China Tech Newsletter – June 5-8, 2015

BlueFocus Communication Group (SZ: 300058) announces to acquire 100% of mobile advertising network Domob Ltd. and 95% of for US$289 million and a 51% stake in mobile ad platform Madhouse Inc. for US$61.2 million. BlueFocus will invest US$10 million more in Madhouse that will increase its stake to 54.77% after the deal completes.

It is estimated BlueFocus’s mobile advertising business will become the largest by revenue in China. BlueFocus expects to make RMB3 billion (about US$484m) in mobile advertising revenues this year, with two thirds from Domob and Madhouse.

Wanda Group launches Wenzhuang Yihao (稳赚1号), a real estate crowdfunding project, together with 99BILL, the payment service provider in which Wanda has a majority stake.

It’s on 99BILL’s mobile finance app Kuaiqian Wallet (our translation). The funds raised will be used to build Wanda Plazas (commercial properties).  (via

Baidu has led two investments in two WiFi solution providers, 16WiFi and Qianhai Mobile.

16WiFi’s in-vehicle WiFi solution has been available in 22 cities including Beijing and Shanghai, according to the company. It’s also testing its solutions in subway trains in Beijing and Changsha.

VisionChina Media Inc. announced its affiliate Shenzhen Qianhai VisionChina Mobile Interactive Co., Ltd. (Qianhai Mobile) had raised approximately US$11.5 million in Series A round of funding led by the search giant.

Baidu announced to acquire Japanese native ad network Popin. (via Sina Tech)

NetDragon has announced to acquire ChiVox Co., Ltd., a voice and speech technology provider. Focused on education, ChiVox has developed speaking assessment solutions for educational organizations.

After selling 91Wireless, the leading mobile app distribution platform, to Baidu, NetDragon began to develop online education services.

Shopping app Xiaohongshu has raised Series A round of funding from GGV Capital and returning investor ZhenFund.

The startup started off in 2013 as a platform of user-generated tips for travellers shopping abroad and then began selling goods imported from countries such as Japan and South Korea.

Jiayuan announces receipt of amended “going private” proposal. It reported today first quarter results.

Local lifestyle service platform Wowo announced to merge with Hong Kong-based Join Me Group (HK) Investment Company Limited (“JMU”).


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s