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China's MIIT Releases Dec 2022 Mobile Sub Stats by Province
MIIT, 2/14/23
China's Ministry of Industry and Information Technology (MIIT) has released statistics detailing the country's total number of fixed-line telephone subscribers (registered accounts) and mobile subscribers by province as of the end of December 2022. Read More
Galaxy eSolutions Invests in O2O Smartphone Maintenance Platform 'Accelerate'
Cyzone, 7/17/18
Guangzhou-based Xiuke Information Technology, operator of O2O smartphone maintenance platform Jiasudu ("Accelerate"), recently announced the completion of RMB 8-digit Series A funding from Hong Kong-based cross-border e-commerce company Galaxy eSolutions. Read More
Happigo Secures CSRC Approval to Acquire Five Hunan Broadcasting Businesses
Happigo, 6/22/18
TV and online shopping channel operator Happigo Home Shopping (300413.SZ), a subsidiary of Hunan Broadcasting System (HBS) company Mango Media, recently announced that the China Securities Regulatory Commission has approved its major asset restructuring and RMB 2 bln fundraising program, under which it will acquire five HBS subsidiaries including Kuaile Yangguang Interactive Entertainment Media (Mango TV), online and mobile game developer Mango Interactive Technology, TV production firm EE-Media, film studio Mango Studios, and entertainment content developer Mango Entertainment for a total of RMB 11.5 bln. Read More
Evernote Restructures to Chinese-controlled Firm, Wins RMB 9-digit Funding from Sequoia
The Beijing News, 6/07/18
Beijing-based Evernote Technology recently announced that it has completed its restructuring process and that it will now operate as a Chinese-controlled, Chinese-American joint venture entity after nearly 6 years of operating in China as a brand under California-based note-taking and archiving software and services developer Evernote Corporation. Read More
Multiscreen, Multitrack Short Video Creation App Dongci Lands RMB 8-digit Pre-A Funding
PE Daily, 4/02/18
Beijing-based Wenlu Technology, operator of mobile short video creation app Dongci, has completed RMB 8-digit pre-Series A funding led by China Creation Ventures and with participation from Lotus Capital. Read More
Rumor: Meituan-Dianping in Talks with Convenience Stores on Partnership, Investment
Tencent Finance, 3/12/18
Chinese online ratings, group buy, and food O2O business Meituan-Dianping's "big retail" business group, formed in December 2017, is reportedly exploring investment and partnership opportunities with convenience store operators, according to online media outlet Tencent Finance. Read More
China Satcom Secures Satellite Telecom Operating License from MIIT
Beijing Morning Post, 3/08/18
China's Ministry of Industry and Information Technology (MIIT) has issued China Satellite Communications (China Satcom), a subsidiary of state-owned China Aerospace Science and Technology Corporation (CASC), with a basic telecommunications operating license. Read More
Baidu Forms Smart Living Group Focused on Smart Hardware Development
Baidu, 3/06/18
Chinese internet conglomerate Baidu (Nasdaq: BIDU) has announcing the formation of a new Smart Living Group (SLG). Read More
Guazi.com Completes USD 180 Mln Series B+ Funding
36kr.com, 10/31/17
Online and mobile C2C used-car trading platform Guazi.com, operated by Chehaoduo Used Motor Vehicle Broking (Beijing), has announced a reorganization of existing businesses into an upgraded Chehaoduo Group, which will operate Guazi.com and new car platform Maodou.com as two independent brands. Read More
Lenovo to Restructure China Operations
Leiphone, 5/15/17
Chinese consumer electronics manufacturer Lenovo's (0992.HK) Chinese operations will be reorganized into a personal computer and smart device group (PCSD) and a data center group (DCG) effective immediately, according to an announcement from Lenovo Chairman and CEO Yang Yuanqing in a microblog post. Read More
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