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Market Cap of China's Listed Internet Firms Up 5.6% QoQ in Q4 2020

CAICT, 1/07/21

As good fiscal stimulus and vaccine news in countries around the world boosted global stock markets in Q4 2020, total market cap of China's publicly traded Internet companies rose 5.6% QoQ to RMB 17.8 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More

China's Domestic Smartwatch Phone Market Sees 17 Mln Shipments in Q1-Q3 2019

CAICT, 11/04/19

During the first three quarters of 2019, total smartwatch phone shipments in China reached approximately 17.4 mln units, according to new figures released by the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More

Market Cap of China's Listed Internet Firms Up 0.5% QoQ in Q3 2019

CAICT, 10/15/19

The market value of China's publicly traded Internet companies continued to fluctuate in Q3 2019 against the backdrop of ongoing Sino-US economic and trade frictions, reaching a total market cap of RMB 9.8 trln, up 0.5% QoQ, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More

Co-working Space Ucommune Wins USD 43.5 Mln Strategic Financing

Tencent Tech, 8/14/18

Beijing-based office co-working space provider Ucommune Venture Investment (Ucommune) recently announced completion of RMB 300 mln strategic funding from RK Investment and Asset Management Group ("RK Properties") and Shanghai-based Prosperity Holdings. Read More

Health Insurance Tech Firm CareVoice Raises USD 2.2 Mln Venture Funding

CareVoice, 1/18/18

Shanghai-based health insurance technology startup The CareVoice announced today it has raised USD 2.2 mln in early growth capital. Read More

Children's Reading App 'Koala Reading' Raises USD 8-digit Series A

36Kr.com, 12/05/17

Beijing-based Xiangyue Education Technology, developer of mobile children's reading app Koala Reading, recently announced the completion of USD 8-digit Series A funding from Qiming Venture Partners and Granite Global Ventures. Read More

Rumor: China's Banking Regulator to Consolidate Micro Lending Industry

International Financial News, 11/22/17

The Financial Stability and Growth Committee of China's State Council, the country's cabinet, has instructed the China Banking Regulatory Commission (CBRC) to clean up and rectify the online lending market, according to an industry insider cited by International Financial News. Read More

Baidu's Mobile Homework App Zuoyebang Raises USD 60 Mln Series B

NetEase, 9/23/16

Beijing-based Xiaochuan Chuhai Education Technology, operator of mobile homework app Zuoyebang (Homework Helper), has completed USD 60 mln Series B funding, jointly led by Granite Global Ventures and Xianghe Capital (a VC firm founded by former Baidu executives), and with participation from Sequoia Capital and Legend Capital. Read More

TCL, Unigroup to Form RMB 10 Bln Strategic Industries Acquisition Fund

TCL Corporation, 2/22/16

Chinese consumer electronics manufacturer TCL Corporation (000100.SZ) recently announced a partnership with Chinese state-backed private equity firm Tsinghua Unigroup, whereby the two companies will each contribute industrial and financial resources to jointly establish a RMB 10 bln industry acquisition fund. Read More

Travel Journal App '117go' Completes USD 15 Mln Series B Funding

Sohu IT, 4/25/14

Shanghai-based Quewo Information Technology, operator of mobile travel journal and experience sharing application 117go, has received USD 15 mln in second-round funding from Softbank China. Read More