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JD.com Records RMB 169 bln GMV During 18-day Anniversary Promotion
JD.com, 6/19/20
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that transaction volume on the platform during the company's 618 Grand Promotion anniversary sale (held June 1-18) exceeded RMB 269.2 bln, up 33.6% YoY. Read More
China Unicom, China Telecom to Co-Build Shared Nationwide 5G Access Network
China Unicom, 9/09/19
China Unicom (NYSE: CHU; 0762.HK; 600050.SH) and China Telecom (NYSE: CHA; 0728.HK), each of which holds a roughly 20% share of China's approximately 1.6 bln mobile subscriber base, today jointly announced that the two network operators will co-build and co-share a single, nationwide 5G access network. Read More
China Issues 5G Commercial Operations Licenses
MIIT, 6/06/19
China's Ministry of Industry and Information Technology (MIIT) announced today that it has issued 5G mobile communications commercial operating licenses to four companies, including the parent companies of China Mobile (NYSE: CHL; 0941.HK), China Unicom (NYSE: CHU; 0762.HK; 600050.SH), and China Telecom (NYSE: CHA; 0728.HK), as well as to national cable TV network operator China Broadcasting Network Corporation. Read More
Co-working and Business Consulting Service Kr Space Raises RMB 600 Mln Pre-B Funding
Kr Space, 1/11/18
Beijing-based Kr Space Information Technology, operator of co-working space and business consulting services platform Kr Space, recently announced completion of RMB 600 mln in pre-Series B funding. Read More
Alibaba Cloud Launches Government-facing Regional Economic Analysis Platform
Sina Tech, 12/07/17
Alibaba Cloud, the cloud computing arm of Alibaba Group (NYSE: BABA), has announced the launch of a "regional economy brain" to help governments fully analyze the operating circumstances of enterprises. 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
Medical AI Imaging Firm VoxelCloud Wins RMB 100 Mln Series A+
Vcbeat, 9/28/17
Medical artificial intelligence imaging company VoxelCloud completed RMB 100 mln in Series A+ funding today, led by Chinese internet and mobile services firm Tencent (0700.HK) and with participation from Sequoia Capital and United Capital. Read More
O2O Fresh Food E-tailer 'Fresh Market' Lands RMB 290 Mln Series C+
Lieyunwang, 9/12/17
Jiangsu-based Yisui Information Technology, operator of fresh food mobile O2O platform Fresh Market, has secured RMB 290 mln in Series C+ funding led by Tiantu Capital. Read More
Mobile Rent Installment Platform 58 Fangdai Secures RMB 8-digit Series D+
Lieyunwang, 4/01/17
Nanjing-based Banghang Investment Management, operator of mobile rent installment payment platform 58 Fangdai, has completed RMB 8-digit Series D+ funding led by Chinese conglomerate Shuangliang Group. Read More
Used-car Auction Site 'Mychebao' Wins RMB 300 Mln Series B
Sohu IT, 8/10/15
Jiangsu-based Lebo Investment, operator of used-car auction site Mychebao.com, has raised RMB 300 mln Series B funding, jointly led by Beijing-based Jiuding Capital Group and Zhejiang-based venture capital firm Addor Capital, with Gobi Partners also investing. Read More
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