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Alibaba Launches 'AliExpress Choice' Deep Discount Service
Alibaba Group, 2/28/23
AliExpress, a global retail marketplace operated by Chinese internet conglomerate Alibaba Group (NYSE: BABA; 9988.HK), officially announced today the launch of a new service, "AliExpress Choice," which will offer a curation of the best value products the platform has to offer and a new monthly shopping event "Choice Day." Read More
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
Pinduoduo Names New CEO, General Counsel and VP of Finance
Pinduoduo, 7/01/20
Chinese e-commerce platform operator Pinduoduo (Nasdaq: PDD) announced today that its Board of Directors has appointed Mr. CHEN Lei as Chief Executive Officer, effective immediately. 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
Tencent to Boost Equity Voting Interest in Consortium That Controls Supercell
Tencent, 9/23/19
Chinese internet and mobile services firm Tencent (0700.HK) announced today that it intends to increase its equity voting interest - from 50% to 51.2% - in the consortium that currently indirectly holds an 82.2% interest in Finnish mobile games developer Supercell. Read More
Distributed Computing Platform Developer BeagleData Lands RMB 100 Mln Series D
The Beijing News, 6/13/18
Beijing-based distributed computing platform developer Tianyun Rongchuang Data Technology (BeagleData) recently announced the completion of RMB 100 mln in new funding in H1 2018, jointly led by Ally Capital and Meridian Capital. Read More
Wi-Fi and Bluetooth Chip Maker Asunistar Completes Series A
Zhejiang Today, 4/27/18
Xi'an-based Wi-Fi and Bluetooth chip maker Asunistar Electronics Technology recently announced completion of Series A funding led by Hangzhou-based Tunlun Investment Management with participation by Shenzhen Pusu Capital Management and Zhejiang CODI Capital Group (CODI Fortune). Read More
Alibaba Invests RMB 4.5 Bln in Rural B2B E-commerce Platform Huitongda
Jiangsu Financial Herald, 4/17/18
Chinese internet conglomerate Alibaba Group (NYSE: BABA) and Five Star Investment Holdings Group recently announced a strategic partnership, according to which Alibaba will invest RMB 4.5 bln in Jiangsu-based rural-user-facing appliances B2B e-commerce marketplace operator Huitongda Network Holdings, a subsidiary of Five Star Investment Holdings Group. Read More
Children's Online Education Platform 'Hyphen' Secures USD 8-digit Series C
DoNews, 1/04/18
Shanghai-based Fengchuang Information Consulting, operator of online and mobile education platform Hyphen, recently announced completion of USD 8-digit Series C funding from K-12 after-school tutoring services provider TAL Education Group (NYSE: TAL) and Source Code Capital. Read More
Rural B2B E-commerce Platform 'Huitongda' Wins RMB 500 Mln Funding
Tencent Tech, 12/22/17
U.S.-China Green Fund announced today the completion of a RMB 500 mln investment in Jiangsu-based Huitongda Network Holdings, operator of rural-user-facing home appliance and equipment B2B e-commerce marketplace Huitongda. Read More
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