Shenzhen-based mobile game publisher iDreamSky Technology Limited, backed by Legend Capital and Redpoint Ventures, has received a take-private proposal from its chairman and CEO with a valuation of approximately US$609 million, according to a company announcement. Michael Xiangyu Chen plans to acquire all of the outstanding shares of the company not already owned by him […]

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Activist says staff sleeping in Shenzhen plant to prevent its closure

New school residency rules make it harder for youngsters to stay with parents

Guangdong Qtone Education will invest CNY53.267 million to acquire a 71.75% stake in Hangzhou Sixun Technology Development Company Limited, an educational technology company. Of the total funding, CNY41.76 million will be used to acquire a 56.25% stake from Shi Dongying; CNY9.28 million will be used to acquire a 12.5% from Lou Hongyu; and CNY2.227 million […]

Chinese smartphone maker Xiaomi announced that Wang Xiang, former Qualcomm global senior vice president and Greater China president, will join Xiaomi as senior vice president to lead the company's strategic cooperation efforts. Lei Jun, Xiaomi's founder, chairman and chief executive officer, said that Wang is an experienced manager. He has a deep understanding of the […]

Sudan's President Omar al-Bashir's detention in South Africa on a warrant from the International Criminal Court is further proof of the notion that those who commit grave crimes should be held accountable. International and hybrid courts are delivering…