4G phone shipments reached 195 million units, a 380% year-over-year growth, in the first half of 2015, according to the latest report by the China Academy of Telecommunication Research. New 4G phone models released in H1 were 552, a 59% year-over-year increase.
Total mobile phone shipments were 237 million, a 7% year-over-year increase.
LeTV (SZ:300104) and its affiliate Letv Sports will invest RMB10 million (about US$1.6) and RMB5 million (about US$800,000), respectively, into Edooon, a fitness tracking app developer.
PC Web, an online community for early care and education, raised UK$293 million (US$38m) after launching its IPO on Hong Kong’s Growth Enterprise Market yesterday.
Established in 2005, the company mainly makes revenues from online advertising. In 2014 it made a total of RMB53.4 million (about US$9m) in revenues, with 80% from advertising.
Gurum Company, Inc., aSouth Korean subsidiary of mobile gaming company Chukong, gets listed on the Korea New Exchange.
Gurum company develops and publishes mobile games, and is responsible for market expansion of Chukong mobile gaming engines in South Korea. The company made about US$21 million in revenues and US$1.5 million in net profit in 2014. (via Sina Tech)