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Chinese wearable device manufacturer Huami Corporation (NYSE: HMI), an affiliate of Android device maker Xiaomi (1810.HK), today announced it is changing its name internationally to Zepp Health Corp and the ticker symbol of its American depositary shares listed on the NYSE to "ZEPP" to better reflect its deepening commitment to connecting health with technology, expansion of its current product portfolio, and its growth in serving the industrial healthcare technology market. Read More
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
Hangzhou-based Danyue Technology, operator of children's online English education platforms 360ABC and Landi English, recently announced completion of RMB 520 mln in Series C funding from unspecified investors. Read More
Hainan-based Lexin Network Technology, operator of online gaming SNS app Laoyuegou, recently announced completion of RMB 200 mln in Series C funding from Tiantu Capital. Read More
Chinese internet conglomerate Alibaba (NYSE: BABA) recently invested in Guangzhou-based Xiaopeng Motors Technology, the operating entity behind electric car maker Xpeng Motors. Read More
Beijing-based Huajuan Technology, operator of mobile video shopping app Huajuan, recently announced completion of USD 40 mln in Series B funding led by Sinovation Ventures with participation by prior-round investors Evolution Media China (EMC), Ventech China, and Vertex Ventures, as well as new investor Zhiping Capital. Read More
Cloud-based communications solutions provider Shenzhen Yunzhixun Network Technology recently announced the completion of RMB 300 mln in Series B funding led by Mangrove Capital. Read More
China's Ministry of Culture (MOC) recently shut down 11,929 live broadcasting rooms on online live streaming platforms for content violations, and ordered 18,977 live broadcasting rooms to correct rules violations. Read More
China's Ministry of Culture has announced plans to conduct random inspections of live streaming operators in 2017, with a focus on cracking down on performances including vulgar or obscene content. Read More
The General Office of China's State Council released a draft plan today to accelerate the innovation, transformation, development, and advancement of O2O businesses. Read More