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JD.com Announces Updates of Share Repurchase Program
JD.com, 4/18/24
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) today announced that, during the quarter ended March 31, 2024, the company repurchased a total of 87.5 mln Class A ordinary shares (equivalent of 43.8 mln ADSs) for a total of USD 1.2 bln. Read More
China's Number of Value-added Telecom Service Enterprises Nears 141,900
CAICT, 1/10/23
As of the end of December 2022, China's total number of enterprises holding a value-added telecommunications service license reached 141,880, up 0.27% month-on-month and 19.94% year-on-year, reports the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Q3 2020 Investment in Chinese Internet Startups Down 9% QoQ
CAICT, 10/16/20
As China's domestic economy maintained its gradual recovery, capital markets for Chinese internet startups also remained relatively stable in Q3 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 6.22 bln, down 8.9% QoQ and 39.0% YoY, according to Chinese government data. Read More
Online Recruitment Platform 51job Receives Preliminary Privatization Proposal
51job, 9/17/20
Chinese online recruitment platform operator 51job (Nasdaq: JOBS) announced today that its Board of Directors has received a preliminary non-binding proposal letter dated September 17, 2020 from DCP Capital Partners (the "Proposing Buyer") to acquire all of the outstanding common shares of the company for USD 79.05 in cash per common share (the "Proposed Transaction"). Read More
China's Number of Value-added Telecom Service Enterprises Nears 88,200
CAICT, 8/14/20
As of the end of July 2020, China's total number of enterprises holding a value-added telecommunications service license reached 88,181, up 2.96% month-on-month, reports the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More
Sogou Receives Privatization Proposal from Tencent
Sogou, 7/27/20
Chinese online search engine operator Sogou (NYSE: SOGO) has announced that today it received a privatization proposal from its largest shareholder, Chinese internet giant Tencent (0700.HK). Read More
Q2 2020 Investment in Chinese Internet Startups Up 37% QoQ
CAICT, 7/11/20
Driven by the continued recovery of China's economy and looser liquidity, capital markets for Chinese internet startups rebounded strongly in Q2 2020, with the total amount of investment and financing disclosed for the quarter coming to USD 6.52 bln, up 37.0% QoQ but down 18.4% YoY, according to Chinese government data. Read More
SME Group Health Insurance Solutions Provider StartupCare Appoints New CEO
CareVoice, 7/07/20
Shanghai-based StartupCare, a provider of group health insurance solutions for SMEs and startups that was spun off last year from international health insurtech company The CareVoice, announced today the appointment of Wu Ying as Chief Executive Officer. Read More
Sina Announces Receipt of Preliminary Non-Binding "Going Private" Proposal
Sina, 7/06/20
Chinese online media company Sina (Nasdaq: SINA) today announced the receipt of a preliminary non-binding proposal letter, dated July 6, 2020, from New Wave MMXV Limited ("New Wave"), proposing to acquire all the outstanding ordinary shares of the company not already owned by New Wave for USD 41 per share in cash in a going private transaction (the "Proposed Transaction"). Read More
Mobile Education Platform Zuoyebang Wins USD 750 Mln Series E
Zuoyebang, 6/30/20
Chinese K-12 online education platform Zuoyebang has announced via its official WeChat account the completion of a USD 750 mln Series E round of financing, led by FountainVest Partners and Tiger Global, with participation from new and existing shareholders Qatar Investment Authority, Sequoia Capital China Fund, Softbank Vision Fund 1, Tiantu Capital, and Xianghe Capital. Read More
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