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Tencent Completes Acquisition of Search Engine Operator Sogou
Sogou, 9/23/21
Chinese online search engine operator Sogou (NYSE: SOGO) today announced the completion of its acquisition and privatization by internet conglomerate Tencent (0700.HK). Read More
Wanda Sports Group Completes Initial Tender Offer and Delisting
Wanda Sports Group, 2/01/21
Wanda Sports Group ("the Company"), a China-based global sports events, media and marketing platform, today announced the completion of the initial tender offer (the "Offer"), launched by Wanda Sports & Media (Hong Kong) Holding Co. Limited on December 23, 2020, to acquire all of the issued and outstanding class A ordinary shares of the Company, with no par value (the "Class A Ordinary Shares"), including all Class A Ordinary Shares represented by American depositary shares of the Company ("ADSs"). Read More
Chinese Semiconductor Foundry SMIC to Delist from NYSE
SMIC, 5/24/19
Chinese semiconductor foundry Semiconductor Manufacturing International Corporation (SMIC) (NYSE: SMI, 0981.HK) today announced that the company has notified the New York Stock Exchange ("NYSE") on May 24, 2019 (Eastern Time in the U.S.) that it will apply for the voluntary delisting of its American depositary shares ("ADSs") from the NYSE and the deregistration of such ADSs and underlying ordinary shares under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). Read More
ASMC to Delist from HKSE on January 25, 2019
ASMC, 11/27/18
Chinese semiconductor manufacturer Advanced Semiconductor Manufacturing Corporation (ASMC) (3355.HK), which is being taken private through merger with and absorption by Shanghai-based GTA Semiconductor, has announced that it expects ASMC's shares to withdraw their listing from the Hong Kong Stock Exchange at 9:00 a.m. Read More
Update: HNA Group Terminates Planned Acquisition of E-commerce Firm Dangdang
HNA Technology, 9/20/18
HNA Technology Group, a subsidiary of HNA Group, announced today that it has decided to abandon its effort to acquire B2C e-commerce firm Dangdang Kewen E-commerce and its affiliate Dangdang Network Information Technology. Read More
Rumor: Baidu Shuts Down Online Education Platform Baidu Chuanke
36Kr.com, 7/31/18
Chinese internet conglomerate Baidu (Nasdaq: BIDU) will reportedly shut down its online education platform Baidu Chuanke, according to online media outlet 36Kr.com. Read More
Koubei, Alipay Unveil Smart Restaurant Touchscreen Tabletop
Sina Tech, 10/10/17
Online and mobile local life services platform Koubei, operated by Alibaba Group (NYSE: BABA) subsidiary Koukou Xiangchuan Network Technology, recently launched a new "Smart Restaurant of the Future" concept product. Read More
Bank of Lanzhou ATMs Support WeChat and Alipay Scanning to Withdraw Cash
Bank of Lanzhou, 9/04/17
The Bank of Lanzhou now allows customers to withdraw money from ATMs by using Tencent's (0700.HK) WeChat mobile messaging app or Chinese third-party payment processor Alipay to scan an automatically generated QR code. Read More
Bike-sharing App '3V Bike' Exits Market over Bike Thefts
Tencent Tech, 6/30/17
Beijing-based Huayaodi Technology, operator of dockless bike-sharing service 3V Bike, has shut down as of June 21 due to a large number of its bikes being stolen, according to an announcement from the company's official account on Tencent's (0700.HK) WeChat mobile messaging app. Read More
China Bans Online Lending Services to Students
Finance Office of People's Government of Jiangxi Province, 6/16/17
China has decided to ban companies from offering online lending services to students, according to a notice issued by the China Banking Regulatory Commission (CBRC), Ministry of Education (MOE), and Ministry of Human Resources and Social Security (MOHRSS) published on the Jiangxi Provincial Government Finance Office website. Read More
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