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  • Jun. 19, 2014, 1:38 PM
    • Aicai, a Chinese lottery ticket site established in '07, is now fully owned by Sina (SINA -2.4%). Aicai's founding team will remain with the company.
    • Aicai was established in '07, with Sina holding a majority stake. The site raised funding in '09.
    • Research firm Analysys estimates Aicai had a 4.9% share of the Chinese online lottery market in Q1. 500.com (WBAI +3.2%) had a 5.8% share, Alibaba's Taibao site an 11.3% share.
    | Jun. 19, 2014, 1:38 PM | 7 Comments
  • Apr. 28, 2014, 10:17 AM
    • Sohu (SOHU -4.8%) missed Q1 estimates and provided light Q2 guidance. Meanwhile, as part of a recent crackdown, the Chinese government has pulled The Big Bang Theory and other popular U.S. shows from sites such as Sohu.com, Youku.com (YOKU -4.4%), Baidu's (BIDU -5%) iQiyi, and Tencent Video (TCEHY -2.8%). Time observes The Big Bang Theory has produced 1.3B video views since launching on Sohu TV in '09.
    • The news is overshadowing a $1.22B investment in Youku by Alibaba (ABABA) and an affiliated P-E firm, and a WSJ report stating Alibaba is forming a mobile search JV with leading mobile browser firm UCWeb (once targeted by Baidu).
    • The deals are the latest in a long line of investments and partnerships struck by Alibaba, Tencent, and Baidu, as each firm tries to build a Web/mobile empire covering over a dozen valuable markets.
    • Is Qihoo (QIHU -0.8%) next in line to make a deal? With a $21.6B market cap, the security app/browser/search provider and Baidu rival is the biggest Chinese Internet company to remain independent of the big-3. Qihoo was reported in January to be talking with Alibaba.
    • Other decliners: NQ -6.5%. VIPS -5.2%. WB -4.2%. WBAI -3%. LONG -4.5%. QUNR -2.4%.
    | Apr. 28, 2014, 10:17 AM | 11 Comments