Unicorns

Social E-commerce Unicorn Xiaohongshu’s Alibaba-Backed Funding Moves Its Valuation to USD3 Billion

Social E-commerce Unicorn Xiaohongshu’s Alibaba-Backed Funding Moves Its Valuation to USD3 Billion

China’s social e-commerce platform and sharing community Xiaohongshu run by Shanghai Xingin Information Technology raised USD300 million in a new…

Jun 1, 2018
Xu Wei
Mobike's Mexico Expansion Plan Stifled by Alleged Drug-Related Theft

Mobike's Mexico Expansion Plan Stifled by Alleged Drug-Related Theft

Mobike's Mexico Expansion Plan Stifled by Alleged Drug-Related Theft. China's Mobike Technology, the world's largest bike-sharer, has stumbled on a…

Jun 1, 2018
Xu Wei
World’s Most Valuable AI Firm SenseTime Wraps Up 2nd Fundraiser in Two Months

World’s Most Valuable AI Firm SenseTime Wraps Up 2nd Fundraiser in Two Months

Chinese facial recognition technology developer SenseTime has topped up its financing for a second time in just two months, reinforcing its position…

May 31, 2018
Xu Wei
Chinese Mobile Karaoke App Gets Top Marks in Pre-IPO Class

Chinese Mobile Karaoke App Gets Top Marks in Pre-IPO Class

Chinese Mobile Karaoke App Gets Top Marks in Pre-IPO Class. The developer of the Chinese social media singing platform ChangBa…

May 28, 2018
Dou Shicong
Invengo to Establish IOT Institute, Industrial Park in Xi'an to Support Local Technology Advancement

Invengo to Establish IOT Institute, Industrial Park in Xi'an to Support Local Technology Advancement

Shenzhen Invengo Information Technology will set up an Internet of Things institute and an industrial park in Xian, capital of…

May 28, 2018
Tang Shihua
China's Mobike Pedals to Rival Ofo, Ola in India With First Battle Set in Pune

China's Mobike Pedals to Rival Ofo, Ola in India With First Battle Set in Pune

China's Mobike Pedals to Rival Ofo, Ola in India With First Battle Set in Pune. Mobike Technology, one of China's…

May 28, 2018
Xu Wei
China’s Leading Audio-Sharer Ximalaya FM Surpasses USD3 Billion Valuation

China’s Leading Audio-Sharer Ximalaya FM Surpasses USD3 Billion Valuation

China’s leading audio-sharing platform, Ximalaya FM has reached a valuation of CNY20 billion (USD3.1 billion) this year, the head of…

May 28, 2018
Xu Wei
Green Groups Demand Xiaomi Pollution Data Ahead of Hong Kong IPO

Green Groups Demand Xiaomi Pollution Data Ahead of Hong Kong IPO

Chinese environmental groups have rounded on Xiaomi Inc. ahead of its long-awaited listing, calling on the Hong Kong stock exchange…

May 28, 2018
Xu Wei
Ofo Denies Reported Pay Cuts, Layoffs, May Move Forward With Bike Body Adverts

Ofo Denies Reported Pay Cuts, Layoffs, May Move Forward With Bike Body Adverts

Ofo, one of China’s big two bike-sharing brands, has refuted claims it could bring in a round of pay cuts…

May 28, 2018
Xu Wei
Mobike’s Car-Sharing Venture Gathers Pace; First Custom Autos Due in October

Mobike’s Car-Sharing Venture Gathers Pace; First Custom Autos Due in October

Mobike Technology Co., one of Chinas big two bicycle sharers, will receive the first batch of custom-made pure-electric cars from startup…

May 28, 2018
Dou Shicong
Suning Completes Road Test of Driverless Heavy-Duty Truck ‘Strolling Dragon’ in Automation Push

Suning Completes Road Test of Driverless Heavy-Duty Truck ‘Strolling Dragon’ in Automation Push

Jiangsu Suning Logistics Co, a logistics service subsidiary of Chinese retail giant Suning Holdings Group Co., has successfully completed the…

May 25, 2018
Tang Shihua
Ele.me to Bring In Measures to Protect User Information

Ele.me to Bring In Measures to Protect User Information

Chinese takeout heavyweight Ele.me, will roll out new functions in its mobile app as early as next month to ensure…

May 24, 2018
Dou Shicong

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