Airbnb, valued at $30 billion, is accelerating its drive into Asia.
Tencent joins rival Baidu Inc. as a backer of Kuaishou.
Tencent has strengthened its presence in the Thai market through the formation of a joint venture (JV) with Thailand’s Ookbee in the form of Ookbee U, which is intended to be the foundation of a digital media content ecosystem. Ookbee is a digital entertainment platform startup that started as an online book and magazine… Read more »
Chinese Internet companies are pursuing international growth through M&A in a trend that is likely to see a slight dip in 2017.
China’s third-biggest search engine expects to hold a U.S. initial public offering at a valuation of as much as $5 billion as it raises cash to close the gap with leader Baidu Inc. in the mobile market. Sogou, whose name means “search dog,” plans to sell about 10 percent of… Read more »
Twitter Inc executive Kathy Chen, brought in to run Greater China just over eight months ago, has quit, according to a tweet sent by her over the weekend. Twitter has been blocked in China since 2009 but is still used through virtual private networks (VPN). Domestically, the Sina Weibo microblogging… Read more »
Tencent Pictures, the film unit of China’s biggest internet company, is looking for acquisitions that can accelerate plans to make its own blockbusters instead of just writing checks for them. The potential targets could be in Hollywood and include companies on both the creative and production sides of movie making,… Read more »