The latest update about the Sogou rumor is Wang Xiaochuan, CEO of Sogou, admitted on May 11th that they were in talks with Qihoo on potential investment but no written agreement was reached. But a  Chinese journalist heard that Qihoo offered...

Taobao – “exploring treasures” in Chinese – now is a household name in China. Ten years ago, Alibaba wanted to try out the online auction by putting up a Nokia phone online. That phone turned out to be the first item...

  AutoNavi (NASDAQ: AMAP), a Chinese digital map and navigation solution provider, announced that Alibaba has invested approximately $294 million in newly issued preferred and ordinary shares for about 28% of the company’s total shares on a fully-diluted basis. Thus Alibaba becomes its biggest shareholder....

Baidu announces today the acquisition of PPS (or PPStream), a peer-to-peer video service, for US$370 million. The latter will be merged into iQiyi, the online video service wholly owned by Baidu. Gong Yu, CEO of iQiyi, will...

Alibaba Group today announced the long-rumored investment in Sina Weibo, the microblogging service under Sina Corp., taking an 18% stake for $586 million. Hence Sina Weibo is valued at approximately $3.26 billion — the market cap of...

A year ago, we reported that Amazon Kindle might be officially in Chinese market soon. The latest rumor said Amazon China would start the pre-order of Kindle Paperwhite yesterday (27th April), but nothing happened. Today we heard...

Taxi app DiDi Dache (namely DiDi Taxi) reportedly has received US$15 million, at valuation of US$ 60 million, from Tencent who will take 20% stake in it. Cheng Wei, CEO of DiDi Dache responded by saying that the...

  Last month we heard that Umeng was possibly acquired by Alibaba Group. Today a source told TechNode that Jiang Fan, CEO of Umeng, confirmed the deal to a small group of the team. The price is...