wanda-group Archives - Elite Sites

Alibaba, Wanda heads’ investment firms lead $129 mln fundraising in LeTV sports firm

May 13, 2015 creative 451-37-million, alibaba-group, ceremony-during, debut, jianlin, leshi-internet, stock-exchange, wanda, wanda-group

BEIJING/SHANGHAI (Reuters) – Wanda Group's Wang Jianlin and an investment firm founded by Alibaba Group Holding Ltd's Jack Ma took part in a 800 million yuan ($129 million) funding round for a little-known sports entertainment company backed by local tech firm LeTV. The funding, conducted in two parts, valued LeTV Sports at about 2.8 billion yuan ($451.37 million), Leshi Internet Information & Technology Corp Beijing (LeTV) said in a statement on Wednesday.

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Tencent first quarter revenue beats estimates as video, social ad sales drive gains

May 13, 2015 admin beijing, biggest-social, facebook, global, internet, internet-conference, social-networks, stock-exchange, wanda-group

By Paul Carsten BEIJING (Reuters) – Tencent Holdings Ltd, China's biggest social network and online entertainment firm, posted higher-than-expected first quarter revenue as a drive to sell more advertising on its social networks and entertainment services began to pay off. Tencent's social networks are as ubiquitous in China as Facebook Inc is in many parts of the world, and the company has said it wants to emulate the success of its U.S

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Facebook to let nine news companies publish news to mobile feeds

May 13, 2015 publisher articles, bbc, beijing, facebook, global, internet, internet-conference, news-publishers, phone, smartphone-user, social-networks, stock-exchange, the-articles, wanda-group

(Reuters) – Facebook Inc tied up with nine news publishers to launch “Instant Articles” that will let them publish articles directly to the social network's mobile news feeds. Instant Articles will let stories load more than 10 times faster than standard mobile web articles and will include content from publishers such as the New York Times, BuzzFeed and National Geographic, Facebook said in a blog post on its website

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LVMH’s Sephora picks JD.com for China online store, says fakes a concern

May 13, 2015 admin 174-physical, combined-2-53, facebook, global-firm, hennessy, social-networks, wanda-group, wednesday

Global beauty retailer Sephora, part of French luxury goods group LVMH Moet Hennessy Louis Vuitton SE, launched its first online store in China on shopping platform JD.com Inc, the latest global firm to tap into China’s booming e-commerce market. The cosmetics chain, which has 174 physical stores in mainland China, said on Wednesday it had chosen JD.com partly due to its focus on fighting counterfeit goods, an issue that has plagued China’s online retail market including sector leader Alibaba Group Holding Ltd

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WeChat is Tencent’s ace in China’s online entertainment race

May 12, 2015 admin chinese, combined-2-53, details-on-its, facebook, give-specific, hollywood, million-monthly, music-content, social-networks, tencent, wanda-group

By Paul Carsten and Lisa Richwine BEIJING/LOS ANGELES (Reuters) – In a multi-billion dollar dogfight with Alibaba Group Holding Ltd for leadership in China's online entertainment market, mobile messaging app WeChat is Tencent Holdings Ltd's trump card. The wildly popular app allows Tencent to channel 500 million monthly active users to its entertainment services, a huge consumer base for subscriptions or marketing – pay dirt for media and advertising partners.