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Alibaba buys stake in China’s equivalent of YouTube
How much for Youku Tudou Inc? Try US$1.22 billion! Right now, it’s the third biggest media acquisition by the company Alibaba is on a huge buying spree. In the past eight months, it has invested US$50...
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Tencent and GungHo owned iOS and GooglePlay respectively last March
China-based company was the top publisher based on monthly game downloads, while Puzzle & Dragons publisher was ahead in terms of monthly game revenue Tencent and GungHo Online did alright this...
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What are the top iOS and Android games for March?
As King’s Candy Crush Saga, Supercell’s Clash of Clans and Gungho’s Puzzle & Dragons were involved, a new indie-like title joined the fray: Smash Hit This game took March by surprise on the App...
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Tencent to buy stake in China’s mapping service NavInfo
The giant online publisher will spend US$187 million for an 11.3 per cent piece of NavInfo Last we checked, Tencent was busy buying and acquiring stakes in companies here and there. Its next target is...
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TradeHero launches Chinese mobile app
The financial stock market gamification app has released a Chinese language version for Android; has partnered with Baidu and Tencent As part of its expansion plans in China, financial stock market...
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Facebook has a plan to penetrate China despite being banned there
The giant social media company preps up to open an office in Beijing and plans to boost sales in Asia Facebook has conquered most of the world with its productivity-killing social network platform....
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Tencent earns net profit of US$1.03 billion in Q1 2014
Chinese company’s mobile gaming and chat app business helped increase net profit by 58% year-over-year; pulled in revenues of US$2.95 million Tencent, the Chinese company that currently publishes games...
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Are we witnessing the rise and rise of Tencent?
As Tencent battles Alibaba in the e-commerce space and moves to open a bank, are we seeing the unstoppable ascent of this Asian tech giant? Image credit: Alex Wong / Flickr Tencent Holdings posted a 59...
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Koudai Gouwu raises US$350M in Tencent-led Series C funding
The Chinese e-commerce company will use this massive investment to expand its user base Image credit: koudai.com Chinese e-commerce company Koudai Gouwu – or Pocket Shopping in English — quietly...
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Chinese photo-sharing startup Blink raises US$20M led by Tencent
The Series A round includes investment from Innovation Works and Sequoia Capital Image credit: Blink Chinese photo-sharing startup Blink has raised US$20 million in a Tencent-led Series A round that...
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WeChat launches MojiMe; wants to put your face on emoji stickers
MojiMe blurs the lines between selfies and emojis (or stickers), but will it catch on? Tencent is betting yes Image credit: MojiMe WeChat today launched what it hopes will become the ‘newest social...
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WeChat names new standalone VoIP app Dianhua or ‘telephone’
The move means WeChat has decided to create an entirely separate app for a function that it already offers within the main WeChat app Image credit: Albert Hsieh / Flickr Tencent-owned WeChat – China’s...
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Korean game designer raises US$100 million from LINE Tencent consortium
Mobile messenger giants Tencent and LINE throw their weight behind Korean game designer, 4:33 Creative Lab 4:33 Creative Lab, a top Korean mobile game designer, has joined hands with two of the world’s...
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Korean game developers jointly raise around US$1B from China
Korea’s gaming companies are increasingly looking for growth beyond its shores due to current market conditions Tencent is the biggest foreign investor in Korean gaming companies Korean developers are...
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China’s taxi app Didi Dache raises US$700 million in Series D round
Didi Dache will use funds to secure more users, boost market share, increase efforts in research and development, and enrich product offerings Image credit: zhangyang13576997233 / Shutterstock The taxi...
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Kamcord to continue growing in Asia with US$15M led by GungHo
The investment round also saw participation from new investors Tencent and Wargaming, as well as existing investors TransLink Capital, M&Y Growth Partners, Merus Capital and XG Ventures US-based...
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Wanda E-commerce raises US$161M to challenge Alibaba
The joint venture between Dailan Wanda Group, Tencent and Baidu grabbed funding from Centec Networks and Xude Rendao China’s Wanda E-commerce has announced securing an investment of US$161 million from...
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China’s 14 biggest tech financings of 2014
The 14 biggest deals to VC-backed tech cos in China totalled over US$5.1B in 2014, according to research firm CB Insights From e-commerce titans to taxi-apps and gadgets, the Chinese tech industry has...
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Mobile ad analytics startup AppsFlyer raises US$20M in Series B funding
The round was led by Fidelity Growth Partners Europe, with participation from existing investors Magma Venture Partners and Pitango Venture Capital AppsFlyer, an Israel-based mobile advertising...
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Funding Bytes: Daily tech funding news updates, May/18
Welcome to our daily compilation of tech funding news in Asia. We’ll be updating this post as news comes in, so watch this space Med-tech app Tissue Analytics raises US$750K in seed round led by...
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