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Push Notification Service Getui Announces Eight-digit Dollars Series B Funding

Getui, a Beijing-based third-party push notification service provider, has closed an eight-digit dollars of Series B financing led by SAIF Partners, with the participation of all existing Series A investors including U.S. venture firm WI Harper. According to the company, the proceeds will be used for research and development, marketing and branding. Upon release of the funding […]

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[Update] Alibaba Starts to Sells First Ever Private Brand Hardware Tmall Box for 299 Yuan

Alibaba starts to sell set-top-box Tmall Box today on its B2C e-commerce site Tmall. This is the first time for the Chinese Internet giant to commercialize private brand hardware, although it has released last year another set-top box Wasu Rainbow together with Wasu Media, one of the several state-authorized content providers. [Update] 5,000 Tmall Boxes […]

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PPTV Plans to Turn A Profit This Year, Hints An IPO

PPTV, an on-demand and live streaming service, plans to make a profit in the fourth quarter this year, said its CEO, Vincent Tao. And they are “actively” preparing for an IPO, waiting for markets to pick up. He also estimated that consolidations, acquisitions or investments would possibly happen in video industry in the second half of this year. The company […]

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[Update] Suning Commerce Fully Acquires Group-purchasing Site Manzuo with Nearly 10 Million Dollars

Suning Commerce (SZ:002024) announced that it fully acquired group-buying site Manzuo for nearly $10 million (source in Chinese), continuing its expansion into Internet industry after becoming the largest shareholder of peer-to-peer video streaming service PPTV last year. In addition to maintaining independent operation, Manzuo will also take over the group-buying and travelling businesses under Suning. Feng Xiaohai, founder of […]

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Taobao Shopping Is What Makes Alibaba’s Smart TV Business Different

  Alibaba announced the long-rumored custom Android system for TV and a set-top box, Wasu Rainbow, today, with the latter going on sale in two to three months. It partners with Wasu Media, one of the several state-authorized content providers, to stream online videos onto Smart TV screens. As to the Smart TV sets, manufacturers including Skyworth and Changhong have […]