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Chinese online travel website Ctrip.com and low-cost airline China Eastern Airlines signed a strategic cooperation framework agreement under which Ctrip promised to invest CNY3 billion to subscribe to non-public offering A shares of China Eastern Airlines. At present, China Eastern Airlines' valuation is about CNY87 billion. Based on this calculation, Ctrip will hold a 3.45% stake in China Eastern Airlines. According to the strategic ...
According to information published by an online regulatory approval platform for investment project under China's National Development and Reform Commission, the privatization project of Qihoo 360 has been approved by National Development and Reform Commission and it is now up for public comment. This project was approved on April 19, 2016 and its legal entity is Tianjin Qixin Tongda Technology Company Limited. Tianjin Qixin Tongda ...
Are more Chinese netizens using chat apps and VoIP than speaking on their mobile phones? The latest financial results from China Mobile appear to show traditional phone calls are not keeping pace with modernity. Chinese telecom operator China Mobile published its annual performance for 2015, stating that the company achieved operating revenue of CNY668.3 billion in 2015, a year-on-year increase of 2.6%; and its profit attributable to shareholders ...
Chinese Internet video company Ku6.com announced that their board of directors has received an initial non-binding privatization offer from controlling shareholder Shanda. According to Ku6, Shanda offered to buy Ku6 for USD0.0108 per ordinary share, which equals USD1.08 per ADS. This proposal values Ku6 at about USD51.5 million, which represents a premium of 54% compared with its ADS closing price on January 29, 2016. Meanwhile, ...
Camel Train - Cable Beach, Australia Photographer : Lauren Bath
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