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Mobile Education Platform Zuoyebang Wins USD 750 Mln Series E
Zuoyebang, 6/30/20
Chinese K-12 online education platform Zuoyebang has announced via its official WeChat account the completion of a USD 750 mln Series E round of financing, led by FountainVest Partners and Tiger Global, with participation from new and existing shareholders Qatar Investment Authority, Sequoia Capital China Fund, Softbank Vision Fund 1, Tiantu Capital, and Xianghe Capital. Read More
Baidu Posts Q1 2019 Net Loss of RMB 327 Mln
Baidu, 5/16/19
Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More
Update: Maternity Healthcare Platform Lamabang Lands Series D from Suning
36Kr.com, 2/09/17
Shenzhen-based Wangzhi Technology, operator of online and mobile maternity-focused SNS and e-commerce platform Lamabang, recently announced completion of Series D funding from Chinese consumer electronics and home appliance retailer Suning Commerce Group (002024.SZ). Read More
Mobile Healthcare App 'Ping An Haoyisheng' User Base Exceeds 100 Mln
Yigoonet.com, 8/17/16
Chinese mobile healthcare app Ping An Haoyisheng (Ping An Good Doctor), operated by Ping An Insurance Group (2318.HK; 601318.SH) subsidiary Ping An Health Cloud, recently revealed that it now has more than 100 mln registered users, including more than 10 mln monthly active users. Read More
Rumor: Tencent Buys Controlling Stake in Online Music Firm China Music Corp
Jiemian.com, 7/14/16
Chinese internet and mobile services firm Tencent (0700.HK) has signed an agreement to acquire a controlling stake in online music provider and digital music copyright redistributor China Music Corporation (Haiyang Music Group) in a cash and asset-injection deal, according to a source familiar with the matter. Read More
CEO: Sogou's 2015 Revenue to Reach USD 600 Mln
DoNews, 1/05/16
Wang Xiaochuan, CEO of Chinese internet firm Sohu's (Nasdaq: SOHU) online search subsidiary Sogou, revealed yesterday in an internal 2016 New Year's message to staff that Sogou's revenue for 2015 is expected to reach USD 600 mln, up over 50% YoY. Read More
Rumor: Baidu Takeout Delivery Seeks USD 300-500 Mln in Funding
Caixin.com, 12/29/15
Chinese internet company Baidu's (Nasdaq: BIDU) O2O food ordering platform Baidu Takeout Delivery is reportedly seeking USD 300-500 mln in funding, according to a non-public prospectus and confirmed by several anonymous sources. Read More
Weibo's Shopping Directory User Base Reaches 1 Mln
I.wshang.com, 12/17/15
Cheng Yu, a vice president at Chinese microblogging platform Weibo (Nasdaq: WB), a subsidiary of Sina (Nasdaq: SINA), recently said that as of the end of November, users of shopping directory product Weibo Chuchuang (Weibo Shopwindow) reached 1.03 mln, the total number of products advertised on the platform reached 1.98 mln, and the total number of product views reached 850 mln. Read More
Baidu Music, Taihe Music Group to Merge into New Company
Baidu, 12/03/15
Chinese internet company Baidu (Nasdaq: BIDU) has announced that it will merge its digital music service Baidu Music with talent agency and entertainment company Taihe Entertainment Group (Taihe Music Group) to create a new company. Read More
ChinaCache to Use Youku Tudou's Wi-Fi Routers as CDN Nodes
DoNews, 8/26/15
Content delivery network (CDN) service provider ChinaCache (Nasdaq: CCIH) has reached a partnership with online video site operator Youku Tudou (NYSE: YOKU) to use Youku's Wi-Fi routers as a storage device for network content. Read More
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