Public Notes by chase_ats Tagged #chinese_companies
Notes publicly shared by our members.
Interesting, Sohu start Sogou the search engine. In third place. Sold 40% to none other than Tencent lol! Qihoo 360 is apparently in 2nd place. Didn't know that. Also the deets on market share in China: "Data compiled by Bloomberg Intelligence finds Baidu with a commanding 74.4% of the search market, followed by Qihoo 360 at 17.3% and Sohu.com's Sogou at 6.9%." --- I find these stats hard to believe. Or maybe that's how little I know of the power of the Firewall. 98.6% of searches are done by just these 3? Let's say .5% more are done by other Chinese seach engines. That means less than 1% go to all the other search engines around the world? Damn! #chinese_companies #tech_companies #IPOs #public_companies #news #big_tech #pub
"China’s largest e-commerce company, Alibaba Group Holding Ltd (NYSE: BABA), owns 23 percent of Baozun through the company’s investment unit Alibaba Investment Ltd. It is currently Baozun’s largest investor. After the offering, its stake will fall to 18.2 percent and its voting power will reduce to 10 percent." #subsidiaries #alibaba #chinese_companies #public_companies #$to_watch #pub
2017-05 "A Chinese tech company has completed its purchase of Grindr. In January 2016 Beijing Kunlun Tech acquired 61.5% of the gay social-network app for $93 million. It’s now announced plans to purchase the remaining 38.5% stake in Grindr LLC for $152 million, according to Reuters." #acquisitions #investments #dating_apps #chinese_companies #tech_companies #startups #news #pub