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Update: HNA Group Terminates Planned Acquisition of E-commerce Firm Dangdang
HNA Technology, 9/20/18
HNA Technology Group, a subsidiary of HNA Group, announced today that it has decided to abandon its effort to acquire B2C e-commerce firm Dangdang Kewen E-commerce and its affiliate Dangdang Network Information Technology. Read More
Kunlun Tech Leads Series B Funding of Online Crowdfunding Platform 'Kai Start'
36Kr.com, 6/15/16
Hangzhou-based Buyi Network Technology, operator of online and mobile rewards-based crowdfunding platform Kai Start, has announced its completion of RMB 100 mln Series B funding led by PC and mobile online game developer and operator Kunlun Technology (300418.SZ), and with participation from Daosen Capital and Qingcong Capital. Read More
China to Implement Telecom VAT Trials on June 1
China Mobile, 4/30/14
China Mobile (NYSE: CHL; 0941.HK) has announced in a regulatory filing that that its parent company, China Mobile Communications Corporation, received a notification jointly issued by China's Ministry of Finance and State Administration of Taxation that, as approved by China's State Council, the telecommunications industry will be included in the scope of the pilot program for the transformation from business tax to value-added taxes. Read More
Rumor: China's State Council Approves National Cable Operator Plan
Netease Tech, 11/15/12
According to a knowledgeable source, China's State Council has approved the State Administration of Radio, Film and Television's (SARFT) plan to establish a national-level China Radio and Television Network cable TV operator. Read More
Rumor: Caixin to IPO in Three Years
Money Week, 7/30/12
A number of industry sources reported today that Chinese internet and mobile giant Tencent (0700.HK) had invested in Caixin Media Company through an arrangement involving the issue of new stock as well as a proportional investment from the Zhejiang Daily Media Group (600633.SH), preserving the latter's 40% stake in the company. Read More
China 2010 E-Commerce Market Reaches RMB 4.5 Trln
China E-Business Research Center, 1/20/11
The China B2B Research Center of e-commerce site Netsun Toocle (002095.SZ) has released its 2010 China E-Commerce Market Statistical Report, revealing that as of December 2010, China's e-commerce market value exceeded RMB 4.5 trln, up 22% YoY. Read More
Rumor: SARFT Prepares for IPTV
DVBCN, 6/17/10
An industry source has reported that after winning control over IPTV content and broadcasting in the turf wars over network convergence, China's State Administration of Radio, Film and Television (SARFT) will step up preparations for a national cable network company. Read More
China Telecom 2009 Net Profit Down 34% YoY
China Telecom PR, 3/22/10
China Telecom (NYSE: CHA; 0728.HK) has announced its unaudited financial results for FY 2009, with operating revenues reaching RMB 209.37 bln, up 12.25% YoY from RMB 186.53 bln in 2008. Read More
Shanda to Form Online Entertainment Co with CNTV
Tencent Tech, 3/15/10
Chinese internet company Shanda Interactive (Nasdaq: SNDA) and CCTV's national online TV station CNTV have announced a comprehensive strategic partnership to form a jointly operated company to develop online games. Read More
Telecom Software Provider Tianyuan DIC to IPO
China Business News, 12/10/09
Shenzhen Tianyuan DIC Information Technology's IPO has successfully passed review, and the company will issue 27 mln shares on Shenzhen's growth enterprise board. Read More
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