Alibaba Invests USD1 Billion To Control Southeast Asia E-commerce Leader

Asian E-commerceAlibaba Group announced that they will invest USD1 billion to subscribe a controlling stake in Lazada, including about USD500 million …

Guocoland Signs Landmark Deal With Accorhotels For New-Built Sofitels In Singapore And Kuala Lumpur

Shanghai, China, January 11, 2016 / – – GuocoLand Limited (“GuocoLand”) has signed a landmark deal with AccorHotels for the management of the Group’s two new-built hotels at Tanjong Pagar Centre, Singapore and Damansara City, Kuala Lumpur, Malaysia. The Sofitel Singapore City Centre and the Sofitel Kuala Lumpur Damansara, adds a total of 534 rooms … Continue reading “Guocoland Signs Landmark Deal With Accorhotels For New-Built Sofitels In Singapore And Kuala Lumpur”

China’s Changyou Sells Subsidiaries For USD205 Million

Chinese Internet portal recently submitted a regulatory filing in the U.S. for its online gaming subsidiary to sell hree subsidiaries, including two overseas subsidiaries, to third-party buyers for USD205 million. According to the file, Changyou signed decisive agreements in April 2015 to transfer a series of assets. Based on the agreements, Changyou will […]

Foreign Governments Join Chinese E-commerce Leader To Promote Global Trade

Alibaba is working directly with foreign embassies in China to expand its influence and sales potential around the world. The e-commerce company has opened 11 official country pavilions on its Tmall Global platform and cooperative partnerships between Juhuasuan, Alibaba’s group-buying platform, and 26 foreign embassies in China. A total of 11 countries, including United States, […]

Tencent’s WeChat Boasts 50 Million Registered Users

Chinese Internet company Tencent announced that its WeChat service has gained over 50 million registered users.

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.

China’s Perfect World Sets Up Subsidiary In Malaysia

Chinese online game developer and operator Beijing Perfect World Network Technology Company Ltd. announced the establishment of a new subsidiary in Malaysia.

Apple Launches iTunes Store In Hong Kong

Apple has confirmed that it has launched its iTunes store in 12 new markets in Asia, including Hong Kong, allowing its users in these regions to buy and download music and videos more conveniently.

Kingsoft To Enter European And North American Game Markets In 2011

According to Wang Donghui, chief financial officer of Kingsoft, the company plans to enter the European and the North American game markets with two online games in 2011, and the company predicted its revenue from the overseas markets will account for 20% of its total revenue in the next two years.

Mezabay To Enter Chinese Internet Sector With Stake In

Nasdaq OTCBB-listed Mezabay International Inc., Singapore’s Legend Venture Pte Ltd., and Beijing Mayi Interactive Network Technology Company Ltd. have signed an investment agreement, under which Mezabay will acquire a 51% stake in

CNNIC Closes Overseas Registration Of .CN Website Domain Names

According to information from foreign domain name registration service providers, China Internet Network Information Center has required these providers to suspend new registrations for .CN website domain names.