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China's H2 2018 Internet User Base Reaches 829 Mln
CNNIC, 2/28/19
China's internet user base reached 829 mln in H2 2018, up nearly 27 mln from the end of H1 2018, among which the mobile internet user base was approximately 817 mln, up over 29 mln from the end of H1 2018, according to data in the China Internet Network Information Center's (CNNIC) newly released H2 2018 State of the Chinese Internet Report. Read More
Online Long-term Housing Rental Service Uoko Lands RMB 1 Bln Series C
36Kr.com, 5/10/18
Sichuan-based Uoko Investment Management, operator of online housing rental platform Uoko.com, recently announced completion of Series C1 funding from Shenzhen Capital Group, Greentown Service Group (2869.HK), Shenzhen-based Galaxy Real Estate Development, Legend Capital, Matrix Partners China, and SIG Asia Investment. Read More
C2C Used Car Sales Platform Souche Secures USD 100 Mln Series C
iYiou, 11/15/16
Beijing-based Souche Holdings, operator of online C2C second-hand car sales platform Souche, recently announced completion of USD 100 mln Series C funding from Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), and car hire service operator UCAR (838006.NEEQ). Read More
JD.com, Tencent, Financial Institutions Ally on Internet Finance Security
CCID, 11/05/15
JD Finance, the financial services subsidiary of Beijing-based B2C e-commerce platform JD.com (Nasdaq: JD), internet and mobile services firm Tencent (0700.HK), and a number of financial institutions have allied to establish the Online Financial Security Alliance, with the purpose of combining their risk management technology and strategies to maintain the security of the online finance industry. Read More
China's H1 2015 Mobile Internet User Base Hits 594 Mln
CNNIC, 7/23/15
China's internet user base reached 668 mln in H1 2015, up 18.94 mln from the end of 2014, according to newly released data from the China Internet Network Information Center's (CNNIC) H1 2015 State of the China Internet Report. Read More
Alibaba's Online Bank Secures Launch Approval
Sina Tech, 5/27/15
The Zhejiang Provincial Banking Regulatory Commission has approved the opening of the Zhejiang Internet Commerce Bank (ICB), a subsidiary of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) affiliate Zhejiang Ant Small and Micro Financial Services Group, with RMB 4 bln in registered capital. Read More
China's Internet User Base Hits 649 Mln in 2014
CNNIC, 2/03/15
China's internet user base reached 649 mln in 2014, up 31.17 mln from the end of 2013, according to newly released data from the China Internet Network Information Center's (CNNIC) H2 2014 State of the China Internet Report. Read More
Alibaba Bank to Begin Operations in May
TechWeb, 1/28/15
Zhejiang-based Ant Financial Group VP Yu Shengfa has said that planning is underway for the Zhejiang Internet Commerce Bank (Alibaba Bank). Read More
China Approves Alibaba, Tencent Banking Trials
iResearch, 3/11/14
Shang Fulin, Chairman of the China Banking Regulatory Commission (CBRC), recently revealed that China's State Council has given its nod of approval for the establishment of 5 private bank pilot programs. Read More
China's 2013 Internet User Base Hits 618 Mln
CNNIC, 1/16/14
China's internet user base reached 618 mln in 2013, up 53.58 mln from the end of 2012, according to the China Internet Network Information Center (CNNIC). Read More
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