Aug 21, 2017
Beijing-based Kuaishuashua Information Technology, operator of power bank rental service Aneak, recently announced completion of more than RMB 500 mln in Series A funding from investors including Will Hunting Capital, Shenzhen-based vehicle-mounted video screen network operator Longfan Media, senior managers at Focus Media Group (002027.SZ), and government industry development funds.
The Chongqing Municipal Economic and Information Technology Committee and Chinese internet and mobile services firm Tencent (0700.HK) have signed a strategic cooperation agreement that will see both parties jointly construct a smart city mobile payment platform covering such fields as business, education, government affairs and welfare, community development, medicine, and transportation.
Shanghai-based Rajax Information Technology, operator of online restaurant takeout delivery platform Ele.me, could announce the acquisition of Chinese internet company Baidu's (Nasdaq: BIDU) O2O food delivery platform Baidu Takeout Delivery as soon as this week, according to China Business News citing a spokesperson from Baidu.
Senior executives at Chinese online video content and smart device firm Leshi Internet Information and Technology (300104.SZ) have reportedly been discussing partnership terms with representatives of an unspecified, leading Chinese Internet company, including the possibility of adding the company as a strategic investor, according to a source at Leshi Internet interviewed by online media outlet Ccstock.cn.
China's Ministry of Human Resources and Social Security recently published new regulations for job recruitment services that require stronger oversight of recruitment activities, particularly online recruitment activities, following recent incidents where the publication of false recruitment information on recruitment websites led some job seekers to be defrauded.
Shanghai-based Craft Beer Infotech, operator of online beer information and review platform Jiuhuaer (literally "Hops"), has announced the completion of RMB 8-digit Series A funding led by Sinovation Ventures, and with participation from Jinku Venture Capital Management, Tianshiwan Venture Capital, and Xiangcai Securities.
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