China Tech Newsletter – Nov. 19, 2015

Weibo reports 62% year-over-year growth in advertising revenues. Value-added services, premium subscriptions and other paid offerings, only saw 1% increase due to a 72% decrease in data licensing revenue.

Advertising revenues excluding that from Alibaba’s e-commerce ads grew 94%, driven by spending from its 500,000 SME advertisers.

Monthly active users increased 33% to 222 million and daily active users reached 100 million.

Sina reports third quarter results.

Charles Chao on Weibo and Sina results.

Alibaba announces two funds to invest in startups in Hong Kong and Taiwan, respectively. — TechCrunch

Chinese 4G subscribers increased 26 million in October to 328 million, accounting for 25% of the total mobile phone users, according to the Chinese Ministry of Industry and Information Technology.

Huayi Brothers, a leading film production company, announces to acquire a 20% stake in mobile gaming company Yingxiong Huyu for RMB1.9 billion (roughly US$300M).

Yingxiong Huyu was founded by Ying Shuling, former president of China Mobile Games (CMGE).

More companies that reported third quarter earnings today:


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