Tencent Makes a 50 Million Yuan Investment on mamacn.com

Reporter had learned yesterday that Tencent has made a 50 million yuan investment on mamacn.com, a parenting community website. This investment constitutes the first round of financing of mamacn.com, which will be mainly used in expanding its staff team, exploring lives in cities around china, as well as improving...

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Tencent Invested into OkBuy

Another huge financing in e-commerce sector was disclosed lately. The B2C online footwear retailer OkBuy has completed its C-round financing, which was co-invested by Tencent and Draper Fisher Jurvetson (DFJ). Tencent alone provided as much as 50 million US dollars, which is the largest financing in vertical B2C sector...

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Yahoo share price plummet as Alibaba Spin off Alipay

The giant internet company, Yahoo noted late this Thursday that Alibaba Group China base has transferred the ownership of its online payments unit Alipay without any notification. Yahoo shares have fallen more than 6% in the premarket trading on Friday. Yahoo said in the Claim on Thursday that it will continue to work...

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Taomee’s 61.com to be listed in NYSE on June 9

News on May 28 said that Taomee’s IPO application was finally approved, and will be listed in the U.S. New York Stock Exchange on June 9 under the ticker TAOM. It planed to finance 100 million US dollars to the most. 61.com submitted its prospectus to American Securities and Exchange Committee on May 18, declaring...

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27 Enterprises Got Third-Party Payment License

News on May 26 said that the Third-Party Payment Licenses have been mailed to relavent enterprises and organizations, which amounted to 27. The private-owned third-party payment enterprises of Tenpay, Alipay and 99bill all received the licenses. The “Management of Payment Service of Non-Financial Institution” issued...

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