain a CNY10 billion loan and a customized capital management program for Xunlei over the next three years. Luo Lan, vice president of Xunlei, said that the cooperation aims to provide financial security for Xunlei’s rapid expansion, enhance the […]

Guoguang Buys

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 to Guoguang Global Media Holdings Limited for a paltry HKD90.8 million.

With China’s Travel Sector Possibly Depressed, What Will Do With Investment Money?

With worries that the new bird flu outbreak could constrict the Chinese travel sector, tourism company has plowed ahead and closed its latest investment round, gaining USD57 million from, Hillhouse Capital, and GGV Capital.

Chinese Company YY Submits IPO Application In U.S.

Chinese social networking VoIP company YY Inc. is tempting fate with its just-submitted initial public offering application to the U.S. Securities and Exchange Commission.

China’s Launches Overseas Service In Potential IPO Move

With an eye towards a potential overseas initial public offering, Chinese B2C e-commerce website has started the public beta testing of its English-language website, directly selling products to overseas buyers.

UCWeb CFO: UCWeb To Launch IPO In 2013

Roy Rong, chief financial officer of Chinese Internet company UCWeb, revealed during an interview in Bloomberg’s office in San Francisco that the company plans to launch its initial public offering in 2013.

China’s Reports Semi-annual Sales Of CNY1.916 Billion

Chinese group buying website published its latest sales statistics, claiming that the company achieved sales of CNY440 million in June 2012.

Internet Death Knell As Group Discount Buying Websites Merge In China, a Chinese group buying website, and, the joint venture between Tencent and Groupon, have reportedly completed their merger and integration, and the new company will be led by Lin Ning from

AdChina’s IPO Reveals Worries Of Foreign Investment In Chinese Internet Sector

AdChina Ltd., an Internet advertising company in China, has issued its draft prospectus for an eventual initial public offering of its Cayman Island entity on Nasdaq under the symbol ADCN.

China’s Tudou Disappoints On First Day Of Trading

Tudou means potato in Mandarin Chinese, and online video website’s market debut today showed the company was more of a couch potato as it lazily watched its overvalued aspirations sink on the first day of trading.

China’s Readies IPO After Settling Executive’s Marital Lawsuit

Chinese online video website has updated its filings with the U.S. Securities and Exchange Commission for a planned initial public offering this week.

China’s Xunlei Preps Tech IPO Plans In The USA

China-based Xunlei Limited, a digital media content platform, announced it plans to sell 7.6 million American Depositary Shares in its initial public offering on Nasdaq. Loses Less Money In China

Chinese Internet social networking platform Renren Inc. announced its unaudited financial results for the first quarter ended March 31, 2011, and the company says it’s not losing as much money as before.

China’s Reinvigorates IPO Plans As CEO Settles Marital Dispute

Amid a thunderous drop in Chinese companies’ market capitalization in recent weeks, has filed an amendment to its filing for an initial public offering in the United States to raise money for its online video operations in China.’s Pre-IPO Problems May Not Move China Investors To Run Run

In China all media is social, so Chinese Internet social media and social networking website’s initial public offering planned in a few hours should be smooth sailing. However, the departure of a company director over the weekend and recent inconsistencies in its statistics have caused concern for investors.

China’s Phoenix New Media Announces IPO Plans

Chinese online news and video media service Phoenix New Media Limited filed its F-1 statement with the United States Securities and Exchange Commission in a bid to raise up to USD200 million in an initial public offering.