Chinese Internet company Tencent is establishing a new advertising division in its Palo Alto office to provide services to American …
Japan’s Nintendo reached an agreement with China’s Tencent to launch Tencent’s popular game “Arena of Valor” on Nintendo’s Switch this …
Tencent Music Entertainment Group and Universal Music Group signed a deal under which Tencent Music will become Universal Music’s exclusive …
Baidu is a poorly-executed search engine. But with both government regulations handcuffing its development and lack of competition in China, …
China’s Tencent Games achieved operating revenue in 2016 of USD10.2 billion, a year-on-year increase of 17%, which makes it the …
Chinese e-commerce giant Alibaba Group realized USD11 billion mobile advertising revenue in 2016, accounting for 40.3% market share in the …
Chinese Internet company Tencent announced business restructuring and personnel changes for its QQ music business line. The company revealed that …
Snapchat’s parent company Snap Inc. has reportedly built a research and development team in mainland China. Though users are not …
Starbucks and Tencent have formed a strategic partnership to deploy WeChat payment in Starbucks stores in mainland China. Starting from …
Avaya (Shanghai) Enterprise Management Co., Ltd. and Tencent Cloud Computing (Beijing) Co., Ltd. signed a strategic cooperation agreement to implement …
China-based Wanda Group announced that they will cooperate with 100 social We-media providers to establish the “Wanda We-media Coalition”. This …
Gone are the days of trudging to the northern reaches of Beijing to visit the huge automobile malls to buy …
China intends to further tighten control over the country’s digital news and content websites with stricter requirements, after several earlier …
Tencent Holdings recorded gross revenue of RMB35.691 billion (US$5.382 billion) during the second quarter, a 52% increase over the same …
China Music Corporation and Tencent Group joint announced that they have reached an agreement to implement a digital music business …
Chinese Internet company Tencent has launched a customer relationship management product named Tencent Qidian that integrates the company’s various social …
Shen Boyang, LinkedIn’s global vice president and China president, said that the company’s number of users in China has surpassed …
Its homepage may appear staid and plain, but the backend technology running Chinese classified information website 58.com is ramping up …
Chinese Internet giant Tencent announced that the company has reached a deal with U.S.-based ESPN to become its exclusive sports …
China’s WeChat, the instant messaging app by Tencent, has Facebook’s WhatsApp, Japan’s Line, and Microsoft’s Skype service in its sights …
The sale of fake and counterfeit goods in China has finally ended the services of a major online shopping service. Chinese B2C e-commerce operator JD.com announced that they will stop services at Paipai.com on December 31, 2015, and after a three-month transition period the website will be completely shut down by April 1, 2016. Paipai.com […]
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 […]
Who said only Ctrip and eLong ruled the Chinese Internet travel world? LY.com, one of China’s many privately-run travel booking websites, announced that they have gained over CNY6 billion new investments from Wanda Culture Industry Group, Tencent Industry Win-Win Fund, and CITIC Capital. As the lead investor, Wanda Culture Industry Group invested CNY3.58 billion in […]
Chinese search engine company Baidu is rumored to be talking with U.K. digital sports media group Perform Group to establish a joint venture in China. Perform’s core business is purchasing digital copyrights of various high-level sports events, displaying those events on online with its powerful digital editing capacity, and attracting money with its traffic. In […]
Tencent reportedly invested USD60 million in the acquisition of a 20% stake in Pocket Gems, a start-up mobile game company in America. Tencent will gain one position on the board of directors at Pocket Gems, according to reports in foreign media. Founded in 2009, Pocket Gems is headquartered in San Francisco and the company is […]
Chinese lifestyle service platform 58.com announced a merger with its classified information listings competitor Ganji.com. According to the agreement, 58.com will acquire an approximately 43.2% fully diluted equity stake in Ganji.com for a combination of share consideration and cash, including approximately 34 million newly issued ordinary shares and USD412.2 million in cash. Meanwhile, the two […]
BMG, a music business subsidiary of Germany’s Bertelsmann Group, has signed an exclusive online music distribution agreement for the Chinese market with Alibaba. Under the agreement, Alibaba will become the exclusive online distributor of BMG music and artists in the Chinese market. Alibaba will sell those products on its own platforms such as Xiami.com. In […]
Chinese information technology solutions provider Ultrapower’s wholly-owned subsidiary is helping China’s biggest mobile provider compete with instant messaging apps like Facebook’s Whatsapp, Tencent’s Wechat, and Apple’s iMessage.
