Techmeme

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Lulu Yilun Chen / Bloomberg:
Sources: Chinese on-demand services app Meituan Dianping to seek at least $60B valuation in Hong Kong IPO as soon as this year   —  Company is said to want to go public as soon as this year  —  Meituan's considering a listing in Hong Kong and China as well
Mar 23, 2018, 11:25 AMIn context
Lulu Yilun Chen / Bloomberg:
Tencent Q4 profit of ~$3.3B beat estimates on revenue of ~$10.4B, bolstered by mobile game hits like Honour of Kings and a growing ad business   —  Tencent Holdings Ltd. posted quarterly profit that beat estimates, bolstered by mobile game blockbusters like Honour of Kings and a growing ad business.
Mar 21, 2018, 7:30 AMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba will invest another $2B in Southeast Asian online mall Lazada; Ant Financial's executive chair will replace Lazada's CEO   —  Ant Executive Chair Lucy Peng to replace Lazada's CEO  —  Alibaba investment in Lazada reaches $4 billion in total  —  Alibaba Group Holding Ltd …
Mar 19, 2018, 12:40 AMIn context
Bloomberg:
Sources: Chinese app Qu Toutiao, which aggregates news and video and is a rival of ByteDance's Jinri Toutiao, weighs US IPO, seeking up to a $3B valuation   —  Qu Toutiao considers listing in U.S. as soon as this year  —  News and video aggregation mobile app launched in June 2016
Mar 14, 2018, 7:50 PMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Alibaba to buy out some investors, including Baidu, of food-delivery service Ele.me, making it the biggest player in China's online food delivery space   —  Alibaba is said to want Ele.me's last-mile delivery network  —  Ele.me had acquired Baidu's food delivery business in August
Feb 26, 2018, 11:30 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Chinese e-commerce startup Meicai, which helps farmers sell vegetables to restaurants, has raised $450M Series E at $2.8B valuation   —  Tiger, CMC, Genesis are said to lead $450 million investment  —  Meicai app seeks fund for expansion in vegetable sourcing
Jan 12, 2018, 6:35 PMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Tencent Music plans IPO in 2018, is expected to raise $1B+, valued at $10B   —  Internet giant is said to plan music-business IPO next year  —  Katy Perry, local artists exploit messaging, karaoke apps  —  One of China's most-anticipated initial public offerings next year …
Dec 17, 2017, 10:20 PMIn context
Lulu Yilun Chen / Bloomberg:
How activist Ma Jun aggregates data on China's worst water polluters, causing some to be banished from Apple's supplier list, in an effort backed by Alibaba   —  Online database records at least 830,000 cases of pollution  —  Western brands among customers using app to monitor suppliers
Dec 13, 2017, 4:40 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Chinese internet company Tencent is developing its own autonomous driving technology, including creating and testing a prototype internally   —  Tencent is said to have created an autonomous driving system  —  Tencent is competing with Google, Baidu, Tesla in the space
Nov 6, 2017, 10:50 PMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba beats with Q2 revenue of $8.3B, up 61% YoY, and raises annual revenue growth forecast from 45%-49% to 49%-53%   —  Quarterly earnings-per-share also beat analysts' projections  —  Alibaba's dominance in Chinese retail is drawing advertisers  —  Alibaba Group Holding Ltd. raised …
Nov 2, 2017, 10:55 AMIn context

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