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Alibaba's 'Cainiao' Logistics Arm Submits IPO Prospectus to HKSE
Marbridge Consulting, 9/26/23
Cainiao Smart Logistics Network Limited, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), submitted an IPO prospectus to the Hong Kong Stock Exchange today. Read More
Tencent Trims Stake in Shopee-owner Sea to 18.7%
Reuters, 1/05/22
Chinese gaming and social media company Tencent Holdings (0700.HK) has raised USD 3 bln by selling 14.5 mln shares at USD 208 each in Sea Limited, which owns e-commerce firm Shopee, according to a term sheet seen by Reuters today. Read More
Firm Controlled by JD.com Founder Cleared to Establish Chinese Cargo Airline
Reuters, 8/03/21
A company controlled by the founder of Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) has been granted approval to set up a new cargo airline based in the eastern province of Jiangsu, reports Reuters, citing an announcement from China's aviation regulator today. Read More
Cainiao Parcel Pick-up Lockers Deployed in Poland
Cashless.pl, 3/09/21
A working self-service parcel pick-up locker operated by Cainiao, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), has been deployed on one of Warsaw's streets, reports Cashless.pl. Read More
Sina Announces Receipt of Preliminary Non-Binding "Going Private" Proposal
Sina, 7/06/20
Chinese online media company Sina (Nasdaq: SINA) today announced the receipt of a preliminary non-binding proposal letter, dated July 6, 2020, from New Wave MMXV Limited ("New Wave"), proposing to acquire all the outstanding ordinary shares of the company not already owned by New Wave for USD 41 per share in cash in a going private transaction (the "Proposed Transaction"). Read More
Sina's News App Launches AI-based Real-time Recommendation Engine
Sina Tech, 9/14/17
Chinese internet company Sina (Nasdaq: SINA) recently introduced a new "instant recommendation" (Jishi Tui) function within its news app that uses artificial intelligence technology to identify a user's interests at a given moment and recommend relevant news, image, and video content. Read More
B2C Pharmaceutical E-tailer 'Jianke' Raises USD 50 Mln Series A+
Vcbeat.net, 5/15/17
Guangdong-based Jianke Pharmaceutical, operator of B2C pharmaceutical e-tailer Jianke.com, has completed USD 50 mln in Series A+ funding, announced Jianke CEO Xie Fangmin. Read More
Smart LED Display Platform for Vehicles 'Lunubao' Wins RMB 30 Mln Pre-A
PEdaily, 5/05/17
Chongqing-based Checheying Network Technology, operator of smart LED display platform for vehicles Lunubao, recently announced the completion of RMB 30 mln in pre-Series A funding from Chongqing Co-harvest Equity Investment Fund Management and Dongfeng Xiaokang Industry Fund. Read More
Online Lifestyle Media and Education Platform 'Read at Ten' Wins RMB 60 Mln Series A
Ctsbw.com, 1/04/17
Xiamen-based Shidian Cultural Communication, operator of online and mobile lifestyle media and education platform "Read at Ten," has completed RMB 60 mln Series A funding led by Qingke Lingxie Investment Management, and with participation from Weiying Capital and SAIF Partners. Read More
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