Unicorns

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
Mobike Bags USD600 Million From Investors, Marking Industry’s Biggest Ever Funding Round

Mobike Bags USD600 Million From Investors, Marking Industry’s Biggest Ever Funding Round

Mobike, the first and largest smart bike-sharing firm, has bagged more than USD600 million in its D-round financing, the largest wave of funds received by any firm in the emerging industry to date.

Jun 16, 2017
Yicai Global
Tencent Leads the Pack as Futu Snags USD 145.5 Mln in Round C

Tencent Leads the Pack as Futu Snags USD 145.5 Mln in Round C

Internet securities trader Futu Securities International (Hong Kong) Ltd. concluded its C round financing yesterday.

Jun 13, 2017
Yin Jingfei
Mobike Rolls Out UK Pilot Scheme With 1,000 Bikes in Manchester, Salford

Mobike Rolls Out UK Pilot Scheme With 1,000 Bikes in Manchester, Salford

Beijing Mobike Technology Co., the world’s first and largest smart bike-sharing platform, is set to take its services to the…

Jun 12, 2017
Yicai Global
Advertiser Sues LeEco For USD9 Million Over Unpaid Fees

Advertiser Sues LeEco For USD9 Million Over Unpaid Fees

A Chinese advertising company has sued LeEco, the cash-strapped conglomerate led by Jia Yueting, and a number of its subsidiaries after the group failed to make good on payments.

Jun 7, 2017
Yicai Global

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