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AppLovin announced on Monday it is selling a major stake to Chinese private equity firm Orient Hontai Capital for a staggering $1.42 billion.

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.

Chinese internet celebrity Papi Jiang sold its first video ad for a staggering $3.4 million yuan in an auction in Beijing on Thursday.

'Papi Jiang' Sold First Video Ad for a Whopping $3.4 Million Yuan

Charissa Echavez   | Apr 22, 2016 11:33 AM EDT

Fast-rising Chinese internet celebrity Papi Jiang is speeding her way to stardom, selling her very first advertisement to the top bidder who offered a whopping 22 million yuan ($3.4 million) on Thursday during a video ad auction in Beijing, the first of its kind.

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