CNY2 Billion Deal Amps Up Chinese Smartphone’s Appeal

LeTV phoneChinese mobile phone retail channel provider D.Phone and Letv have reached a strategic deal with total value of CNY2 billion. …

Streaming Content Pays Dividends For China’s Letv screenshotChinese Internet video website announced that during the first quarter of 2016 it achieved operating revenue of CNY4.63 billion, …

Aston Martin Signs Chinese Internet Of Vehicles Deal

Aston MartinChina’s Letv and the luxury British sports car manufacturer Aston Martin signed an electric car joint venture MOU in Frankfurt, …

Le Sports Appoints CTO While Adding Sports Video Business

sports TVLe Sports, the sports business platform of, announced that the company has acquired the entire stake in Zhangyu TV, …

Alibaba Continues Testing Streaming Video Service

Alibaba has started testing its streaming video service named Tmall Box Office, which is a Netflix-style subscription video service. The monthly subscription for the service costs CNY39 and the annual subscription is CNY365. Alibaba revealed in June 2015 that the company would launch an online streaming video service which will include Chinese and foreign movies […]

Coolpad Appoints Letv’s Chief As Executive Director

Chinese smartphone maker Coolpad has appointed Jia Yueting, chairman and general manager of, and Liu Hongwei, vice chairman and deputy general manager of, as executive directors, effective immediately. According to the company, Jia and Liu signed three-year service contracts with Coolpad, starting from August 17, 2015. Both of them will receive CNY1 million […] Establishes New Beijing Company For Mobile Phone Development

According to data from the Beijing Administration for Industry and Commerce, Letv has registered a new company named Letv Mobile Smart Information Technology (Beijing) Company Limited, with registered capital of CNY20 million. The business scope of this new company covers production and development of mobile phones and sales of communications devices, electronic products, mechanical equipment, […] Acquires Full Stake In Huaer Entertainment For CNY900 Million

Chinese Internet video company is buying a 100% stake in Dongyang Huaer Entertainment Media Co. Ltd. for CNY900 million. After the acquisition, Liu Hong, chief executive officer of, 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 […] 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 says it’s profits are bursting. 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% […] Net Profit Up 56% In Q3 2013

Chinese Internet video website published its financial report for the third quarter ended September 30, 2013, stating that the company’s total operating revenue increased by 122.42% year-on-year to CNY613 million. The company’s net profit increased by 55.72% year-on-year to CNY67.61 million. The company also revealed that during the first three quarters of 2013,’s […]

Yuan Bin Joins As Co-CTO

Liu Hong, co-founder and chief operation officer of, revealed to Chinese local media that Yuan Bin, former vice president of online video website, has joined the company as co-CTO., Foxconn Team For Exclusive China TV Production Deal

Chinese Internet video website announced that it is working with Foxconn in the establishment of a joint venture for the production of super TVs and set-top boxes, which are expected to be formally launched in the third quarter of 2013. To Invest CNY100 Million To Support TV Apps

Yang Yongqiang, chief technology officer of the Chinese Internet video website, announced the launch of a new project to support the development of TV applications.

China’s, Set Up Internet Video JV

Chinese Internet video website has announced that it has created a joint venture with another Internet video website,, in Shanghai. To Invest CNY6.3 Million For New Subsidiaries

Chinese Internet video company has announced that it will invest about CNY6.3 million to set up wholly-owned subsidiaries in Hong Kong and Taiwan to expand the overseas market and improve its visibility., CRSUD Sign Strategic Agreement For Chinese Cities

Chinese video website and China Research Society of Urban Development have signed a strategic agreement to jointly provide video technical platform support to hundreds of cities across China.