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Number of Foreign-Invested Telecom Enterprises in China Up 39% Since End of 2019
CAICT, 7/08/20
As of the end of June 2020, China's total number of foreign-invested telecom enterprises reached 266, up more than 39% from the end of December 2019, reports the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Number of Foreign-Invested Telecom Enterprises in China Up 21% Since End of 2019
CAICT, 4/09/20
As of the end of March 2020, China's total number of foreign-invested telecom enterprises reached 232, up more than 21% from the end of December 2019, reports the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
China Satcom Secures Satellite Telecom Operating License from MIIT
Beijing Morning Post, 3/08/18
China's Ministry of Industry and Information Technology (MIIT) has issued China Satellite Communications (China Satcom), a subsidiary of state-owned China Aerospace Science and Technology Corporation (CASC), with a basic telecommunications operating license. Read More
Mobile Rent Installment Platform 58 Fangdai Secures RMB 8-digit Series D+
Lieyunwang, 4/01/17
Nanjing-based Banghang Investment Management, operator of mobile rent installment payment platform 58 Fangdai, has completed RMB 8-digit Series D+ funding led by Chinese conglomerate Shuangliang Group. Read More
Meituan-Dianping Acquires Third-Party Payment Solution Provider QiandaiPay
iFeng Finance, 9/26/16
Meituan-Dianping, the company formed by the merger of Chinese group buy site Meituan.com and online ratings and group buy site Dianping, recently announced that it had completed its acquisition of Qiandai (Beijing) Information Technology, operator of internet payment solution QiandaiPay. Read More
Online and Mobile Education Firm Xingshuai Lands RMB 300 Mln Series B
Duozhi.com, 4/06/16
Guangzhou-based Xingshuai Education Technology, operator of online education platform Xingshuai Teach, recently announced completion of RMB 300 mln Series B funding from Guotai Junan Securities (601211.SH), China Mobile Innovation Industry Fund, China Minsheng Investment Group (CMIG), and Beijing-based HG Capital. Read More
Online Travel Platform 'Lvmama' Secures RMB 800 Mln Funding
Tencent Tech, 2/04/16
Shanghai-based Joyu Culture Communication (835188.NEEQ), operator of online Chinese tourism platform Lvmama, recently announced completion of RMB 800 mln funding from Zhejiang-based film and TV production and distribution company Huace Film & TV (300133.SZ) and Shanghai-based Cunhua Zhongjing Investment Partnership. Read More
Rumor: Perfect World to Repurchase Baidu Literature for RMB 1.2 Bln
DoNews, 11/12/15
Beijing-based online game developer and operator Perfect World will reportedly spend RMB 1.2 bln to acquire internet company Baidu's (Nasdaq: BIDU) "Baidu Literature" online and mobile literature business division, according to a source familiar with the matter. Read More
Baidu, Taikang Life Insurance Lead USD 200 Mln Series C in E-tailer Womai
Tencent Finance, 10/12/15
Chinese state-owned food manufacturer and cross-border food and oil merchant COFCO Corporation, operator of fresh food B2C e-commerce site Womai, recently announced that it has completed USD 200 mln Series C funding led by Chinese Internet company Baidu (Nasdaq: BIDU) and Taikang Life Insurance. Read More
Rumor: Meituan to Acquire Chinese Travel Search Engine Kuxun
Tencent Tech, 7/15/15
Chinese group buy site Meituan has reportedly acquired Beijing-based Kuxun Interactive Technology, operator of travel search engine Kuxun.cn, according to industry sources. Read More
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