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Regulators Crack Down on Short Video Operators Bilibili, Miaopai
TechWeb, 7/27/18
Chinese regulators have conducted a cleanup operation targeting China's online short video industry, including bullet-screen video platform operator Bilibili Inc. (Nasdaq: BILI), Weibo's (Nasdaq: WB) official mobile short video recording and sharing app Miaopai, and 17 other online short video platforms. Read More
China to Strengthen Management of Online Live Broadcasting Services
The Beijing News, 7/24/18
A group of Chinese regulators is planning to release new rules aimed at strengthening management of online live broadcasting services. Read More
Alibaba, Ant Financial Partner with Government to Build Jiangxi's Digital Economy
Xinhuanet, 6/21/18
Chinese internet conglomerate Alibaba Group (NYSE: BABA) and its financial services affiliate Ant Financial recently signed a strategic partnership agreement with Jiangxi province, under which the parties will collaborate on several smart industry projects in Jiangxi to promote development of the digital economy. Read More
OCT Group to Invest RMB 2 Bln in Tongcheng Travel
DoNews, 6/05/18
Chinese tourism company OCT Group and online travel service provider Tongcheng Travel (LY.com) jointly announced that OCT Group will make a strategic investment of RMB 2 bln in Tongcheng Travel as part of a strategic partnership between the two firms. Read More
Rumor: Chinese Ministry Orders Take-down of All Online Poker Games by June 1
Eastday.com, 4/19/18
China's Ministry of Culture and Tourism is reportedly preparing to launch new regulations on online card games and has required all PC client and mobile app platforms to immediately cease offering downloads of poker games. Read More
Alibaba Joins Series A Funding of VR and AR Solutions Provider Plex-VR
7tin.cn, 12/27/17
Shanghai-based virtual reality and augmented reality solutions provider Plex-VR Digital Technology recently announced completion of RMB 9-digit Series A funding led by Chinese internet conglomerate Alibaba Group (NYSE: BABA), GSR Ventures, and SAIF Partners. Read More
Power Bank Rental Service Aneak Secures RMB 500 Mln Funding
iYiou, 8/19/17
Beijing-based Kuaishuashua Information Technology, operator of power bank rental service Aneak, recently announced completion of more than RMB 500 mln in Series A funding from investors including Will Hunting Capital, Shenzhen-based vehicle-mounted video screen network operator Longfan Media, senior managers at Focus Media Group (002027.SZ), and government industry development funds. Read More
Online Car Rental Platform 'China Car Experts' Wins RMB 2.15 Bln Funding
PE Daily, 12/27/16
Chinese car and bus service provider Shou Qi Group's subsidiary Shouqi Car Rental, operator of online and mobile car rental platform China Car Experts, has announced the completion of Series A+ and Series B funding for a total of RMB 2.15 bln. Read More
Ctrip, Qunar Vacation Business Units to Merge
Sina Tech, 11/22/16
Yang Tao, CEO of Chinese online travel service provider Ctrip's (Nasdaq: CTRP) vacation travel business, recently sent an internal company-wide email announcing that Ctrip's vacation business unit (VBU) will merge with the vacations division of online travel services firm Qunar (Nasdaq: QUNR). Read More
Rumor: Tongcheng Travel to Merge with Wanda's Tourism Subsidiary
Sina Finance, 10/09/16
Chinese entertainment conglomerate Dalian Wanda Group's travel-focused subsidiary Wanda Tourism will reportedly be merged into online travel service provider Tongcheng Network Technology, according to a source familiar with the matter. Read More
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