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China Unicom, Alibaba Form Cloud Services JV

Tencent Tech, 8/03/18

Telecom operator China Unicom (NYSE: CHU; 0762.HK; 600050.SH) and Chinese internet conglomerate Alibaba Group (NYSE: BABA) announced this morning that they will establish a joint venture subsidiary called Yunli Zhihui Technology, with RMB 353 mln in registered capital. Read More

Tencent Leads RMB 9-digit A+ Funding in O2O Logistics Platform 56QQ.com

Tencent Tech, 8/24/15

Guiyang-based Huochebang Technology, operator of online and mobile O2O logistics platform 56QQ.com (also 56QQ.cn), recently announced that it has completed RMB 9-digit Series A+ funding, led by Chinese Internet and mobile services firm Tencent (0700.HK), with participation from Eastern Bell Venture Capital, Beijing-based private equity fund Hillhouse Capital Management, and Doll Capital Management (DCM). Read More

Sina Restructures Business into Portal and Microblog Divisions

iFeng Tech, 12/28/12

In an internal email, Charles Chao, CEO of Chinese internet company Sina (Nasdaq: SINA), has outlined the company's "mobile first" strategic focus for the coming year. Read More

Rumor: Yougou Obtains RMB 3 Bln in Funding

DoNews, 7/19/11

An industry source close to Chinese online fashion company Belle has revealed that Yougou.com, Belle's B2C footwear platform, recently obtained nearly RMB 3 bln in funding from a group of investors that included Baidu. Read More

Sina Games Abandons BBS for Microblogging

DoNews, 3/11/11

Liu Yunli, GM of Chinese internet company Sina's (Nasdaq: SINA) online gaming business, has announced that Sina Games is in the process of replacing its BBS forums with a microblogging platform called "Wei Tan" scheduled for launch in Q2 2011. Read More

Sina Games Launches Real-Time Gameplay Broadcast Platform

Sina Games, 2/21/11

Chinese internet company Sina (Nasdaq: SINA) has begun a one week trial of its "Kan Youxi" in-game video platform. Read More

Shoe Retailer Belle Achieves 2010 E-Commerce Revenue of RMB 200 Mln

21st Century Business Herald, 2/12/11

Xie Yunli, general manager of e-commerce services for Chinese clothing distributor and retailer Belle International, recently revealed the company recorded over RMB 200 mln in online sales last year. Read More