Showing 11 of 23 posts with this tag
Magnachip, a South Korean semiconductor company listed on the New York Stock Exchange, announced on Monday that its merger with Chinese private equity firm Wise Road Capital was officially terminated.
China’s antitrust regulator is unlikely to approve Baidu’s acquisition of Joy Inc.’s video-based home live streaming business YY Live for $3.6 billion.
Sogou CEO Wang Xiaochuan released an internal email today, saying that "from today, Sogou will be integrated into Tencent, and I will officially step down as Sogou CEO."
Chinese internet giant Sina announced on Sept. 28 that it would go private and delist its US shares, ceasing to trade on Nasdaq where it went public in 2000, after an entity led by Charles Chao, the chairman of Sina, boosted its offer for the company to $43.3 a share in cash.
Chinese media outlet LatePost reported on August 8 that Tencent Video and Weishi have started a new round of integration, even while they continue to develop independently.
Yang Dazhi, the former general manager of Tencent Kandian, has transferred to Tencent's Cloud and Smart Industry Group (CSIG) as the Deputy General Manager of Hong Kong, Macao, Taiwan and the International Business Department.
As a result of the merger, the company ceased to be a publicly traded company and became a wholly-owned subsidiary of parent.
On September 11th, Kaixin Auto announced that it has signed a non-binding letter of intent for acquisition with WM Motor.
Chinese media outlet Jiemian reported on Thursday that Tencent Kandian, a subsidiary of Tencent Platform and Content Group, will change its official name to Information Platform and Service Line this Friday.
NYSE-listed video game livestreaming platform Huya Inc. announced on Oct. 12 to buy DouYu International Holdings Ltd., which is expected to delist from the Nasdaq, creating a $10 billion livestream mammoth.
Chinese co-working space provider Ucommune has entered into a merger agreement with New York-based acquisition company Orisun Acquisition Corp.