Unicorns

WuXi Biologics Plans First US Production Base Amid Trade Tensions

WuXi Biologics Plans First US Production Base Amid Trade Tensions

The listed arm of WuXi AppTec, a leading Chinese biotech firm that exited the New York stock market two years ago, is planning to build its first US plant at a cost of USD60 million.

Jun 11, 2018
Dou Shicong
Mobike Adds 100 Cities to List of Deposit-Free Riding Zones

Mobike Adds 100 Cities to List of Deposit-Free Riding Zones

Beijing Mobike Technology, one of the world’s biggest cycle sharers, has unveiled plans to unconditionally offer deposit-free riding across 100 more Chinese cities.

Jun 11, 2018
Xu Wei
Drones to Deliver Goods From Tencent's Grocer Yonghui Super Species

Drones to Deliver Goods From Tencent's Grocer Yonghui Super Species

Tencent Holdings, China’s biggest tech firm by market cap, and its supermarket partner have partnered with Chinese drone-maker Ehang Intelligent Technology to test driverless aerial deliveries.

Jun 11, 2018
Dou Shicong
Ant Financial Eyes Global Expansion With USD14 Billion Funding

Ant Financial Eyes Global Expansion With USD14 Billion Funding

China’s Ant Financial Services Group, the world’s largest fintech firm, aims to focus efforts on expanding overseas following the securement…

Jun 8, 2018
Wang Hai
Chinese All Digital Publishing Group Teams With Kuaishou Technology

Chinese All Digital Publishing Group Teams With Kuaishou Technology

Chinese All Digital Publishing Group has signed a three-year framework agreement pledging to cooperate with Beijing Kuaishou Technology.

Jun 7, 2018
Xu Wei
Chinese BGI's Unit Gets Green Light to Sell DNA Tests in EU

Chinese BGI's Unit Gets Green Light to Sell DNA Tests in EU

A European unit of China’s largest genome testing company, BGI Genomics, has obtained a certificate to launch its reproductive health products in the EU markets.

Jun 7, 2018
Tang Shihua
Chinese Browser Qihoo 360 to Prioritize Getty Images in Search Hits

Chinese Browser Qihoo 360 to Prioritize Getty Images in Search Hits

China's largest internet security company Qihoo 360 Technology will prioritize photos from a unit of marketing agency Visual China Group, which owns Getty Images China, in search hits.

Jun 7, 2018
Tang Shihua
Tencent-Backed Kuaishou Buys Rival Short Video Startup Acfun From CADP

Tencent-Backed Kuaishou Buys Rival Short Video Startup Acfun From CADP

Tencent-Backed Kuaishou Buys Rival Short Video Startup Acfun From CADP.

Jun 5, 2018
Xu Wei
Ofo Slams Brakes on Mass-Layoffs Rumor

Ofo Slams Brakes on Mass-Layoffs Rumor

Bike-sharer Ofo has hit back at recent reports of large-scale layoffs stemming from a cash crunch at the firm, known for its iconic yellow bikes.

Jun 5, 2018
Qiu Zhili
China's Video Streamer Kuaishou Saves Anime Site AcFun to Enrich Fanbase

China's Video Streamer Kuaishou Saves Anime Site AcFun to Enrich Fanbase

Chinese Kuaishou Technology which runs Kuaishou streaming platform, has acquired Beijing-based anime video provider AcFun to stand up against market competition…

Jun 5, 2018
Xu Wei
Alibaba Takes 10% Stake in Parenting Unicorn Babytree as New Retail Tussle Intensifies

Alibaba Takes 10% Stake in Parenting Unicorn Babytree as New Retail Tussle Intensifies

Alibaba Group Holding has taken a roughly 10-percent share in online parenting community Babytree, valuing the target at around CNY14…

Jun 5, 2018
Dou Shicong
Bike Sharer Ofo Faces Massive Layoffs Less Than Three Months After USD866 Million Injection, Insider Sources Say

Bike Sharer Ofo Faces Massive Layoffs Less Than Three Months After USD866 Million Injection, Insider Sources Say

Chinese bike sharing firm Baike Luoke Technology which operates a popular Ofo platform, has embarked on large-scale layoffs due to…

Jun 4, 2018
Xu Wei

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