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Gridsum Announces Completion of "Going Private" Merger
Gridsum, 3/25/21
Gridsum Holding ("Gridsum" or the "Company") (Nasdaq: GSUM), a provider of cloud-based big-data analytics and artificial intelligence solutions in China, today announced the completion of the merger with Gridsum Growth Inc. ("Merger Sub"), a wholly-owned subsidiary of Gridsum Corporation ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of September 30, 2020 (the "Merger Agreement"), by the Company, Parent and Merger Sub. Read More
Huami Announces Name Change to Zepp Health
Huami, 2/25/21
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
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
Inspur, IBM to Form Server Production and Sales JV
Inspur Electronic Information, 9/11/17
Computer and communications hardware and software manufacturer Inspur Electronic Information Industry (000977.SZ) recently announced that it has signed an agreement with US technology firm IBM's China branch to form a joint venture covering the manufacture and sale of servers. Read More
WeChat to Remove Limits on Number of Applets per Account
Mydrivers.com, 5/27/17
Chinese mobile and internet services firm Tencent's (0700.HK) WeChat mobile messaging app recently announced a new update to its applets function, which eliminates restrictions on the number of applets per account, upgrades template messages, and optimizes data analysis functions. Read More
Intelligent Video Analytics Firm 'Intellifusion' Completes Series A Funding
The Beijing News, 3/15/17
Shenzhen-based intelligent video analytics software developer Yuntian Lifei Technology, which operates under the Intellifusion brand, recently announced completion of USD 8-digit Series A funding from investors including Shanshui Congrong Media Investment, Green Pine Capital Partners, state-owned investment firm Shenzhen Investment Holdings, TopoScend Capital, and Hongxiu Yingxin Chengzhang Yihao Corporate Management. Read More
Baidu Cloud Develops Online Gene Data Analytics Platform for BGI
Sohu IT, 3/08/17
Chinese internet company Baidu's (Nasdaq: BIDU) cloud services division Baidu Cloud has set up an online platform called "BGI BRCA Online" for genomics research company BGI, which will provide gene sequencing data analysis for research and applications into hereditary breast and ovarian cancers. Read More
Wanda's Mtime Updates Mobile Apps, Launches Film-related Live Broadcast Channel
iFeng Entertainment, 11/15/16
Online movie information portal Mtime.com has updated both its mobile apps, Mtime and Mtime Pro, with the former integrating a film-related live broadcasting feature and the latter improving upon its existing features. Read More
Tencent, Temasek Invest in O2O Logistics Firm Huitong Tianxia's Series C+
36Kr.com, 4/05/16
Beijing-based Huitong Tianxia IOT Technology, operator of online logistics platform G7, has announced its completion of a USD 45 mln Series C+ round of funding, with backers including Chinese internet and mobile services firm Tencent (0700.HK), Singaporean sovereign wealth fund Temasek Holdings, and Eastern Bell Venture Capital. Read More
Baidu to Make Conversion Rates a Key Determinant of Quality Score
Marbridge Consulting, 7/31/15
Chinese search giant Baidu (Nasdaq: BIDU) plans to modify its algorithm for determining a search ad's quality score, making conversion rates a key determinant, a reliable source at a Chinese search engine marketing agency revealed to Marbridge today. Read More
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