Unicorns

Ofo Enters Seattle as First Licensed Bike-Sharing Brand in the US

Ofo Enters Seattle as First Licensed Bike-Sharing Brand in the US

Beijing Bikelock Technology Co. held a press conference in Seattle, announcing that its bicycle-sharing service Ofo has been formally unloosed…

Aug 18, 2017
Dou Shicong
China’s Biggest Newsreader Is Worth More Than Weibo After USD2 Billion Financing Round

China’s Biggest Newsreader Is Worth More Than Weibo After USD2 Billion Financing Round

Toutiao, China's most popular personalized news aggregator, has completed a new round of financing worth close to CNY13.3 billion (USD2 billion) through…

Aug 14, 2017
Jiang Xuan
Mobike Restores Service After Disruption During Rush Hour

Mobike Restores Service After Disruption During Rush Hour

Many netizens said on social media today that they could not unlock Mobike Technology Co.’s shared bicycles in several major…

Aug 10, 2017
Chen Juan
Ofo Set to Become Third Chinese Bike-Sharing Firm in Japan

Ofo Set to Become Third Chinese Bike-Sharing Firm in Japan

Chinese bike-sharing giant Ofo, or Beijing Bikelock Technology Co., has teamed up with SoftBank Commerce & Service Corp. to move…

Aug 10, 2017
Zhang Xia
Nearly 15% of China’s Mobile Internet Users Ride Shared Bikes, Report Shows

Nearly 15% of China’s Mobile Internet Users Ride Shared Bikes, Report Shows

Some 106 million of China’s internet users have become shared bike riders as mobile internet continues to change the living habits of the country’s residents.

Aug 7, 2017
Zhao Chenting
LeTV to Make Big Shift Toward Hardware Under New Chairman, CEO Says

LeTV to Make Big Shift Toward Hardware Under New Chairman, CEO Says

Sun Hongbin, the new chairman of Leshi Internet Information and Technology Corp. Beijing [SHE:300104], is set to give the firm a radical shakeup, a senior executive told Yicai Global.

Aug 2, 2017
Wang Zhen
Courts Freeze Yet More Assets Belonging to LeEco and Founder Jia Yueting Over Unpaid Loans

Courts Freeze Yet More Assets Belonging to LeEco and Founder Jia Yueting Over Unpaid Loans

Another major commercial bank has demanded the repayment of LeEco loans after China Merchants Bank’s [SHA:600036] request to freeze assets…

Aug 2, 2017
Song Yikang
iQIYI Pens Four-Year Deal to Broadcast Tennis in China

iQIYI Pens Four-Year Deal to Broadcast Tennis in China

China’s largest video website iQIYI.com signed a deal with the Association of Tennis Professionals to become the sporting body’s exclusive media partner in mainland China from 2017 to 2020.

Jul 25, 2017
Tang Shihua
Chinese AI Startup SenseTime Raises USD410 Million in B-Round Financing, Beating Expectations

Chinese AI Startup SenseTime Raises USD410 Million in B-Round Financing, Beating Expectations

Artificial intelligence (AI) businesses are in the middle of a valuation boom. China’s artificial intelligence startup SenseTime Group Ltd. said…

Jul 14, 2017
Jiang Xuan
LeTV Founder Jia Yueting Steps Down From Firm’s Board, Will Serve as LeCar’s Global Chairman

LeTV Founder Jia Yueting Steps Down From Firm’s Board, Will Serve as LeCar’s Global Chairman

Jia Yueting, a well-known Chinese internet entrepreneur and founder of Leshi Holding (Beijing) Co., has decided to step down from…

Jul 7, 2017
Wang Zhen Liu Jia Zhao Chenting
Mobike’s Denial of Rumors It’s Set to Buy UniBike May Allude to Firms’ Ties

Mobike’s Denial of Rumors It’s Set to Buy UniBike May Allude to Firms’ Ties

Although Beijing Mobike Technology Co. said that it has no plan to purchase other bike-sharing companies, dispelling rumors that it…

Jun 26, 2017
Qiu Zhili
Mobike Raises Over USD600 Million in Series E Financing Led By Tencent

Mobike Raises Over USD600 Million in Series E Financing Led By Tencent

Mobike, the world's first and largest smart bike-sharing company, today announced that it has raised over $600 million in a…

Jun 16, 2017
Yicai Global

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