Business / 2016 Top 10

Major internet events in 2016

( Updated: 2016-11-14 06:57

Chinese tech companies' overseas expansion

Chinese tech companies have continued their push to expand overseas. Major deals include Tencent-led consortium’s $10.2 billion bid for Finnish game developer Supercell, Alibaba Group Holding’s purchase of a controlling stake in Southeast Asian online shopping giant Lazada Group SA for roughly $1 billion, and LeEco’s acquisition of Vizio Inc, a major TV manufacturer in the United States, for $2 billion in cash.

The list also includes Cheetah Mobile’s payment of $57 million for French news aggregator company News Republic; Baofeng Technology’s joint purchase of 65 percent stake in MP & Silva Ltd, one of world's largest sports program distributors, with Everbright Securities Co; and’s takeover of Yihaodian, an online marketplace run by Wal-Mart.

Major internet events in 2016

Supercell CEO Ilkka Paananen (left) and Martin Lau, president of Tencent Holdings Ltd, pose while meeting with the media in Helsinki, Finland. [Photo/Agencies]

Hot Topics

Editor's Picks