Startups

Filmmaker Zhang Yimou’s VR Firm Scoops Funding for Virtual Theme Park

Filmmaker Zhang Yimou’s VR Firm Scoops Funding for Virtual Theme Park

Sky Limit Entertainment, a virtual reality company co-founded by critically acclaimed Chinese film director Zhang Yimou, plans to use the…

Jun 21, 2018
Tang Shihua
[Exclusive] Smart Chip Unicorn Cambricon to Study A-Share Listing, Founder Says

[Exclusive] Smart Chip Unicorn Cambricon to Study A-Share Listing, Founder Says

Chinese artificial intelligence chip developer Cambricon Technologies will consider listing on the country’s A-share market following B-round funding valuing the…

Jun 21, 2018
Qian Tongxin
Chen Xiangdong Admits to Losing Sleep Over Unprofitable Online School

Chen Xiangdong Admits to Losing Sleep Over Unprofitable Online School

Chinese entrepreneur Chen Xiangdong is finally getting a good night’s rest after years of sleep deprivation caused by anxiety over…

Jun 20, 2018
Zhao Chenting
SF Calls Reports of Investment in Ride-Hailing Provider Yidao Yongche Rumor

SF Calls Reports of Investment in Ride-Hailing Provider Yidao Yongche Rumor

SF Calls Reports of Investment in Ride-Hailing Provider Yidao Yongche Rumor

Jun 14, 2018
Xu Wei
Clinical Drug Research Data Sharing Platform Gets USD15.6 Mln in Boost to Pharma Industry

Clinical Drug Research Data Sharing Platform Gets USD15.6 Mln in Boost to Pharma Industry

Chinese clinical research data sharing and trading platform Yao Yanshe raised nearly CNY100 million (USD15.6 million) in A round of…

Jun 13, 2018
Xu Wei
USD18 Million Weijie Nets in B-Round Will Fuel Its Last-Mile Deliveries

USD18 Million Weijie Nets in B-Round Will Fuel Its Last-Mile Deliveries

Chinese business-to-business (B2B) intracity delivery startup Xiamen Weijie Urban Delivery has completed its CNY116 million (USD18 million) B-round funding, it…

Jun 13, 2018
Chen Shanshan
Haishangxian Hauls In USD31 Million to Better Connect Fishermen With Distributors

Haishangxian Hauls In USD31 Million to Better Connect Fishermen With Distributors

The firm behind Haishangxian, a Chinese online platform connecting fisherman and seafood distributors, has closed CNY200 million (USD31 million) in…

Jun 12, 2018
Tang Shihua
Ant Financial Sees Future in Checkout-Free Convenience Stores, Makes Big Investment in Xingbianli

Ant Financial Sees Future in Checkout-Free Convenience Stores, Makes Big Investment in Xingbianli

Chinese checkout-free convenience store operator Xingbianli has completed a new round of multi-million yuan financing despite reported cost-saving measures,…

Jun 11, 2018
Le Yan
Chinese Used Car Site Eyes Five-Fold Revenue Boost After USD125 Million Funding

Chinese Used Car Site Eyes Five-Fold Revenue Boost After USD125 Million Funding

Chezhibao Information Technology, the operator of second-hand car trading platform Chezhibao.com, is aiming for a five-fold increase in revenue this…

Jun 6, 2018
Xu Wei
Startup Tigerobo to Build AI-Based Financial Search Engine With New Funds

Startup Tigerobo to Build AI-Based Financial Search Engine With New Funds

Tigerobo will use new funding totaling more than CNY100 million (USD16 million) to bolster its efforts to develop a financial information search engine based on artificial intelligence.

Jun 5, 2018
Liao Shumin
Chinese Cloud Giant BaishanCloud Secured Funding From State-Owned Friends

Chinese Cloud Giant BaishanCloud Secured Funding From State-Owned Friends

Chinese Cloud Giant BaishanCloud Secured Funding From State-Owned Friends. Chinese BaishanCloud has finished its Round C+ financing worth CNY240 million…

Jun 1, 2018
Dou Shicong
US-Based General Atlantic Funds Chinese Minimart 'Today' to Embrace New Retail

US-Based General Atlantic Funds Chinese Minimart 'Today' to Embrace New Retail

US-Based General Atlantic Funds Chinese Minimart 'Today' to Embrace New Retail. US growth equity firm General Atlantic has invested CNY300…

Jun 1, 2018
Zhou Fang

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