Startups

China's IoT Startup Youdian Technology Secures USD22 Mln in New Funding Backed by Foxconn

China's IoT Startup Youdian Technology Secures USD22 Mln in New Funding Backed by Foxconn

China's Internet of Things, IoT, startup Youdian Technology raised CNY140 million (USD22 million) in series A round of funding, which…

May 29, 2018
Dou Shicong
Chaping Returns Tencent Investment After Online Backlash

Chaping Returns Tencent Investment After Online Backlash

Chinese news blog Chaping is to return its CNY30 million (USD4.7 million) investment from Tencent Group Holding after online outcry regarding the investee’s intellectual property rights practices.

May 29, 2018
Duan Qianqian
Brii Biosciences Debuts With China Public Health Strategy and USD260 Mln Financing Backed by Alibaba

Brii Biosciences Debuts With China Public Health Strategy and USD260 Mln Financing Backed by Alibaba

Brii Biosciences Debuts With China Public Health Strategy and USD260 Mln Financing Backed by Alibaba

May 25, 2018
Dou Shicong
Amoy Diagnostics to Buy Into American DNA Sequencing Startup to Spur Growth

Amoy Diagnostics to Buy Into American DNA Sequencing Startup to Spur Growth

Amoy Diagnostics to Buy Into American DNA Sequencing Startup to Spur Growth . Amoy Diagnostics Co. plans to pay USD8…

May 24, 2018
Tang Shihua
Xiaoming's 700,000 Depositors May Get Cut of Bankrupt Bike Sharer's Assets

Xiaoming's 700,000 Depositors May Get Cut of Bankrupt Bike Sharer's Assets

Users who have not received their deposits since bike-sharing firm Yueqi Information Technology Co. (Xiaoming Bike) went bankrupt, can…

May 22, 2018
Xu Wei
Bitmain Leads Funding for US Crypto Unicorn Circle

Bitmain Leads Funding for US Crypto Unicorn Circle

Bitmain Technologies Ltd., China’s biggest maker of cryptocurrency mining equipment, will lead E-round funding in US blockchain financial services firm…

May 18, 2018
Xu Wei
Em Tech Hands Lifeline to Struggling Quantum Dots Firm Xingshuo Nanotech

Em Tech Hands Lifeline to Struggling Quantum Dots Firm Xingshuo Nanotech

Sichuan-based chemical firm Em Technology Co. will buy a stake in cash-strapped semiconductor firm Xingshuo Nanotech Co. while injecting CNY20…

May 17, 2018
Tang Shihua
Autonomous Driving Startup Roadstar.ai Secures China’s Highest Series-A Funding in Its Field

Autonomous Driving Startup Roadstar.ai Secures China’s Highest Series-A Funding in Its Field

The Shenzhen-based China’s artificial intelligence startup Roadstar.ai, which engages in autonomous driving technology, raised USD128 million in series-A financing, it…

May 15, 2018
Dou Shicong
Smartphone Manufacturer Smartisan Teams Up With Beijing Digital to Develop Offline Sales Channels

Smartphone Manufacturer Smartisan Teams Up With Beijing Digital to Develop Offline Sales Channels

Chinese mobile phone manufacturer Smartisan Digital Co. signed a cooperation agreement with Beijing Digital Telecom Co. to expand sales by…

May 15, 2018
Dou Shicong
Momo Closes Takeover of Chinese Tinder

Momo Closes Takeover of Chinese Tinder

Social platform operator Momo Inc. has purchased a 100-percent stake in Tantan Ltd., a China-based matchmaking app akin to Tinder, as it looks to diversify its product range.

May 14, 2018
Xu Wei
Alibaba, Ctrip Pump USD63 Million Into Restaurant Booking Startup Mwee

Alibaba, Ctrip Pump USD63 Million Into Restaurant Booking Startup Mwee

Alibaba Group Holding Ltd. and Ctrip.Com International Ltd., China’s leading firms in the e-commerce and travel agency sectors, have injected…

May 11, 2018
Tang Shihua
US Chipmaker Intel Invests In 12 AI Startups, Including Three Chinese Firms

US Chipmaker Intel Invests In 12 AI Startups, Including Three Chinese Firms

Venture arm of US Intel Corp., the world's second-largest microchip maker, has invested in Shanghai-based semiconductor firm Espressif Systems…

May 10, 2018
Peng Haibin

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