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Update: HNA Group Terminates Planned Acquisition of E-commerce Firm Dangdang
HNA Technology, 9/20/18
HNA Technology Group, a subsidiary of HNA Group, announced today that it has decided to abandon its effort to acquire B2C e-commerce firm Dangdang Kewen E-commerce and its affiliate Dangdang Network Information Technology. Read More
Happigo Secures CSRC Approval to Acquire Five Hunan Broadcasting Businesses
Happigo, 6/22/18
TV and online shopping channel operator Happigo Home Shopping (300413.SZ), a subsidiary of Hunan Broadcasting System (HBS) company Mango Media, recently announced that the China Securities Regulatory Commission has approved its major asset restructuring and RMB 2 bln fundraising program, under which it will acquire five HBS subsidiaries including Kuaile Yangguang Interactive Entertainment Media (Mango TV), online and mobile game developer Mango Interactive Technology, TV production firm EE-Media, film studio Mango Studios, and entertainment content developer Mango Entertainment for a total of RMB 11.5 bln. Read More
Evernote Restructures to Chinese-controlled Firm, Wins RMB 9-digit Funding from Sequoia
The Beijing News, 6/07/18
Beijing-based Evernote Technology recently announced that it has completed its restructuring process and that it will now operate as a Chinese-controlled, Chinese-American joint venture entity after nearly 6 years of operating in China as a brand under California-based note-taking and archiving software and services developer Evernote Corporation. Read More
VR Home Interior Design Platform Kujiale Completes USD 100 Mln Series D
Jiemian, 3/09/18
Hangzhou-based Qunhe Information Technology, operator of O2O home decoration platform Kujiale, recently announced completion of USD 100 mln in Series D funding led by Shunwei Capital Partners with participation by Pavilion Capital, managed by Singaporean investment company Temasek Holdings, and prior-round investors including IDG Capital Partners, Granite Global Ventures, Yunqi Partners, Hearst Capital, and US-based Linear Venture Corporation. Read More
China Satcom Secures Satellite Telecom Operating License from MIIT
Beijing Morning Post, 3/08/18
China's Ministry of Industry and Information Technology (MIIT) has issued China Satellite Communications (China Satcom), a subsidiary of state-owned China Aerospace Science and Technology Corporation (CASC), with a basic telecommunications operating license. Read More
Baidu Forms Smart Living Group Focused on Smart Hardware Development
Baidu, 3/06/18
Chinese internet conglomerate Baidu (Nasdaq: BIDU) has announcing the formation of a new Smart Living Group (SLG). Read More
Qihoo 360 to Backdoor List in China at RMB 50 Bln Valuation
SJEC, 11/03/17
Chinese internet services and security software provider Qihoo 360 will complete a backdoor A-shares listing in China through Jiangnan-based SJEC Corporation (601313.SH), at a valuation of RMB 50.416 bln, according to a restructuring plan released recently by SJEC. Read More
Alibaba to Buy 38% Stake in Hotel, Restaurant Info Management Systems Firm Shiji Retail
Shiji Information, 11/02/17
Beijing-based software firm Shiji Information Technology (002153.SZ) announced today that it has signed a framework agreement with Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) that will see Alibaba acquire a minority stake in Shiji Information Technology's hotel, restaurant, and retail information management systems developer subsidiary Shiji Retail Information Technology. Read More
Guazi.com Completes USD 180 Mln Series B+ Funding
36kr.com, 10/31/17
Online and mobile C2C used-car trading platform Guazi.com, operated by Chehaoduo Used Motor Vehicle Broking (Beijing), has announced a reorganization of existing businesses into an upgraded Chehaoduo Group, which will operate Guazi.com and new car platform Maodou.com as two independent brands. Read More
Lenovo to Restructure China Operations
Leiphone, 5/15/17
Chinese consumer electronics manufacturer Lenovo's (0992.HK) Chinese operations will be reorganized into a personal computer and smart device group (PCSD) and a data center group (DCG) effective immediately, according to an announcement from Lenovo Chairman and CEO Yang Yuanqing in a microblog post. Read More
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