Internet

Linekong's Operating Revenue Down 11.5% In H1 2017

Chinese interactive entertainment content platform Linekong published its semi-annual report for the first half of 2017, stating that its operating revenue was about CNY292.1...

China Development Bank Inks Tencent Fintech Deal

China Development Bank and Tencent signed a strategic cooperation agreement on "Internet plus" for development of finance services.The term "Internet plus" refers to projects...

Didi Chuxing Invests In Careem

China's Didi Chuxing is forming a strategic partnership with Careem, a mobile ride-hailing platform that operates in the Middle East and North Africa regions.As...

Kalends' Online Game Net Profit Up 57.5% In China

Shenzhen-listed Chinese Internet game distributor Kalends achieved net profit of CNY384 million, a year-on-year increase of 57.5%, according to its semi-annual report for the...

Baidu's Group Buying Business Appoints New GM

An internal email from Nuomi.com, Baidu's group buying business, showed that Nuomi's vice president Bill Fu has been promoted to general manager.In the new...

Tencent Will Terminate Downloading Service On September 6

QQ Cyclone, Tencent's tool for downloading files, has published an online notice stating that due to business development adjustments QQ Cyclone will stop operation...

China's Ofo Reaches Cooperation With Dutch Payment Company

Chinese shared bike company Ofo announced a deal with Adyen BV, a payment technology company in the Neteherlands.With the cooperation, Ofo's users will be...

Jumei.com Co-founder Resigns

Chinese cosmetics e-commerce platform Jumei.com announced that its co-founder and product vice president Dai Yusen has resigned due to personal reasons and the resignation...

Alipay Brings Chinese Money Services To Malaysian JV

CIMB Group Holdings Bhd, Malaysia's second largest bank by asset scale, said that its subsidiary Touch n Go, in which the bank holds a...

Didi, SoftBank Invest In Southeast Asia Ride-hailing Platform

Southeast Asia's leading ride-hailing platform Grab announced the completion of its latest round financing of USD2.5 billion, including USD2 billion joint investments from Didi...

American E-commerce Platform Teams With ESG Group For Attracting Vendors In China

American e-commerce operator OpenSky and ESG Group have reached a strategic cooperation.Under the agreement signed by the two parties, ESG Group will officially become...

Aussie Big Data Company Names New Hong Kong Chief

ASX-listed Isentia, a global big data company focusing on media monitoring and analyses, has named Alex Yu as the new general manager for its...

Is There Anything To Fear About Apple's China Data Center?

News broke yesterday that Facebook-owned Whatsapp was partially filtered and blocked in China. This action comes a week after Apple announced it was complying...

U.S. Payments Start-up Teams With Alipay, WeChat To Reach Chinese Consumers

Silicon Valley start-up company Stripe has reached deals with Chinese digital payment service providers Alipay and WeChat payment to enable global vendors to accept...

Alibaba's "Five-New" Committee Arrives During Top Tech Event In China

Hangzhou-based Alibaba is focusing on Internet of Things and e-commerce in the setup of an umbrella group within the Chinese tech behemoth being called...

Tencent's Internet Literature Business Eyes IPO In Hong Kong

Tencent's Internet literature business China Reading Limited has submitted pre-listing documents to Hong Kong Exchanges and Clearing Limited.The documents show that for the past...

Baidu Fully Acquires AI Start-up Kitt.AI

Jing Kun, general manager of Baidu's Duer business unit, announced during Baidu's AI developer conference that the company fully acquired AI start-up Kitt.AI.With this...

Alibaba To Invest Additional USD1 Billion Into Lazada

Alibaba Group plans to invest an additional USD1 billion into the Southeast Asia e-commerce platform Lazada to increase its share ratio from 51% to...

Microsoft Appoints New COO For China

Microsoft announced that Horace Chow, general manager for Microsoft Hong Kong, will replace Philippe Rogge to be Microsoft's chief operating officer for the China...

NetEase Appoints New CFO

Chinese Internet company NetEase announced the appointment of Yang Zhaoxuan as its new chief financial officer.Yang is a replacement for the former acting chief...

Alibaba Signs Smart City Strategic Agreement For Xiongan New Area

Xiongan New Area has been in the news since insider investors swooped in earlier this year to purchase large swaths of property prior to...
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