More than one year ago, Alibaba sold down stakes in Momo four times and lost its position as the second largest shareholder. Momo's live streaming business then unexpectedly took off last year and brought the company significant amount of revenue. Read More
Jiangxing Media, partially owned by Chinese actress Yang Mi, announced it has secured RMB 250 million ($36.8 million) worth of new shares from Zhejiang-based Perfect World Investment & Holding Group on the New Third Board, China’s stock market for start-ups. Read More
Major listed Chinese tech firms have released their latest quarterly results, and most of them delivered strong performances. Here’s a roundup of some of the top performers, including BAT, JD, Weibo, and Momo. Read More
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