Internet

China's YY Fully Acquired Overseas Video Social Platform

YY Inc. recently revealed in its latest financial report that the company has completed full acquisition of the overseas video social platform BIGO Technology...

NetEase To Shut Down Photo Album Service On May 8

NetEase's photo album service recently published an announcement, stating that starting from March 6, 2019, it stopped new user registration and VIP recharge services...

NetEase To Shut Down Insurance Business In March 2019

Chinese Internet company NetEase is reportedly dumping all financial businesses, including financial management, small loan, and insurance business, except for payment service. Early in September...

Tencent Music To Make Strategic Investment In Douban FM

DNV Music Group's music streaming product Douban FM recently announced that they received strategic investments from Tencent Music Entertainment Group and Trustbridge Partners. Douban FM...

Ant Financial Acquired British Cross-border Payment Company

British cross-border payment company WorldFirst recently announced the completion of its ownership change and it becomes a wholly-owned subsidiary of Ant Financial Group. Jonathan Quin,...

Airbnb China Head Resigns

Airbnb global vice president and head of China region Ge Hong has reportedly departed the company just four months after ascending to new role. Airbnb...

Alibaba Establishes Global Research Academy

Alibaba's chief technology officer Zhang Jianfeng announced during Alibaba's Cloud Habitat Conference in Hangzhou that the group has established a global research academy named...

Tencent Creates Advertising Division In Silicon Valley

Chinese Internet company Tencent is establishing a new advertising division in its Palo Alto office to provide services to American advertisers who want to...

Hyundai, China Unicom To Build Big Data Center In Guizhou

South Korea's Hyundai Group will cooperate with China Unicom to build a big data center in Guizhou. This is the first overseas big data center...

Former IBM Watson Chief Scientist Joins JD

Zhou Bowen, an authoritative scientist in the artificial intelligence sector, joined e-commerce firm JD as vice president of JD Group. In his new role, Zhou...

Nintendo, Tencent Reach Deal For Arena Of Valor

Japan's Nintendo reached an agreement with China's Tencent to launch Tencent's popular game "Arena of Valor" on Nintendo's Switch this winter. "Arena of Valor", with...

Chinese Used Car Platform Gains USD200 Million Investment From Didi Chuxing

Chinese used car trading platform Renrenche.com has gained new investment of USD200 million from strategic investor Didi Chuxing. Prior to this, Renrenche.com already received investments...

Dome To Fully Acquire Letv Game

Chinese mobile game developer and operator Dome announced plans to acquire Letv Game in cash; however, no financial details were revealed. LeEco's Letv Zhixin indirectly...

China's JD To Set Up Two JVs With Central Group In Thailand

JD Group, JD Finance, Thailand's leading retailer Central Group, and Provident Capital together announced that they would set up two joint ventures in Thailand...

Former Sina Weibo CFO Joins Baidu

Chinese search engine company Baidu announced that Yu Zhengjun, former chief financial officer of Sina Weibo, has joined Baidu as chief financial officer of...

Countdown Looms For BTCC's Bitcoin Trading End

As BTCC enters its final week of Bitcoin trading operations, all eyes are on how the impact of the shutdown of all cryptocurrency enxchanges...

Huajiao To Invest CNY100 Million For Short Video Development

Chinese Internet live show platform Huajiao claims to have accumulated over 200 million users; covered 500 cities in China; attracted 15 million active live...

Former Microsoft Executive Joins JD's Cloud Business

JD Group announced that Shen Yuanqing, former Microsoft Asia Pacific technology chairman, has formally joined JD as president of its cloud business unit. In his...

China's Forgame Taps Fintech With Acquisition

Chinese mobile games and web games developer and publisher Forgame is acquiring Jianlc.cn, an Internet financial management platform, as the company pivots its development...

Alphabet Is Hiring AI Talent In China

Alphabet, the parent company of Google, is doing recruitment in China as it seeks development in this marketplace. The recruitment page lists at least 20...

ICOs Are Dead In China As Chinese Government Nixes Cryptocurrencies

Seven Chinese regulatory bodies issued initial coin offering rules that totally ban the practice by cryptocurrency and Bitcoin wannabes. ICOs are often compared to initial...
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