Tencent’s Indian JV Acquires Local Internet Bus Ticket Website
Ibibo, the Indian joint venture invested by China’s Tencent and South Africa’s Naspers, has reportedly acquired an Indian online bus ticket website named RedBus.in.
JV
Alibaba, Tencent, Ping An Join Hands For Insurance JV In China
Ma Mingzhe, chairman of Ping An Insurance (Group) Company of China, Ltd, confirmed to Chinese local media that the company has cooperated with Alibaba Group and Tencent Group in the establishment of a new insurance…
China’s Letv.com, Tudou.com Set Up Internet Video JV
Chinese Internet video website Tudou.com has announced that it has created a joint venture with another Internet video website, Letv.com, in Shanghai.
More Possible China E-commerce Acquisitions For eBay
eBay reportedly expects its Greater China sales in 2011 to increase by between 30% and 40%, and the company will seek opportunities to acquire new assets to increase its market share in China.
Baidu’s Digital Music Deal Ends Legal Bout In China
Chinese search engine Baidu Inc. signed a digital music distribution deal in China with a company backed by Universal Music, Warner Music, and Sony Music.
Rumor: Groupon To Establish JV With Tencent In China
An insider from the Chinese Internet company Tencent has confirmed to the local media that the American collective buying website Groupon will establish a joint venture with Tencent to enter the Chinese market, and the…
New Digital Television Shopping Site Brings More Electronics Products To Chinese Consumers
Alibaba Groups’ online auction and e-commerce subsidiary Taobao.com is launching a new website focused on the sale of digital products in China.
Baidu, Rakuten’s Joint Website Launched In China
The B2B2C joint venture established by the Chinese search engine company Baidu and the Japanese e-commerce operator Rakuten has announced that it has formally adopted the Chinese name “Le Ku Tian” as the brand name…
Taobao.com, Yahoo Japan Reach Strategic Cooperation
Taobao.com, the Chinese Internet shopping website owned by Alibaba Group, and Yahoo Japan, which is held by Japan’s Softbank Group, have reached a strategic cooperation deal.
Baidu, Rakuten’s JV Formally Launched In Beijing
Three months after Baidu’s announcement of its plan to set up a joint venture with the Japanese e-commerce operator Rakuten, the JV was formally founded in Beijing’s Tongzhou district last week.
