Didi to Raise RMB10 Billion for Fast Food Delivery Business
According to info released by Shanghai Stock Exchange. Didi is to raise RMB10 billion. This is less than half month from its recruitment of fast food delivery operators. A new round of money battle is expected in fast food delivery market.
Alibaba Prepare A Stock Market IPO
Mar 15th, according to informed sources that Alibaba Group is preparing to return to China’s A Stock market after its IPO in New York Stock Exchange 3 years ago. Alibaba Group confirmed the plan, but didn’t reveal a time table.
Xunlei 2017 Results
Mar 15th, Xunlei (Nasdaq:XNET) released unaudited Q4 and yearly results for 2017. As of Dec 31, 2017, the Company received a revenue of USD200 million, up by 43.2% from last year. Revenue of Q4 was USD82.40 million, up by 128.5%, up by 83.9% from Q3 and net profit was USD41.0 million. Net loss of the year was USD37.82 million.
ofo Fund Raising USD866 Million
March 13th, ofo, a sharing bike company completed its fund raising and received a investment of USD866 million. The investors were led by Alibaba Group.
Foxconn IPO Approved by Authorities
Mar 8th, Chinese securities regulatory body has confimed the IPO of Foxconn. Since Foxconn submitted its application, only 36 days have passed. This is the new speed record of IPO in China’s A Share market.
Qualcomm Negotiating with Huawei over Patent Dispute
Qualcomm is negotiating with Huawei over a patent dispute and is likely to settle in the next few weeks. Meanwhile Qualcomm is resisting an acquision offer from Broadcom.
ZTE Grow by 20% in India
Feb 27th, due to 4G network expansion and circuit constructions by Bharti Airtel, Vodafone India and Idea Cellular, plus a USD400 million contract for wireless business, Chinese telecommunication infrastructure provider ZTE is expect to receive 20% more revenue than same period last year.
Ali to Buy Ele
Feb 26th, according to sources close to the deal, Ali Group is to acquire all the equity of ele, a meal delivery platform, which is estimated to be worth USD9.5 billion. The final price is under negotiation.
Blibili Content Copied by 360Kan
Feb 22nd, uses of Bilibili.com have found their uploaded content and user info have been copied by another website 360kan.com. While acknowledging that some content are duplicates from Bilibili.com without permission, 360kan.com denies accusation of copying the database.
Toutiao Acquires Faceu
News portal Toutiao.com has acquired mobile phone photo tool Faceu on Feb 18th for a consideration of USD300 million. According to Toutiao.com, this is a normal acquisition to complete its business structure.