Zhaopin.com Files for A $100 Million U.S. IPO
China’s Internet recruitment company Zhaopin.com filed for a $100 million IPO with SEC today. It planned to list on NYSE as “ZPIN”. The Form F-1 discloses its shareholder structure. Jason Lenga and John Alexander Armstrong from its largest shareholder SEEK International Investments hold 79% of the stocks; Cavalane Holdings Pty Ltd. holds 19.3%; Guo Sheng, CEO of Zhaopin.com, holds 3.3%.

Tencent to Buy $20 Million Stake in Cheetah
Kingsoft announced yesterday that Cheetah has signed an agreement on shares subscription with Tencent’s underlying company, TCH, who will $20 million Cheetah’s stocks. TCH is currently the second largest shareholder of Cheetah with 18% of its stocks, only after Kingsoft’s 54.1%. The supplement documents Cheetah has submitted to SEC recently shows that its 1Q14 revenue was 315.7 million yuan (50.8 million USD) and the net profit was 18.7 million yuan (3 million USD).

Tencent to Buy ¥1.2 Billion Stake in Digital Map Company Navinfo
China’s digital map provider NavInfo Co.,Ltd. published an announcement yesterday that its controlling shareholder China Siwei Surveying & Mapping Technology Co., Ltd. (China Survey) has signed a transfer agreement with Tencent and would sell 78 million Navinfo’s stocks to Tencent at the price of 1.173 billion yuan. After the transfer Tencent will hold 11.28% of Navinfo’s shares and China Survey holds 12.58%.

YY’s 187.2% Net Profit YoY Increase in 1Q14
YY Inc. released its 1Q14 financial report today. Its 1Q14 net revenue came in at 666.3 million yuan (107.2 million USD), a 111.6% increase YoY; net profit at 183.6 million yuan (29.5 million USD), a 187.2% increase YoY.

Sina’s Latest Shareholder Structure: CEO Holds Only 2.8%
The decentralization of ownership structure is always Sina’s characteristic, which is further proved by the documents Sina has submitted to SEC. The current largest shareholder of Sina is BlackRock, Inc. with 8.3%. The second (Thornburg Investment Management Inc.) holds 7%; the third (Platinum Investment Management Ltd.) holds 6.4%; the fourth (Rowe Price Associates, Inc.) holds 5.6%. The senior people of the company holds only less than 3% of the stocks.