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Market Cap of China's Listed Internet Firms Down 4.2% QoQ in Q1 2020
CAICT, 4/30/20
Battered by the COVID-19 pandemic in Q1 2020, total market cap of China's publicly traded Internet companies dropped 4.2% QoQ to RMB 11.10 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Market Cap of China's Listed Internet Firms Up 18.3% QoQ in Q4 2019
CAICT, 1/14/20
Buoyed by a general rise in the global stock market in Q4 2019, total market cap of China's publicly traded Internet companies increased 18.3% QoQ to reach a record-high RMB 11.59 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Market Cap of China's Listed Internet Firms Up 0.5% QoQ in Q3 2019
CAICT, 10/15/19
The market value of China's publicly traded Internet companies continued to fluctuate in Q3 2019 against the backdrop of ongoing Sino-US economic and trade frictions, reaching a total market cap of RMB 9.8 trln, up 0.5% QoQ, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Alibaba Acquires Import E-Commerce Platform Kaola from NetEase
NetEase, 9/05/19
Chinese internet conglomerates NetEase, Inc. (Nasdaq: NTES) and Alibaba Group (NYSE: BABA) today announced Alibaba's acquisition of NetEase's import e-commerce platform Kaola for approximately USD 2 bln. Read More
China's H1 2019 Internet User Base Reaches 854 Mln
CNNIC, 8/30/19
China's internet user base reached 854 mln in H1 2019, up nearly 26 mln from the end of H2 2018, among which the mobile internet user base was approximately 847 mln, up almost 30 mln from the end of H2 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H1 2019 State of the Chinese Internet Report. Read More
China's H2 2018 Internet User Base Reaches 829 Mln
CNNIC, 2/28/19
China's internet user base reached 829 mln in H2 2018, up nearly 27 mln from the end of H1 2018, among which the mobile internet user base was approximately 817 mln, up over 29 mln from the end of H1 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H2 2018 State of the Chinese Internet Report. Read More
Fresh Food M-commerce App Missfresh Wins USD 450 Mln Funding
Tencent Tech, 9/06/18
Beijing-based Missfresh E-Commerce, operator of fresh food ordering app Missfresh, recently announced completion of USD 450 mln in new funding led by Goldman Sachs Investment Partners, Chinese internet conglomerate Tencent (0700.HK), Jeneration Capital, and Davis Selected Advisers with participation by Poly (Hengqin) Capital Management, Glade Brook Capital, and China Renaissance New Economy Fund, as well as prior-round investors Tiger Global and Sofina. Read More
Douyin Secures Music Copyrights from Major Global Record Labels
Sina Tech, 8/09/18
Short music video sharing platform Douyin, operated by Beijing-based Bytedance Technology, recently signed partnership agreements with several recording labels and music copyright agencies including Universal Music Group, Warner Music Group, Taihe Music Group, and Touch Music Publishing, to gain full access to their music libraries. Read More
Bytedance Launches AR Effects Platform 'Byted Effect'
Jiemian, 6/25/18
Beijing-based Bytedance Technology, operator of online and mobile news portal platform Today's Headlines, recently launched an augmented reality special effects platform called Byted Effect. Read More
Feud between Tencent, Today's Headlines Escalates with Fresh Lawsuits
BiaNews, 6/02/18
Chinese internet conglomerate Tencent (0700.HK) recently issued a statement saying that Beijing-based Bytedance Technology, operator of popular news aggregation platform Today's Headlines and short video apps Douyin and Huoshan ("Volcano"), and its indirectly wholly-owned subsidiary Microlive Vision Technology, have been slandering Tencent through a number of channels, causing serious harm to Tencent's reputation. Read More
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