Startups

BGI Genomics Shares Soar 44% on First Day of Trading; Actual Controller’s Wealth Tops USD1.2 Billion

BGI Genomics Shares Soar 44% on First Day of Trading; Actual Controller’s Wealth Tops USD1.2 Billion

Touted as the ‘Tencent in geotechnology’, BGI Genomics Co. [SZE:300676] has become a capital market hit immediately after its public…

Jul 14, 2017
Liao Shumin
Taoyun Capital Acquires Control of Ride-Hailing Service Yidao Yongche

Taoyun Capital Acquires Control of Ride-Hailing Service Yidao Yongche

Taoyun Capital has reached an agreement with LeEco on acquiring a stake in Yidao Yongche, Beijing-based ride-hailing service provider, and…

Jul 14, 2017
Yicai Global
Chinese Warehouse Robot Firm Bags USD60 Million in Series B Financing, Warburg Pincus Leads

Chinese Warehouse Robot Firm Bags USD60 Million in Series B Financing, Warburg Pincus Leads

Beijing-based warehouse robot developer Geek+ raised USD60 million funding through series B financing.

Jul 14, 2017
Shen Weijia
China AI Industry Growth Drives Large Return of ‘Sea-Turtle’ Talent

China AI Industry Growth Drives Large Return of ‘Sea-Turtle’ Talent

As China’s power and influence in science and technology keeps growing, a backflow of overseas elites in the AI field has become a general trend.

Jul 14, 2017
Ning Jiayan Sun Sihang
Talkweb to Develop AI Teaching Products With Language-Processing Technology Company

Talkweb to Develop AI Teaching Products With Language-Processing Technology Company

A wholly-owned subsidiary of Talkweb Information System Inc. [SHE: 002261] will cooperate with a language-processing AI technology company in Beijing…

Jul 12, 2017
Jin Yuanjia
Bike-Share Firms Mobike, Ofo Strengthen Their Dominance by Completing Financing Rounds

Bike-Share Firms Mobike, Ofo Strengthen Their Dominance by Completing Financing Rounds

Beijing Mobike Technology Co. and Ofo Bicycle Co. have each completed a financing round, strengthen their dominance in China’s bike-sharing…

Jul 7, 2017
Qiu Zhili
Umbrella-Sharing Startups in Shanghai, Hangzhou Fail to Attract Public Demand, Except for Stealing

Umbrella-Sharing Startups in Shanghai, Hangzhou Fail to Attract Public Demand, Except for Stealing

After the relative success of bike-sharing services, some entrepreneurs have come up with another idea, umbrella-sharing, to contribute to the…

Jul 4, 2017
Yicai Global
Shenzhen Game Company Will Offer Play on 360 Mobile Platform

Shenzhen Game Company Will Offer Play on 360 Mobile Platform

Shenzhen Baoyufeng Technology Co. will work with 360 mobile to offer mobile games on the latter’s platform.

Jul 4, 2017
Yicai Global
Fukong Interactive Entertainment Moves to Scoop Up UK Game Maker Jadex

Fukong Interactive Entertainment Moves to Scoop Up UK Game Maker Jadex

British game developer and distributor Jagex Ltd. is set to become a wholly-owned affiliate of Shanghai Fukong Interactive Entertainment Co. [SHA:600634].

Jun 30, 2017
Yicai Global
Chinese Entertainment Firm Plans to Acquire UK App Developer Outfit7

Chinese Entertainment Firm Plans to Acquire UK App Developer Outfit7

Zhejiang Jinke Entertainment Culture Co. [SHE:300459] is planning to acquire English home entertainment mobile app developer Outfit7 Investments Ltd., whose…

Jun 30, 2017
Yicai Global
South Korean Entertainment Firm Takes Over Yidao Yongche From Leshi

South Korean Entertainment Firm Takes Over Yidao Yongche From Leshi

A South Korea-based entertainment company has become the largest shareholder of China’s ride-sharing platform Yidao Yongche, Caijing Magazine reported yesterday.

Jun 30, 2017
Yicai Global
Mobike Eyes More Market Expansion, Not Immediate Profits, Says Founder

Mobike Eyes More Market Expansion, Not Immediate Profits, Says Founder

Bike-sharing service Mobike’s immediate objective is market expansion rather than profit, said Hu Weiwei, founder of one of China’s biggest…

Jun 29, 2017
Yicai Global

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