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Kingsoft Chairman Buys Additional 2.5% Stake For HKD190 Million
April 9, 2013Lei Jun, chairman of Kingsoft, has reportedly bought an additional 2.5% stake in the company for about HKD190 million.
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Tencent's Internet Advertising Revenue Up 58.3%
March 24, 2013Chinese Internet company Tencent published its financial report for the fourth quarter and the entire year of 2012.
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Tencent Adjusts E-commerce Subsidiary Structure In China
March 11, 2013According to an internal email reportedly sent by Bu Guangqi, chief executive officer of Tencent's e-commerce subsidiary 51buy.com, the company will implement a structural adjustment, aiming at sales of CNY15 billion to CNY20 billion in 2013.
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China's Tencent Targets Internet Marketers With New Online Advertising Platform
January 16, 2013Chinese online marketing is booming, and Tencent just announced the launch of its advertising real-time trade platform Tencent AdExchange, marking its formal entry into the Chinese real time bidding market.
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Former AdChina COO Jumps To Tencent
January 7, 2013Chinese Internet company Tencent revealed that Zheng Jingwei, former chief operating officer of AdChina, has joined Tencent as general manager for the advertising platform unit of the networking media group.
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Tencent Cooperates With American Express For Internet Payments
December 3, 2012Chinese Internet company Tencent's online payment service Tenpay and American Express have reached cross-border payment cooperation and the two parties have jointly launched a new virtual payment product.
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Rivals Unite: Dangdang.com Opens Flagship Store On Tmall.com
November 8, 2012Chinese B2C e-commerce website Dangdang.com and Alibaba's B2C Internet shopping site Tmall.com have jointly announced that Dangdang.com has opened a flagship store on Tmall.com, selling books and daily commodities.
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Alibaba, Tencent, Ping An Join Hands For Insurance JV In China
September 3, 2012Ma Mingzhe, chairman of Ping An Insurance (Group) Company of China, Ltd, confirmed to Chinese local media that the company has cooperated with Alibaba Group and Tencent Group in the establishment of a new insurance joint venture for Chinese consumers.
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Chinese Group Buying Websites Merge Under Unified Brand
August 6, 2012Chinese group buying website Ftuan.com announced that its physical company has been renamed from Beijing Kala Interactive Technology Company Limited to Beijing Wangluo Tianxia Life Technology Company Limited, and both Ftuan.com and Gaopeng.com will be integrated into the company.
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China's Taobao.com Launches App Store
July 3, 2012Chinese Internet shopping website Taobao.com has launched an application store under the domain App.taobao.com.
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Internet Death Knell As Group Discount Buying Websites Merge In China
June 28, 2012Ftuan.com, a Chinese group buying website, and Gaopeng.com, the joint venture between Tencent and Groupon, have reportedly completed their merger and integration, and the new company will be led by Lin Ning from Ftuan.com.
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Tencent Buys Minority Stake From American Video Game Company
June 25, 2012Chinese social networking giant Tencent has acquired a minority stake in U.S. game company Epic Games.
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UCWeb To Build Open Mobile Games Platform
June 16, 2012UCWeb, Chinese provider of mobile Internet software technology and browser services, confirmed that the company has acquired 9game.cn, a mobile games platform, and it plans to build an open platform for mobile Internet games.
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China's Tencent Invests USD1 Billion In E-commerce Subsidiary
May 31, 2012Ma Huateng, chairman and chief executive officer of Tencent, has announced plans to invest USD1 billion in its independently operated e-commerce holding company.
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China's Tencent Invests CNY400 Million In South Korean Mobile Chat Application
May 28, 2012Chinese Internet company Tencent revealed in its financial report for the first quarter of 2012 that the company acquired a 13.84% stake in KakaoTalk, a South Korean mobile communication application, for CNY403 million.
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