The acquisition will help Momo cement its market foothold and position itself as the dominant player in China’s dating-app scene.
Didi CEO wants Uber China to continue to run independently and expects Didi and Uber China to become one team with the same goal.
After this acquisition, Baofeng will enter film and television, gaming and overseas business as part of its data technology-based entertainment strategy.
In a move that links it with travel giant Ctrip and secures its position as a market leader, Utour acquires Beijing travel agency Huayuan for USD 398 million.
Qihoo 360, Kunlun Tech, and Golden Brick have confirmed the proportion each party will pay as part of the bid for Opera.