A “unicorn” refers to those companies less than 10 years old and valued at $1 billion or more. There were 34 Chinese new unicorn companies in 2017 that match these conditions, according to a new report released by Chinese startup database IT Juzi (IT桔子). In the first half of 2017, rental economy startups gained prominence […]
Search results
Posted inNews
Top 15 apps you need for living in China
Say goodbye to Facebook, Twitter, and Instagram and welcome your new favorite apps. Here is everything you will need to navigate your China life. 1. Communication: WeChat (微信) The app to rule them all, WeChat is the very definition of indispensable in China. This is where you will connect with your friends, communicate with your […]
Posted inNews
Top 5 massive Chinese fundings in 2017–and the companies behind them
After the capital winter of 2016, tech startup deal activity in China turned strong again in 2017 but in a more rational way. This year’s list of top funding rounds in China features quite a few familiar names. It’s fair that more established companies would get the largest funding rounds but there seems to be […]
Posted inEvents
Live from TechCrunch – How can a foreign hardware company enter China?
Shenzhen, the Silicon Valley in China, is becoming a must-destination for the foreign hardware startups to start their business. On the other hand, Chinese startups are starting from Shenzhen and expanding to global markets, such as educational robot kit Makeblock, drone maker DJI, and smartphone manufacturer Huawei. In the panel “Startup in Shenzhen”, Benjamin Joffe, Partner […]
Posted inNews
Shanghai Bike-Sharing Battle: Ofo vs Mobike vs Xiaoming
Ready or not, China, once known as the bicycle kingdom, is in the midst of a cycling revival. While the car has rapidly displaced bikes, we now see more than a dozen startups flooding into the dockless bike-sharing arena. Investors have taken their sides in the stiffening battle, but a more pressing question is which […]
Posted inNews
Top 3 Chinese tech fails of 2017
The year 2017 was great for many tech firms in China. Tencent briefly outdid Facebook in market valuation reaching a $500 billion valuation mark. Toutiao shot up from obscurity on the international scene with its parent Bytedance buying Musical.ly. Alibaba spread its wings further into Asia, Didi started its global expansion, Huawei overtook Apple as […]
Posted inNews
And the ChinaBang 2017 Awards go to …
It’s that time of the year again: the festive weekend for Chinese techies, startup entrepreneurs and investors alike. ChinaBang Awards, an annual ceremony recognizing the best startups in China, is on the go. To continue last year’s initiative in finding out the amazing startups nationwide- not just 1st tier cities, this year’s ChinaBang Award ceremony […]
Posted inNews
Why more trains may lead to more unicorns in China
Editor’s note: This was contributed by Hans Tung in collaboration with Zara Zhang. Hans Tung is a Managing Partner at GGV Capital. A five-time Forbes Midas Lister, he has been a US/China investor for more than a decade. Zara Zhang is an analyst at GGV Capital. She has written for The Information, The Harvard Crimson, Harvard Magazine, among other publications. When I […]
Posted inNews
As outbound tourism grows, China’s giants are following along to fuel their global expansion
Not long ago, taking vacations away from home was only eligible for a small group of wealthy people in China. But now, thanks to the country’s quick economic growth as well as the stable rise of average incomes, this is no longer the case. China’s tourism industry has witnessed unprecedented development in recent years. The […]
Posted inEvents
All-Star Speakers Led By Kaifu Lee To Join Us At TechCrunch Beijing, Nov. 5-8
TechCrunch Beijing is quickly approaching and we can’t wait. For all the aspirational geeks and entrepreneurs out there, TechCrunch Beijing Summit features a two-day hackathon from November 5 to 6 and two-day main stage talks from November 7 to 8. At the same time, a series of exciting parallel events will be held raging from […]
