Groupon has finally made its first incursion into China, in collaboration with the local web giant Tencent. The two companies launched GaoPeng.com, a local version of the popular Groupon service. The site is pretty much a Groupon copy, apart from the name, but, apparently, there are some distinctive features.The site... |
28 February 2011
11:18 GMT |
 |
|
Tencent Holdings, one of the most important Internet-oriented companies operating on the Chinese market, delivering instant messaging services, social networking and online video games to its customers, has acquired a controlling stake in developer Riot Games, the creator of League of Legends.
Brandon Beck, who is... |
8 February 2011
15:01 GMT |
|
|
Tencent, the largest Chinese internet company, has acquired Riot Games, an US-based game developer. Tencent is said to have paid about $400 million for its majority stake in the company which values the game maker at $472 million. It's one of the biggest investments by a Chinese web company in the US."We shared ... |
5 February 2011
07:06 GMT |
|
|
China's Ministry of Industry and Information Technology (MIIT) had to intervene and forcefully end a dispute between security software vendor Qihoo 360 and Internet media firm Tencent who were accusing each other of unfair business practices.It all started back in September, when Qihoo 360 claimed that Tencent&#... |
22 November 2010
13:38 GMT |
|
|
The recently renamed Mail.ru Group will be holding an IPO to sell off a reported 15 percent of its shares. It is said to be looking to get $500 million or $750 million, depending on the source, the latter figure valuating the company at $5 billion. Mail.ru Group has been known as Digital Sky Technologies and is a Rus... |
11 October 2010
11:52 GMT |
|
|
Naspers, a South African media company, has announced that it will acquire a 28.7 percent stake in Digital Sky Technologies (DST), the Russian internet company which has invested in Facebook and Zynga and recently acquired the ICQ instant messaging service. The two companies were already connected, both owning stakes... |
14 July 2010
09:02 GMT |
|
|
Find us on Google+
