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JD.com Opens Third Self-Operating Warehouse in California
JD.com, 3/02/23
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) has announced that JD Logistics United States, the company's North American logistics arm, recently opened its third self-operating warehouse and distribution center in California. Read More
Beijing Leads China with Mobile Phone Penetration Over 180% in June 2022
MIIT, 7/25/22
China's Ministry of Industry and Information Technology (MIIT) has released statistics detailing the country's fixed-line telephone and mobile phone penetration rates by province as of the end of June 2022. Read More
JD.com Launches Robotic Retail Shops in Netherlands
JD.com, 1/10/22
On January 10, Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) opened two robotic shops under the new brand name "ochama" in the Netherlands, with more locations to follow soon. Read More
China Telecom Outpaces China Mobile to Reach 20.5% 5G Penetration in October 2020
Marbridge Consulting, 11/20/20
The listed arms of China's three main telecom operators have announced their subscriber totals for the month of October 2020, including a combined net gain of roughly 0.83 mln mobile subscribers in China, boosting their combined mobile subscriber base to nearly 1.606 bln. Read More
China Telecom Outpaces China Mobile to Reach 18.5% 5G Penetration in Sep 2020
Marbridge Consulting, 10/22/20
The listed arms of China's three main telecom operators have announced their subscriber totals for the month of September 2020, including a combined net gain of roughly 2.45 mln mobile subscribers in China, boosting their combined mobile subscriber base to nearly 1.605 bln. Read More
Game Live Streaming Platform Operators Huya, DouYu to Merge
Huya, 10/12/20
Chinese game live streaming platform operator HUYA Inc. (NYSE: HUYA) and Wuhan-based game-centric live streaming platform operator DouYu International Holdings Limited (Nasdaq: DOYU) today announced that they have entered into an Agreement and Plan of Merger, dated October 12, 2020 (the "Merger Agreement") with Tiger Company Ltd., a newly formed company with limited liability incorporated under the laws of the Cayman Islands and a direct wholly owned subsidiary of Huya ("Merger Sub"), and, solely for the limited purposes set forth therein, Nectarine Investment Limited ("Tencent"), a wholly owned subsidiary of Tencent Holdings Limited (0700.HK). Read More
Gridsum Enters into Definitive Agreement for Going-Private Transaction
Gridsum, 10/01/20
Beijing-based Gridsum Holding Inc. ("Gridsum" or the "Company") (Nasdaq: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Gridsum Corporation ("Parent"), and Gridsum Growth Inc., a wholly owned Subsidiary of Parent, pursuant to which the Company will be acquired by an investor consortium led by Mr. QI Guosheng (the "Chairman"), chairman of the board of directors of the Company (the "Consortium") in an all-cash transaction that values the Company's equity at approximately USD 75.5 mln (the "Merger"). Read More
Mobile Education Platform Zuoyebang Wins USD 750 Mln Series E
Zuoyebang, 6/30/20
Chinese K-12 online education platform Zuoyebang has announced via its official WeChat account the completion of a USD 750 mln Series E round of financing, led by FountainVest Partners and Tiger Global, with participation from new and existing shareholders Qatar Investment Authority, Sequoia Capital China Fund, Softbank Vision Fund 1, Tiantu Capital, and Xianghe Capital. Read More
JD.com's JoyBuy Starts Trial Operations of Korean-language Version
JD.com, 3/31/20
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD) has announced that Joybuy.com, its outbound B2C e-commerce site, began trial operations of a Korean-language version of the platform on March 23. Read More
Golden Bull Posts H1 2019 Net Loss of USD 6.5 Mln
Golden Bull, 1/30/20
Golden Bull (Nasdaq: DNJR), which formerly operated an online peer-to-peer (P2P) lending platform in China that provided borrowers access to short-term loans, today announced its financial results for the six months ended June 30, 2019. Read More
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