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JD.com Invests RMB 1 bln to Incentivize Video Content Creation
JD.com, 4/11/24
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced yesterday an investment of RMB 1 bln in cash incentives aimed at attracting a wider pool of video content creators and institutions to its platform. Read More
JD.com to Start 2023 Singles Day Sale October 23, Showcasing Low Prices
JD.com, 10/20/21
Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) has announced its 2023 Singles' Day Grand Promotion will kick off on October 23 at 8 p.m. Read More
Wuzhen Internet Hospital to Install 1 Mln Healthcare Terminals in China
36Kr.com, 3/03/16
Wuzhen Internet Hospital, an online and mobile medical consultation platform jointly established by the municipal governments of Tongxiang and Wuzhen (both in Zhejiang Province) and We Doctor Group, has announced plans to establish 1 mln Wuzhen Internet Hospital remote internet-connected full-service healthcare terminals at pharmacies and community health centers across China. Read More
Pharmacy E-tailer 7Lekang Completes USD 9-digit Series B
Iyiou, 11/05/15
Guangzhou-based Qilekang Pharmaceutical Chain, operator of online B2C pharmacy platform 7Lekang, recently announced that it completed USD 9-digit Series B funding in October from undisclosed investors. Read More
Tencent Invests RMB 50 Mln in Internet TV Technology Provider Huan Tech
Sohu IT, 5/08/15
Chinese consumer electronics manufacturers Changhong (600839.SH) and TCL Corporation (000100.SZ) have both issued announcements that Guangzhou-based internet TV technology provider Huan Technology, in which each owns a minority stake, has secured RMB 100 mln in funding from internet and mobile services firm Tencent (0700.HK) and Tianjin Chengbo Investment Management. Read More
Rumor: Coolpad to Establish JV with Handset Distributors
NetEase, 9/17/14
According to a company insider, Shenzhen-based handset maker Coolpad (2369.HK) has reached an agreement with a number of its handset distribution partners to form a RMB 1 bln joint venture focusing on the integration of smartphone manufacturing and distribution. Read More
Rumor: China Mobile to Shift Handset Subsidies from 3G to 4G
China Business News, 7/07/14
According to an industry insider, China Mobile (NYSE: CHL; 0941.HK) will gradually reduce its 3G mobile handset subsidies in the second half of 2014, and shift all subsidies to 4G mobile handset models. Read More
Rumor: SASAC Requires Telcos to Reduce Marketing Expenses
Caijing, 6/04/14
According to Chinese media reports, China's State-owned Assets Supervision and Administration Commission (SASAC) has set a three-year target for China's three major telecom operators, requiring that the operators reduce their sales and marketing expenses by 50% during the period. Read More
Rumor: Tencent Reinitiates Handset ROM Project
Sohu IT, 5/08/14
According to a source at Chinese internet and mobile services firm Tencent (0700.HK), the company has reinitiated its self-developed mobile ROM project, with work on the project beginning again in April. Read More
China to Invest RMB 120 Bln in IC Industry Development Fund
Tencent Finance, 4/25/14
China will invest RMB 120 bln to support the development of the country's semiconductor industry, with a specially designated fund to be established in the near term future, according to China Securities Journal. As described by an industry veteran, a lack of funding is the primary bottleneck restricting development of the integrated circuit (IC) industry in China. Read More
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