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Market Cap of China's Listed Internet Firms Up 5.6% QoQ in Q4 2020
CAICT, 1/07/21
As good fiscal stimulus and vaccine news in countries around the world boosted global stock markets in Q4 2020, total market cap of China's publicly traded Internet companies rose 5.6% QoQ to RMB 17.8 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
Q3 2020 Investment in Chinese Internet Startups Down 9% QoQ
CAICT, 10/16/20
As China's domestic economy maintained its gradual recovery, capital markets for Chinese internet startups also remained relatively stable in Q3 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 6.22 bln, down 8.9% QoQ and 39.0% YoY, according to Chinese government data. Read More
Q2 2020 Investment in Chinese Internet Startups Up 37% QoQ
CAICT, 7/11/20
Driven by the continued recovery of China's economy and looser liquidity, capital markets for Chinese internet startups rebounded strongly in Q2 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 6.52 bln, up 37.0% QoQ but down 18.4% YoY, according to Chinese government data. Read More
Q1 2020 Investment in Chinese Internet Startups Down 28% QoQ
CAICT, 4/09/20
As the COVID-19 pandemic battered both domestic and overseas economies, capital markets for Chinese internet startups tightened dramatically in Q1 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 5.09 bln, down 28.1% QoQ and 36.3% YoY, according to Chinese government data. Read More
58.com's Zhuan Zhuan to Acquire Used Handset Trading App Zhaoliangji
58.com, 4/07/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced that Zhuan Zhuan, an online used goods trading platform and a consolidated subsidiary of 58.com, has entered into definitive agreements to acquire a 100% equity interest in the operator of second-hand mobile phone trading app Zhaoliangji. Read More
Q4 2019 Investment in Chinese Internet Startups Down 32% QoQ, 52% YoY
CAICT, 1/10/20
Against a backdrop of increased domestic and international economic pressure, capital markets for Chinese internet startups saw a major tightening in Q4 2019, with the total amount of investment and financing disclosed for the quarter coming to USD 6.84 bln, down 32.3% QoQ and 51.5% YoY, according to Chinese government data. Read More
Q3 2019 Investment in Chinese Internet Startups Up 15% QoQ, Down 38% YoY
CAICT, 10/14/19
Capital markets for Chinese internet startups began to warm again in Q3 2019, with the total amount of investment and financing disclosed for the quarter coming to USD 9.63 bln, up 15.1% QoQ, but down 38.3% YoY, 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
Q2 2019 Investment in Chinese Internet Startups Down 71% YoY to USD 8.1 Bln
CAICT, 7/19/19
Capital markets for Chinese internet startups tightened further in Q2 2019, with the total amount of investment and financing disclosed for the quarter coming to USD 8.1 bln, up 3.8% QoQ, but down 70.8% YoY, 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
Suning to Enter Online Real Estate Agency Market
Sina Tech, 7/06/18
Chinese consumer electronics and home appliance retailer Suning.com (002024.SZ) has recently begun developing a housing resale agency business, with service fees set at RMB 9,999 per transaction regardless of the value of the home. Read More
Update: Online Real Estate Trading Platform Fangdd Prepares to IPO Next Year
Sina.com, 6/29/18
Shenzhen-based Fangduoduo Network, operator of online real estate trading platform Fangdd.com, will submit filings on September 28 for an IPO on the Hong Kong Stock Exchange in early 2019. Read More
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