Two repeat investors participated in DST’s latest fundraise, and well-known Qiming Ventures led its first funding rounds.
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Posted inUp and Comers
Bike rental firm Hello Global exceeds 300 million users
Hello Global, a relative latecomer to the sector, has outrun rivals Mobike and Ofo thanks to its focus on lower-tier cities.
Posted inOn the Cusp
INSIGHTS | The apps you need in China, in 2017 and today
We’ve updated our list of top apps for living in China in 2020 to reflect how phone home screens have changed—and to think about what it says about the market.
Posted inTurf Wars
INSIGHTS | The bike rental boom is dead. Long live bike rental
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
Posted inHeavy Hitters
Didi raises $1 billion in push for 100 million daily trips
Didi is digging a wide yet deep competitive moat around the broader Chinese mobility market. Bike rentals will be a main driver of growth.
Posted inHeavy Hitters
Meituan is shuttering its cloud business
Chinese food delivery and services platform Meituan Dianping is shutting down its public cloud service in order to retain focus on its core businesses. Why it matters: Halting its cloud computing services is a major pullback in Meituan’s expansion into enterprise tech, a trend which has formed the basis of many recent moves by competitors including […]
Posted inHeavy Hitters
From bad Tsinghua student to Meituan second in command
As Meituan CEO Wang Xing’s right hand man—and college best friend—announces his retirement, TechNode takes a close look back at his career.
Posted inOn the Cusp
INSIGHTS | Looking back after four years at TechNode
As Editor-in-Chief John Artman leaves TechNode after four years, he reflects on China’s tech scene and what the future holds.
Posted inWith Chinese Characteristics
China’s top must-have apps: 2020 edition
What are the must-have apps on your home screen to live in China in 2020? We asked tech maven, and TechNode legend, Wang Boyuan to explain.
Posted inOn the Cusp
INSIGHTS | ‘Second landlord’ platforms get tenants in debt to fund growth
China’s second landlord platforms are highly susceptible to downturns. Many have already collapsed—and there’s no guarantee even the largest will survive.
