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Online Recruitment Platform 51job Receives Preliminary Privatization Proposal
51job, 9/17/20
Chinese online recruitment platform operator 51job (Nasdaq: JOBS) announced today that its Board of Directors has received a preliminary non-binding proposal letter dated September 17, 2020 from DCP Capital Partners (the "Proposing Buyer") to acquire all of the outstanding common shares of the company for USD 79.05 in cash per common share (the "Proposed Transaction"). Read More
Sogou Receives Privatization Proposal from Tencent
Sogou, 7/27/20
Chinese online search engine operator Sogou (NYSE: SOGO) has announced that today it received a privatization proposal from its largest shareholder, Chinese internet giant Tencent (0700.HK). Read More
JD.com Makes USD 100 Mln Strategic Investment in Gome Retail
JD.com, 5/29/20
On May 28, Chinese e-commerce giant JD.com (Nasdaq: JD) announced a strategic investment in Gome Retail Holdings (0493.HK), one of China's largest electronics chains, and will buy USD 100 mln worth of convertible bonds in the company. Read More
Pinduoduo Subscribes to USD 200 Mln in Gome Convertible Bonds in Strategic Partnership
Pinduoduo, 4/19/20
Chinese e-commerce platform operator Pinduoduo (Nasdaq: PDD) today announced it will subscribe to USD 200 mln in convertible bonds ("CBs") issued by Chinese household appliance and electronics retailer GOME Retail Holdings Limited (0493.HK) as part of a strategic partnership to bring more value-for-money merchandise to Pinduoduo's 585.2 mln users. Read More
Online Long-term Housing Rental Service Uoko Lands RMB 1 Bln Series C
36Kr.com, 5/10/18
Sichuan-based Uoko Investment Management, operator of online housing rental platform Uoko.com, recently announced completion of Series C1 funding from Shenzhen Capital Group, Greentown Service Group (2869.HK), Shenzhen-based Galaxy Real Estate Development, Legend Capital, Matrix Partners China, and SIG Asia Investment. Read More
Rumor: 100 Investors Bid to Join Drone Maker DJI's USD 1 Bln Funding Round
China Securities Journal, 4/05/18
Shenzhen-based consumer drone maker DJI Technology has reportedly released the results of the first round of competitive bidding in its latest funding round, according to a source close to the matter. Read More
Leshi Internet Founder Pledges Stake to Cover Debts
Leshi Internet, 4/27/17
Jia Yueting, the founder of Leshi Internet Information and Technology (300104.SZ), will pledge nearly his entire stake in the Chinese online video content and smart device firm to cover debt obligations, according to Leshi Internet's Q1 2017 financial report announced today. Read More
Long-distance Logistics Platform 'Fuyou Kache' Raises RMB 550 Mln Funding
36Kr.com, 3/09/17
Beijing-based Fuyou Online Information Technology, operator of long-distance logistics platform Fuyou Kache, has won RMB 250 mln in Series C funding led by Legend Capital, as well as RMB 300 mln in debt financing from AVIC Trust and Global Logistics Properties (GLP). Read More
Rumor: Alibaba in Talks to Acquire PPTV
Tencent Tech, 6/03/13
According to a number of Chinese-language tech blogs, e-commerce conglomerate Alibaba Group has entered into discussions to acquire Chinese P2P streaming video platform PPLive (PPTV) as the latter's negotiations with internet firm Sohu (Nasdaq: SOHU) have stalled. Read More
China Star May Win RMB 4.2 Bln Debt Exemption
Sohu IT, 2/28/13
In its annual report, released February 27, Chinese consumer electronics manufacturer TCL Corporation (000100.SZ) revealed that subsidiary Shenzhen China Star Optoelectronics Technology had sales revenues of RMB 7.237 bln for 2012, with net profits of RMB 315 mln and operating losses of RMB 63 mln. Read More
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