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Posted inNews

PapayaMobile Announces IPO On NEEQ For International Expansion

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 […]

Posted inNews

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 […]

Posted inNews

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 […]

Posted inNews

Vancl: Downsizing for Upgrading

The Vancl downsizing rumors has been a constant topic ever since the company’s blind expansion to areas like electronic and household supplies. The latest one in a string of such rumors is that the Beijing-based online apparel service would be cutting its headcount by 25%. Vancl confirmed the rumor with local media National Business Daily, […]

Posted inNews

Infographic: Tencent Restructure 2012′

Tencent today officially announced its restructure plan to reorganized the heavy-weighted company into six business groups, including TEG (Technical Engineering Group), SNG (Social Networking Group), CDG (Corporate Development Group), IEG (Interactive Entertainment Group), MIG (Mobile Internet Group), and OMG (Online Media Group), which again are consisted of numerous departments and offices, the infographic pictured below could help […]

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