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 […]
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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 […]
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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 […]
