Startups

CBRC Approves Opening of CITIC Baixin Bank, Jointly Set Up by China CITIC and Baidu

CBRC Approves Opening of CITIC Baixin Bank, Jointly Set Up by China CITIC and Baidu

China Banking Regulatory Commission (CBRC) has approved the opening of CITIC Baixin Bank Co. jointly set up by China CITIC…

Aug 22, 2017
Song Yikang
Autohome Shifts Toward Being Ecosystem Developer, With Media as Its Core Business

Autohome Shifts Toward Being Ecosystem Developer, With Media as Its Core Business

Since the arrival of Ping An Insurance (Group) Company of China, Ltd. [SHA:601318; HK:2318] as its largest shareholder, Autohome Inc.…

Aug 22, 2017
Wu Ziye
Chinese Online Tutoring Platform Secures USD7.5 Million in A-Round Financing

Chinese Online Tutoring Platform Secures USD7.5 Million in A-Round Financing

Chinese online primary education startup Hai Ke Tang raised CNY50 million (USD7.5 million) in A-round financing led by Tou Tou…

Aug 22, 2017
Tang Shihua
Shanghai Stops Addition of New Bike-Sharing Cycles, Orders Providers to Clear Cluttered Streets

Shanghai Stops Addition of New Bike-Sharing Cycles, Orders Providers to Clear Cluttered Streets

Shanghai Municipal Government has suspended the city’s bike-sharing companies from releasing new bikes in the city due to related urban management problems, reported ThePaper.cn on Aug. 18.

Aug 21, 2017
Tang Shihua
Early Ofo Investor Talks Up Quick Returns on Investments in Sharing Business Models

Early Ofo Investor Talks Up Quick Returns on Investments in Sharing Business Models

Interest among investors in bike-sharing start-ups remains strong, thanks to their fast returns and strong cash flow replenishment through guaranteed…

Aug 21, 2017
Zhou Hongda
Kingdee International Posts 21% Net Profit Drop, Substantial Cloud Computing Losses in First Half

Kingdee International Posts 21% Net Profit Drop, Substantial Cloud Computing Losses in First Half

Kingdee International Software Group Co. [HK:0268] registered a net profit attributable to shareholders of USD15.82 million (CNY106 million) in the first half,…

Aug 18, 2017
Shen Weijia
Ji Wenhong, CEO of Zouxiu Network That Runs Luxury Goods E-Tailer Xiu.com, Escorted Back to China

Ji Wenhong, CEO of Zouxiu Network That Runs Luxury Goods E-Tailer Xiu.com, Escorted Back to China

Ji Wenhong, CEO of Shenzhen Zouxiu Network Technology Co., which operates luxury fashion e-tailer Xiu.com, has been escorted to China…

Aug 18, 2017
Tang Shihua
Chinese AR Startup HiScene Bags USD15 Million in B-Round Financing

Chinese AR Startup HiScene Bags USD15 Million in B-Round Financing

Chinese augmented reality startup HiScene Information Technology Co. has raised nearly USD15 million (CNY100 million) in its B-round financing, led by Suodao Capital with support from Sincere Capital, Star…

Aug 17, 2017
Ma Yifei
Robotics Firm Tianjin Yangtian Technology Receives USD7.4 Mln Pre-A Round Financing

Robotics Firm Tianjin Yangtian Technology Receives USD7.4 Mln Pre-A Round Financing

Tianjin Yangtian Technology Co. has completed CNY50 million (USD7.4 million) pre-A round of financing, with Lenovo Capital and Incubator Group…

Aug 17, 2017
Tang Shihua
BingoBox, Chinese Community Service Platform Team Up to Open 1,000 Automated Shops in Five Years

BingoBox, Chinese Community Service Platform Team Up to Open 1,000 Automated Shops in Five Years

Beijing Yijiequ E-Commerce Co., which runs a Chinese online community service platform called Yijiequ, has partnered with automated convenience store…

Aug 16, 2017
Dou Shicong
Chinese Online Education Platform Rakes In USD150 Million Through C-Round Financing

Chinese Online Education Platform Rakes In USD150 Million Through C-Round Financing

Beijing-based primary and secondary education website Zybang acquired USD150 million in its C-round financing; the second round for the firm…

Aug 15, 2017
Tang Shihua
Firms at Hefei Robotics Park Sign 20 Deals Worth USD1.25 Billion

Firms at Hefei Robotics Park Sign 20 Deals Worth USD1.25 Billion

Some 20 domestic and international robotics contracts, worth CNY8.35 billion (USD1.25 billion), have been signed at the robotics park in…

Aug 14, 2017
Tang Shihua

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