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AppLovin Sells Majority Stake to China's Orient Hontai Capital for $1.42B
| Charissa Echavez | | Sep 27, 2016 10:52 AM EDT |
Mobile ad startup AppLovin announced on Monday it is selling a major stake to Chinese private equity firm Orient Hontai Capital for a staggering $1.42 billion, Fortune reported.
Alibaba to Pass Baidu as China’s Biggest Digital Advertising Provider
| Phenny Lynn Palec | | Sep 22, 2016 10:24 PM EDT |
Many market experts predict that Chinese e-commerce giant Alibaba will overtake fellow Chinese tech giant Baidu in terms of advertising revenue this year.
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