Unicorns

Toutiao-Affiliated Musical Short Video Platform Douyin Axes 805 Illegal Productions

Toutiao-Affiliated Musical Short Video Platform Douyin Axes 805 Illegal Productions

Toutiao-Affiliated Musical Short Video Platform Douyin Axes 805 Illegal Productions. Douyin, a Chinese music short video platform affiliated to Beijing…

Apr 19, 2018
Dou Shicong
Ant Financial Tops Hurun Greater China Unicorn Index for First Quarter

Ant Financial Tops Hurun Greater China Unicorn Index for First Quarter

Ant Financial Services Group, the fintech affiliate of Alibaba Group Holding Ltd. has topped a ranking of China’s unicorns with…

Apr 19, 2018
Xu Wei
Chinese Commerce Chamber Offers Support to Government in ZTE Stonewall

Chinese Commerce Chamber Offers Support to Government in ZTE Stonewall

A Chinese commerce chamber has called for the United States to reconsider its seven-year freezeout of China’s second-largest telecoms equipment maker…

Apr 18, 2018
Xu Wei
Meituan Slashes Ride-Hailing Discounts After Trying to Take On Didi Chuxing in Price War

Meituan Slashes Ride-Hailing Discounts After Trying to Take On Didi Chuxing in Price War

Beijing Sankuai Online Technology Co., the firm behind China’s largest on-demand services provider Meituan Dianping, will slash subsidies for its…

Apr 13, 2018
Dou Shicong
Weibo Axed 1.5 Million Posts in March as Watchdog Sweeps for Vulgar Online Content

Weibo Axed 1.5 Million Posts in March as Watchdog Sweeps for Vulgar Online Content

Chinese social network operator Weibo Corp. deleted more than 1.5 million posts and banned 85,000 users last month as part of a nationwide crackdown on vulgar online content.

Apr 12, 2018
Dou Shicong
China and US Internet Behemoths Bow Their Heads in Shame the Same Week

China and US Internet Behemoths Bow Their Heads in Shame the Same Week

Chinese and US internet giants have both eaten humble pie this week, but for different reasons. American social media platform…

Apr 12, 2018
Tang Shihua
Tencent Leads Social E-Commerce Pinduoduo’s USD3 Billion Funding Round

Tencent Leads Social E-Commerce Pinduoduo’s USD3 Billion Funding Round

Chinese social e-commerce platform Pinduoduo.com, developed by Shanghai Mengxun Information Technology Co., has completed a new funding round of about USD3 billion…

Apr 12, 2018
Dou Shicong
China Orders Toutiao Maker to Shut Down Entertainment Platform Neihan Shequ

China Orders Toutiao Maker to Shut Down Entertainment Platform Neihan Shequ

China’s media regulator has ordered Beijing Bytedance Technology Co., the firm behind the nation’s most popular news aggregator Toutiao, to…

Apr 11, 2018
Dou Shicong
Chinese Online Healthcare Unicorn We Doctor Plans Hong Kong IPO This Year

Chinese Online Healthcare Unicorn We Doctor Plans Hong Kong IPO This Year

We Doctor Group (Zhejiang) Co. is working on its USD5 million pre-initial public offering and will list in Hong Kong…

Apr 10, 2018
Dou Shicong
[Exclusive] SenseTime Becomes Most Valuable AI Startup on Alibaba-Led Investment

[Exclusive] SenseTime Becomes Most Valuable AI Startup on Alibaba-Led Investment

SenseTime Group Ltd. has become the world’s highest valued artificial intelligence startup following a new round of funding led by China's largest e-commerce firm Alibaba Group Holding Ltd.

Apr 9, 2018
Jiang Xuan
Short Video Platform Kuaishou Partners Tsinghua University to Repair Waning Reputation

Short Video Platform Kuaishou Partners Tsinghua University to Repair Waning Reputation

Beijing Kuaishou Technology Co., the firm behind popular Chinese short video platform Kuaishou, plans to set up a research institute…

Apr 4, 2018
Dou Shicong
Ctrip Obtains License to Join Cut-Throat Competition in China’s Ride-Hailing Market

Ctrip Obtains License to Join Cut-Throat Competition in China’s Ride-Hailing Market

After Beijing Sankuai Online Technology Co., operator of China’s on-demand services giant Meituan-Dianping, unveiled its online ride-hailing service in Shanghai,…

Apr 3, 2018
Xu Wei

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