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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PPTV, PPS’s Direct Competition, Launches A Set-top Box
Last week PPTV, or PPLive, launched PPBox, a set-top box and a series of apps. Back in 2011, the company had begun providing online video content to some set top boxes but was stopped by the SARFT (The State Administration of Radio Film and Television) for the licensing issue. Earlier last year, it reached partnership with […]
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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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[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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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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Wall of Sport to Make Your Sports Watching Experience Different
Tadeusz Jankowski, CEO of Wall of Sport The fast approaching Brazilian World Cup to be kicked off this July is definitely beyond exciting for sports fans that have waited for the gala for four years. Wall of Sport, a Singapore-based social sports insight website, may bring more fun to the month-long sports holiday. Wall of […]
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Tencent Clinched Cooperation Agreement with Anne to Tap Digital Lottery Industry
Tencent inked cooperation agreement with paper maker Xiamen Anne (SH: 002235) to develop an open platform for paperless lottery. Xiamen Anne released a lottery app last year to increase the market share of paperless lottery (source in Chinese). The Ministry of Finance (MOF) released Lottery Issuance and Marketing Management Measures at the beginning of this […]
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Video Streaming Service Baofeng Plans IPO on the Shenzhen GEM
Fengxin, CEO of Baofeng.com, disclosed that his company had submitted its application for IPO on the Shenzhen GEM. He claims Baofeng, unlike most other video services, has been profitable for three years. (in Chinese) Previously Baofeng raised a total of $24 million in financing, according to media reports. The company once planned to list on […]
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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 […]
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Sohu’s Charles Zhang is Back with All the Hype
It’d been a long while before Sohu drew public attention again. Charles Zhang, founder and CEO of the company, said he became depressed around 2010 and kind of “retreated”. He would expect Sohu Weibo to become a hit if he didn’t left from the frontstage back then, he said so in a recent interview. Now there’s […]
