Programmatic advertising technology company PapayaMobile has announced their initial public offering (IPO) on China’s National Equities Exchange and Quotations Index, also known as the New Third Board. With a valuation of 2.2 billion yuan ($337 million USD), PapayaMobile is projecting a revenue of 1 billion yuan ($153.3 million USD) with 100 million yuan ($15.34 million USD) in […]
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Google Play Store Will Come To China In 2016: Reports
This September Google-watchers were buoyed by reports that the play Store may be entering China this fall. However according to sources cited by Reuters, the launch of a China-side Play Store has a much looser timeline: 2016. Google has regulatory hurdles to overcome before they are allowed to pre-install the official version of their app store […]
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How Korean Startup CEOs Joined Forces To Track The MERS Virus
Middle East Respiratory Syndrome (MERS) continues to spread in South Korea. The number of fatalities stands at 27 of a total 179 MERS diagnoses, with more than 3,000 people currently under MERS quarantine. But medical officials aren’t the only ones fighting back, a series of CEOs from Korean startups stepped up and produced a crowdsourced map that tracks the virus […]
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Tencent Restructures E-Commerce Business. Yixun Will Have to Go.
Employees of Tencent’s e-commerce business group were told this afternoon that there has been a restructure and some of them have been assigned to other business units. Now it’s not a secret that Tencent is in talks with JD.com, one of the biggest online retailers in China that just filled for an IPO in the […]
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China Tech Roundup: Baike.com IPO? Alipay Restructure Rumor
Baike.com set up sales units for IPO? Chinese independent online encyclopedia service Hudong Baike (Baike.com) which raised RMB 100 million in its latest funding in last August reportedly set up regional sales business units based in Beijing, eastern and southern part of China to ramp up sales force and revenue. The move is also interpreted […]
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Tencent to Restructure Mobile Business Again?
Rumor has been whirling recently that Tencent is about to restructure its Mobile Internet Group again after last year’s major reorganization in which the company was divided into six business groups. Local portal site Sina Tech reported that Liu Chenming, EVP of Tencent and president of Tencent MIG (Mobile Internet Group) confirmed his resigning. Ren […]
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Sina CEO Internal Letter on Restructure and “Mobile First” Strategy
Sina just underwent a major shake-up in this week as the company announced a restructure in which its main businesses were split into two major ones, namely traditional portal business and the new Weibo division. Charles Cao, also known by Cao Guowei in Chinese, sent an internal email to all Sina staff on the reorganization, […]
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Qunar Restructures, Implying Imminent IPO?
In January this year, Chinese OTA (online travel agency) Qunar told us that it planned to go public once market stabilized. While according to the latest updates from insiders, the Beijing-based company is packing for an IPO in the States no later than the first half of 2013. Qunar created a new option pool to […]
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China Mobile to Revamp Fetion to Fight Back against WeChat
A leaked internal report (source in Chinese) by Fetion, the IM service from China Mobile revealed the fact that the rise of Wechat, or Weixin, has really threatened the peaceful life of the biggest carrier in China. However, the telecom giant sill chose to press on and aimed to save the SMS back to life. […]
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RedBaby in Integration Process After Suning Acquisiiton
After being acquired by Suning.com four months ago, Chinese maternity-child vertical RedBaby has went through some restructure in an aim to integrate itself more closely into Suning’s platform, starting with a 15% layoff and a new head from Suning to rule over the entity. Chen Shuang, the incumbent COO of RedBaby still runs the company’s […]
