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 …
CNY2 Billion Deal Amps Up Chinese Smartphone’s Appeal
Chinese mobile phone retail channel provider D.Phone and Letv have reached a strategic deal with total value of CNY2 billion. …
Suning Appoints New CEO (Yet Again) For PPTV
PPTV’s employees have received an appointment notice stating that Mi Xin will become new president and chief executive officer of PPTV, according to an insider from the company. Since being acquired by Suning in 2013, PPTV’s CEO has changed three times. The notice included three appointments. Fan Zhijun was appointed chairman of management committee of […]
Uniqlo Closes Chinese Internet Shopping Retail Site
Days after a sex video filmed in Uniqlo’s Beijing store blew up the Chinese Internet, the Japanese apparel retailer says it has closed its flagship store on JD.com. The store was shuttered on July 20, 2015, after only three months of operation. On April 8, 2015, Uniqlo and JD signed a cooperation agreement and Uniqlo’s […]
Suning Appoints Management Committee Chairman For PPTV
China’s Suning announced plans to increase its strategic investment in PPTV, a Chinese video website. At the same time, its board of directors appointed Fan Zhijun, executive president for Suning in East China, as chairman of the management committee at PPTV. Suning said that over the past year of transition, the strategic integration of PPTV […]
Renren Kills Non-core Chinese Internet Businesses
Chen Yizhou, chief executive officer of Renren, says the company is planning to sell some non-core businesses to improve their profitability and they are also considering investment and expansion opportunities in America and Hong Kong. Chen revealed during an interview with local Chinese media that under the current model it is hard for the company […]
South Korea’s S.M.Entertainment Makes Chinese Inroads With Baidu
Chinese search engine company Baidu and South Korea entertainment giant S.M.Entertainment signed a strategic cooperation agreement covering music and video copyrights. With the cooperation, Baidu’s music division will license the music copyrights of stars from S.M.Entertainment; Baidu’s video branch Iqiyi will gain the genuine music videos and performance videos of S.M.Entertainment; and S.M.Entertainment’s artists will […]
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 […]
Letv.com Says Chinese Internet Video Business Is Hot
In the face of massive competition from state-owned businesses, stalwarts like Youku Tudou, and mobile-only start-ups, Chinese Internet video website Letv.com says it’s profits are bursting. Letv.com published its unaudited annual performance pre-announcement for 2013, stating that the company expects to see net profit between CNY250 million and CNY270 million, a year-on-year increase of 30% […]
Youku Tudou Signs VOD Agreement With FremantleMedia
Internet video group Youku Tudou has reportedly reached a multi-year content agreement with the British media company FremantleMedia. FremantleMedia is the producer and distributor of many popular TV shows, including The X Factor USA and America’s Got Talent. According to FremantleMedia, some 202 hours of programming will be available on Youku Tudou’s VOD channels. Those […]
Iqiyi’s Internet Video Integration Enters Final Stage
Tang Xing, chief technology officer of Iqiyi, revealed that the technical integration of Iqiyi and PPS has entered the final CDN and P2P integration and optimization stage, and it is expected to be completed this summer.
Baidu’s Two Internet Video Subsidiaries Complete Integration With Few Layoffs
Iqiyi.com has completed integration with PPS, an Internet video website recently acquired by Baidu.
Youku-Tudou Made Net Losses Of USD18.2 Million In Q4 2012
Chinese Internet video provider Youku-Tudou Group announced its unaudited financial report for the fourth quarter and the entire year of 2012.
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.
China’s Letv.com, Tudou.com Set Up Internet Video JV
Chinese Internet video website Tudou.com has announced that it has created a joint venture with another Internet video website, Letv.com, in Shanghai.
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 Tudou.com Readies IPO After Settling Executive’s Marital Lawsuit
Chinese online video website Tudou.com has updated its filings with the U.S. Securities and Exchange Commission for a planned initial public offering this week.
China’s Hasee To Invest CNY30 Million In Internet Marketing
Chinese information technology company Hasee and the Internet video website Qiyi.com have jointly announced in Beijing that the two parties have reached strategic cooperation, and Hasee will invest CNY30 million to place advertisements on Qiyi.com.
China’s Tudou.com Reinvigorates IPO Plans As CEO Settles Marital Dispute
Amid a thunderous drop in Chinese companies’ market capitalization in recent weeks, Tudou.com 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.
Youku.com Shrinks Net Loss For Internet Video Business In China
Chinese online video website Youku.com Inc. announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010.
China’s CNTV.cn, CCTV.com To Realize Unified Operation In Late May
Xia Xiaohui, deputy general manager of China Network Television (CNTV), revealed during an Internet economy development forum in the Yangtze River Delta that CNTV.cn and CCTV.com will be merged at the end of May 2010 and CCTV.com will become a sub-brand of CNTV.cn.
China’s Tianya.cn To Suspend Project Cooperation With Google
As news that Tom Online has ended its relationship with Google, the Chinese Internet community Tianya.cn has now announced that as a result of Google’s relocation of its Chinese business from the Chinese mainland to Hong Kong, Tianya.cn will suspend cooperation of several projects with Google.