Search Results for: ant financial

Sogou will go public in the U.S. and take a big step forward. Yesterday, Sogou formally submitted its prospectus to the U.S. Securities and Exchange Commission. Sogou plans to raise up to 600M dollars through IPO. If all goes well, Sogou will be another eye-catching listed company this year after Snap, MuleSoft, Yext, Carvana, Cloudera…

In June, Wuhan police cracked down a case of selling personal information. They intercepted and captured more than 26 million pieces personal information. On October 7, reporters learned from Wuhan Public Security Bureau that the case had some new progresses. After four months detection, the police recently destroyed five telecom fraud gangs, detaining 58 people…

Didi Chuxing is the largest unicorn company in China valued at 50 billion USD. Over the past three years, not only did the company’s valuation grow in double digits, its investors also witnessed the highest rate of return ever of over ten thousand folds. However, despite the rapid expansion growth Didi is experiencing, the company…

He Swore ‘Never Do Games Business’ While Now Enter Game Industry in High Profile In June 2010, when talking to the then Chinese Premier Wen Jiabao, Alibaba Chairman Jack Ma said, "we firmly believe games couldn’t change China. China pursues single-child policy. If children play games all the time, what will our country be like…

On September 25, in a bid to further fuel the progress of its “new retail” strategy, Alibaba announced that it intends to raise its stake in its affiliate—Cainiao Network and pledged 100 billion yuan investment in next five years to the logistics arm that had already received tens of billions yuan to expedite leading global…

On September 25, Starbucks and Alipay announced cooperation. Finally, the Starbucks will accept the payment system at over 2,800 of its cafes across China. “The days that we receive complaints from customers at Starbucks are over.” Alipay declared in its official weibo account. Alipay is available at over 3,200 Starbucks stores worldwide “Do you accept…

On September 20, Mobike made its way to Washington, D.C., officially landing on the North American market. It also marks that Mobike featured Chinese creativity has entered the eighth country, which is a milestone in Mobike’s international expansion and leads Chinese innovation sail abroad. Washington D.C. welcomes the arrival of Mobike. The two sides worked…

On the evening of Today (September 20), China International Capital Corporation Limited (CICC) announced in Hong Kong Exchanges and Clearing Limited (HKEx) that Tencent as strategic investors subscribed 207.5 million shares of CICC, accounting for 12.01% of CICC H shares and 4.95% of the total share. The subscription price is 13.80 HKD per share. The…

With the buzzword “Sharing Economy” spreading like wildfire recently, some folks online started joking about having sharable girlfriends next. Taqu (Touch), a popular Chinese adult product m-commerce and socializing app that just went listed on NEEQ (National Equities Exchange and Quotations), recently launched a service for delivering “shared girlfriends”. However, the service isn’t delivering actual…

On September 13, Weibo announced that it became the official strategic cooperation partner of the League of Legends in China. Weibo will broadcast live coverage of the 2017 League of Legends world finals, which will be held from September 23 to November 4. At present, eight platforms will live broadcast 2017 League of Legends global…

In recent years, the so-called virtual currencies, including Bitcoin, Litecoin, and various forms of tokens, have been traded in a centralized manner on several internet platforms. As such trading attracts more participants, related financial and social risks have reached to a level that cannot be ignored. In order to help the public correctly know about…

Tencent and Alibaba reached an agreement on music copyright cooperation and granting exclusive music licensing rights to each other. This cooperation casts a massive shadow on another popular music streaming app in China—NetEase Music. With its IPO drawing near and the recent news of its new round of financing (worth about 300 million USD), Tencent…

After the Initial Coin Offering (ICO) was banned, Bitcoin receives another blow. On the evening of September 8th, news came that the supervisory authority decided to shut down the virtual currency trading platforms in China, which involves all the platforms between the virtual currency and legal tender represented by OKCoin, HUOBI and Bitcoin China. As…