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Transportation Company Bitauto Attracts $300 Million Funding

Bitauto Raises $300 Million in Funding Round: Baidu Invests $50 Million

Jun 07, 2016 05:38 PM EDT

Bitauto Holdings Ltd., an online content and marketing services outfit, raised $300 million in its latest funding round. Leading technology companies such as JD.com, Tencent and Baidu participated, with each contributing $50 million.

Jack Ma at Guiyang International Big Data Expo 2015

Big Data Becomes Bigger in China: 2016 International Expo Kicks off in Guizhou

Sami Ghanmi |

May 26, 2016 11:53 AM EDT

Big Data is going big in China as the Guiyang International Big Data Expo 2016 kicks off on Thursday in the city of Guiyang, the capital of the Guizhou province located in southwest China.

Tencent Holdings acquires a majority stake in 'Clash of Clans' maker Supercell Oy from Japan's SoftBank.

China's Tencent in Talks to Acquire A Majority Stake in 'Clash of Clans' Hitmaker Supercell from Softbank

Charissa Echavez |

May 23, 2016 08:45 PM EDT

WeChat owner Tencent Holdings Inc. is reportedly negotiating to acquire a majority stake in Clash of Clans hit maker Supercell Oy from Japan's SoftBank Group Corp.

Tencent, Baidu to Lead China's Digital Ad Market

Charissa Echavez |

May 19, 2016 12:26 PM EDT

Tech giants Baidu and Tencent are expected to dominate China's digital advertising market, just like their American counterparts Google and Facebook, according to a report from Goldman Sachs.

China surpasses US and Japan as top spenders on mobile games.

China's Mobile Game Market Surpasses US, Japan

Charissa Echavez |

May 04, 2016 12:31 PM EDT

China has been named the top spender on mobile games with a total revenue of $7.1 billion, surpassing both the United States and Japan, according to the latest reports by intelligence companies Newzoo and TalkingData.

WeChat is now the most popular social app in China.

WeChat Now China’s Most Popular App with Over 700 Million Active Users Monthly

JB Boral |

May 02, 2016 11:54 AM EDT

In March, WeChat from Tencent broke the 700 million monthly active user (MAU) records, which shows how far the company is ahead of the competition, in terms of user base. For years now, it is said that WeChat, which was released first in January 2011, has been the social app choice of China.

China allegedly shuts down at least five online data storage provider.

Did the Chinese Government Really Order Online Data Storage Providers to Close Down?

Charissa Echavez |

May 02, 2016 07:13 AM EDT

At least five online data storage provider said that the Chinese government ordered them to close down their services, South China Morning Post reported. The move represents the country's extensive implementation to control online content in the mainland.

Tencent's WeChat officially launched work-only app WeChat Enterprise.

WeChat Officially Launches Enterprise WeChat

Charissa Echavez |

Apr 25, 2016 10:24 AM EDT

The battle to reign China's communications industry began on Monday when Chinese tech firm giant Tencent Holdings Ltd. officially kicked off its Qiye Weixin, or Enterprise WeChat, app.

Chinese tech firms reportedly commit to help combat online terrorism activities

Chinese Tech Firms Commit to Help Fight Online Terrorism Activities

Charissa Echavez |

Apr 12, 2016 11:05 AM EDT

Technology firms in China have committed to combatting online promotion of terrorism, the government's internet regulator announced on Tuesday.

WeChat is set to launch a separate app for its enterprise clients

WeChat to Launch Separate App for Enterprise Clients

Charissa Echavez |

Mar 12, 2016 01:33 PM EST

Messaging app WeChat is set to launch a different application intended for its growing enterprise clients.

Uber is losing $1 billion per year because of heated competition

Uber Losing $1 Billion a Year due to Tough Competition in China

Charissa Echavez |

Feb 20, 2016 04:23 AM EST

Taxi-hailing app Uber is reportedly burning through over $1 billion per year in China as the competition intensifies with another China-based taxi app Didi Kuaidi.

WeChat will begin charging consumers fee for every digital wallet to bank transaction

WeChat to Start Charging for Digital Wallet to Bank Account Transfer

Charissa Echavez |

Feb 17, 2016 12:17 PM EST

Tencent Holdings Inc. announced that its popular messaging app WeChat will begin to charge a fee for every money transferred from the app's digital wallet service to a client's personal bank account.

Internet company employees receive red envelopes from Chinese employers

Employees of Internet Companies Receive Red Envelopes

Charissa Echavez |

Feb 17, 2016 11:27 AM EST

Employees of several internet companies in China started the Lunar New Year on a high note as they received red envelopes from their employers on the first day of work following the long Spring Festival holiday.

ESPN Gets Serious About China, Strikes Major Distribution Deal With Tencent

Girish Shetti |

Feb 03, 2016 01:12 PM EST

ESPN, the sports arm of entertainment company Disney, has struck a major distribution deal with Chinese Internet giant Tencent.

Garnet, a tech consultancy firm, revealed that mobile payment system will soon invade public services

Public Services in China to Accept Mobile Payment Soon

Charissa Echavez |

Jan 30, 2016 07:50 AM EST

A recent report by market research firm Gartner said a mobile payment system will soon be used by residents in more than 70 percent of the cities in China to pay for bills including taxes and electric dues. The firm revealed that a number of local government agencies have been persuaded to switch to the new payment platform.

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