Chinese group buying market has been seeing a new wave of consolidation during which the bubble of bloated market burst and big guys are gobbling up the market share. For example, Gaopeng, the JV of Groupon and Tencent, merged with FTuan in July 2012. And the new venture just completed a new round financing worth US$40 […]

Shanghai-based DDMap just secured its Series D round of financing from Citi Ventures and Alibaba, according to people familiar with the matter. DDMap, one of the largest Chinese life services website received US$ 40 million from a round led by F & H in this April. And the startup beefed up its team and ramped […]

China’s music industry is about to go through a major shake-up by year-end as, according to people familiar with the matter, Chinese government, partnering with portal site Sina, is setting up a new firm to pull off toughest ever regulation over digital music copyrights. In other words, the new venture, from which all Chinese music […]

Do you still remember what were you doing at the age of 18? Playing video games? Watching TV plays? Or hanging out with friends? Some apparently weren’t able to position themselves in a life like that. Ji Yichao, also known as PeakJi online, developed the first version of a full-fledged iPhone browser dubbed Mammoth in 2010, […]

The Berjaya Corporation, an investor of Beijing-based group buying service 24Quan was reportedly in talks with Beijing Wangluotianxia Life Technology Company about a potential sell of 24quan. Wangluotianxia was formed by the merger of Gaopeng (Groupon China) and FTuan in this June, both received investments from Tencent. Du Yinan, founder and CEO of 24Quan wasn’t […]

Foursquare is now hacking into (or checking into?) Philippines this December with the all-day-long mobile application hackathon Foursquare Hackday Philippines, co-organized by Smart DevNet & WebGeek, both are programmers’ community in Philippines. The event, charges PhP 1000 for one ticket or 200 for early bird discount starts on Oct.29, is to be held at Sadoce, […]

Chinese group buying service aggregator Tuan800 released a latest report, indicating that by the end of September Chinese group-buying sites shrank to 2919, dropped 42% yoy. The message can be translated into the fact that 5.9 Chinese group buy sites either shut down or pivoted to other ideas every day. 24Quan which use to be […]

Wang Zhan, VP of Chinese search giant Baidu disclosed on Oct. 23 that the company’s ad revenue is expected to exceed RMB 20 billion this year, much higher than last year’s 14 billion. Baidu’s ad revenue in Q1 and Q2 is 4.47 billion and 5.46 billion respectively, the total sum almost nearing 10 billion in […]

Investors who focus on China TMT startup, don’t give yourself a hard time if it’s the first time you heard of a company dubbed YY Inc. “is filing with SEC to go public” on TechNode couple days ago. Even for many Chinese locals, the China southern Guangzhou-based company could catch too much of their attention […]

Sohu staff recently leaked a new spin-off plan for its video site SohuTV with an imminent IPO plan. China’s video market showed some good signs recently. According to a new report by iResearch, the Chinnese Internet thinktank, in terms of monthly page views Youku(4.846b), Tudou(2.674b) and SohuTV(3.131b) won the first three places. The former two […]