Forty-three days after the pre-sale of its Hengchi 5 model began, Evergrande Auto is reportedly to be acquired by another automobile company, and this acquisition may be led by the local government.
Sogou Map announced through its official website on Wednesday that it would officially stop operations at 23:00 on May 15, closing all services.
Honeymoon Dessert and Tea Buds, two Chinese food and beverage brands, have recently merged. The parent company of Honeymoon Dessert also announced the completion of a new round of strategic financing.
RISE Education announced on Tuesday that it has signed a definitive merger agreement with Data Auto Inc., also known as NaaS, serving the Chinese electric vehicle battery charging market.
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.
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.
Tencent issued an internal announcement about the adjustment of the positions of two of its vice presidents.
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 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.
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.
Chinese online search firm Sogou announced today that it has completed a merger according to an agreement reached with Tencent Holdings on September 29, 2020.
Tencent would officially announce the merger of Sogou this week. Due to the merger, Tencent Kandian will absorb most of the business and employees of Sogou.
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.
Last week was significant for the esports industry in China as the Chinese anti-monopoly authority terminated the merger between China’s two largest gaming live streaming companies - Douyu and Huya. Both live streaming platforms are controlled by Chinese conglomerate Tencent Holdings, and Tencent would have had a 70% market share of the live stream gaming sector if the merger had gone ahead.
China's market regulator on Saturday blocked tech giant Tencent's merger of Huya and Douyu, two videogame streaming platforms.