Startups

Ofo Wheels Into Kazakhstan Just in Time for the Expo

Ofo Wheels Into Kazakhstan Just in Time for the Expo

Right before the June 9 start of the Astana World Expo in Kazakhstan, ofo announced its official entry into…

Jun 12, 2017
Yicai Global
Level of Robot Taking Gaokao Math Test Matches Average Level of Students, Exam-Marker Says

Level of Robot Taking Gaokao Math Test Matches Average Level of Students, Exam-Marker Says

The Gaokao, China's annual college entrance examination, is currently underway.

Jun 8, 2017
Yicai Global
Online Chinese Programming Platform Secures USD441,000 in Latest Round of Financing

Online Chinese Programming Platform Secures USD441,000 in Latest Round of Financing

Proginn.com, a Chinese platform providing programming services, has secured CNY3 million (USD441,000) in its first round financing led by PurpleSky,…

Jun 6, 2017
Yicai Global
Xiamen Construction Firm Bags 68,300-Meter Land Parcel Near Hangzhou’s West Lake

Xiamen Construction Firm Bags 68,300-Meter Land Parcel Near Hangzhou’s West Lake

A subsidiary of Xiamen Construction & Development Co. [SHA:600153], a Chinese firm involved in logistics and property development, has purchased…

Jun 1, 2017
Yicai Global
TrendsGroup, CFGE Partner to Develop Augmented Reality Fashion Game

TrendsGroup, CFGE Partner to Develop Augmented Reality Fashion Game

TrendsGroup, a Chinese media organization dedicated to fashion and lifestyles, recently announced that it will partner with China Film Game…

May 31, 2017
He Tianjiao
Chinese Bike-Sharers Struggle to Claim Back Deposits From Ofo

Chinese Bike-Sharers Struggle to Claim Back Deposits From Ofo

A number of users are having problems trying to get their security deposits back from Chinese bike-sharing giant Ofo, just…

May 26, 2017
Yicai Global
Shenzhen-Based Kuang-Chi Group Invests USD5 Million in Israeli Drone Maker SkyX

Shenzhen-Based Kuang-Chi Group Invests USD5 Million in Israeli Drone Maker SkyX

The Shenzhen-based Kuang-Chi Group has invested USD5 million in Israeli drone maker SkyX, whose self-charging drones can be used to monitor long-range assets.

May 25, 2017
Yicai Global
Shenzhen Xuhui to Back Graphene LED Lighting Equipment Provider, Become Its Largest Shareholder

Shenzhen Xuhui to Back Graphene LED Lighting Equipment Provider, Become Its Largest Shareholder

Dongxu Optoelectronic Technology Co.’s [SHE:000413] wholly-owned subsidiary, Shenzhen Xuhui Investment Holdings Ltd., is set to become the largest shareholder in…

May 18, 2017
Yicai Global
Mobike Quashes Corruption Speculation, Submits Evidence to Police

Mobike Quashes Corruption Speculation, Submits Evidence to Police

Chinese bike-sharing giant Mobike publicly denied allegations of bribery and corruption involving some of its top executives, claiming the speculation was “created to defame” the company.

May 18, 2017
Yicai Global
Strong Backing Sees Umbrellas Join China’s Ever-Growing Sharing Economy

Strong Backing Sees Umbrellas Join China’s Ever-Growing Sharing Economy

The sharing economy just keeps getting bigger. The latest addition to China’s sharing craze shared umbrellas, after they popped up…

May 18, 2017
Yicai Global
Ransomware Strikes Nearly 100 Countries, Leaves Millions of Chinese Trapped in ‘Graduation Crisis’

Ransomware Strikes Nearly 100 Countries, Leaves Millions of Chinese Trapped in ‘Graduation Crisis’

WannaCry, a new worm-like ransomware, fanned out across the globe on the evening of May 12.

May 18, 2017
Qian Tongxin

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