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Jason Booth / China Money Network:
Baidu plans to dispose of majority stake in financial service biz that operates Baidu Wallet as Q1 revenues grow 31% YoY to $3.3B, profits up 128% YoY to $728M   —  China's tech giant Baidu Inc. (NASDAQ: BIDU) is planning to dispose of a majority equity stake in financial service business …
Apr 26, 2018, 6:15 PMIn context
Yimian Wu / China Money Network:
Alibaba invests $717.2M in e-commerce platform Huitongda, which serves rural Chinese consumers, as Alibaba seeks to expand sales outside major cities   —  China's e-commerce giant Alibaba Group Holding will invest RMB4.5 billion (US$717.2 million) in Huitongda Network Co. …
Apr 19, 2018, 12:15 PMIn context
Li Dongmei / China Money Network:
Chinese online game streaming platform Huya files for $200M IPO on NYSE; at the end of 2017, Huya said it had 38.8M+ mobile MAUs, up 47.6% YoY   —  Chinese game live-streaming platform Huya Inc. has filed for a US$200 million initial public offering of American Depository Shares (ADS) …
Apr 11, 2018, 4:45 AMIn context
Li Dongmei / China Money Network:
Alibaba to buy all remaining outstanding shares of Chinese food delivery service Ele.me at a $9.5B valuation   —  Chinese tech giant Alibaba Group has announced that it will acquire all outstanding shares that it does not already own in online food delivery company Ele.me, in a deal valuing the target company at US$9.5 billion.
Apr 2, 2018, 2:20 AMIn context
Yimian Wu / China Money Network:
Alibaba's mapping unit AutoNavi launches carpooling business, starting in Chengdu and Wuhan; Meituan Dianping launched its ridesharing service in February   —  Alibaba's mapping unit, AutoNavi Holdings Ltd. also known as Gaode Map, has launched its own carpooling business …
Mar 31, 2018, 6:05 AMIn context
Yimian Wu / China Money Network:
Chinese bike-sharing company Ofo announces $866M in equity and debt financing in a funding round led by Alibaba   —  China's bike-sharing firm ofo announced that it has raised US$866 million in equity and debt capital in a funding round led by Alibaba Group Holding Ltd. The deal increases Alibaba's control …
Mar 13, 2018, 12:10 AMIn context
Nina Xiang / China Money Network:
Chinese anime-streaming platform Bilibili files for $400M US IPO, says its revenue increased from $80.4M in 2016 to $379.4M in 2017, and it had 72M MAUs in Q4   —  Chinese online anime-streaming platform Bilibili Inc. has filed a F-1 form to raise as much as US$400 million via a listing …
Mar 2, 2018, 9:25 PMIn context
Yimian Wu / China Money Network:
Bytedance, operator of Chinese news app Toutiao, sues Baidu for unfair competition, claims Baidu deliberately places negative news about Toutiao in top results   —  Beijing Bytedance Telecommunications Co., Ltd., the operator of personalized news app Toutiao, has sued China's largest search engine Baidu Inc …
Jan 31, 2018, 7:45 AMIn context
Yimian Wu / China Money Network:
Chinese on-demand electric vehicle sharing company Caocao Zhuanche raises $156M Series A from undisclosed investors at a $1.6B+ valuation   —  Caocao Zhuanche, an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB1 billion (US$156 million) …
Jan 17, 2018, 3:50 PMIn context
Pan Yue / China Money Network:
Didi Chuxing to fully acquire third-party payment firm 19Pay for $45M in a bid to expand into financial services   —  China's largest ride hailing firm Didi Chuxing, which ranks as the second most valuable company on China Money Network's China Unicorn Ranking, has agreed …
Dec 20, 2017, 11:50 PMIn context

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