Editor’s note: This was produced in partnership with Start Alliance, a business network between the most vibrant startup hubs around the globe. Start Alliance supports startups to adapt business models to international requirements and accelerates corporate innovations. Partner cities are Berlin, New York, Paris, Tel Aviv, and Shanghai. I have worked in four startup cities: Silicon Valley, […]
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Tencent extends “double-hundred plan” to cover legal services platform, Kuaifawu
One-stop legal services platform Kauifawu has announced that the company was selected as one company for Tencent’s double-hundred plan (双百计划). Under the agreement, Kuaifawu has exchanged shares for traffic. Tencent is giving the company credit to use on channels owned by Tencent, including Guangdiantong, WeChat, and other content channels. The credit reflects the current valuation […]
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TechNode’s top 5 blockchain and bitcoin stories of 2017
When the blockchain era arrives, all transactions will be transparent and decentralized. China, a country with a centralized authority issued an ICO ban in September, seeing how crypto frenzy led $394 million to be contributed towards ICOs in the period from January to June 2017. However, it’s interesting to see how blockchain technology, a decentralized database, […]
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Baidu Sues Tencent, Sohu For Defamation Over ‘Toxic’ Food Allegations
As the war between China’s many food delivery startups continues to wage, even the slightest PR snafu can cause a serious setback, which is why China’s largest search engine is now suing Tencent and Sohu. Baidu has submitted a defamation lawsuit against the two companies in reaction to a series of articles that claim Baidu’s food delivery […]
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This startup wants to bring classifieds to all of China’s expats
Given the China’s market size, it’s obvious why we see so many foreign startups and expats in China. However, it still might sound a little silly if a business targets non-Chinese in China given the the relatively small population. But if you’re also a non-Chinese living in China, focusing on expat market can actually serve […]
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Alibaba’s lifestyle unit Koubei snags 1.1B USD to accelerate local expansion
Alibaba has grown into a diversified conglomerate that encompasses several multi-billion dollar affiliates from Ant Financial and AliCloud to Cainiao Logistics. Yesterday, the e-commerce titan announced a 1.1 billion USD financing round for its local life commerce arm Koubei. Investors include Silver Lake, CDH Investments, Yunfeng Capital, and Primavera Capital. Alibaba’s billionaire founder Jack Ma […]
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Ping An’s O2O Healthcare Service Arm Raises Half A Billion USD
Chinese O2O healthcare services startup, Ping An Health Cloud Co. Ltd., announced a hefty round of Series A funding on Friday. The Ping An Insurance subsidiary raised $500 million USD, putting the company at a valuation of around $3 billion USD. The company did not disclose its investors, though it said that funds were sourced from “well-known overseas private […]
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This Startup Lets You Sponsor And Bet On Your Friends
A fitness startup is helping busy people in Shanghai get out of their comfort zone by letting them make and bet on challenges. VIVERE, which means ‘dare to live’ in Italian, allows users to put challenges on the platform, such as “doing sit-ups in front of my boss”. Then other users can sponsor the challenge by […]
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Four Amazing Things About Getting Stuff Delivered In China
A lot of glory goes to the companies in China’s e-commerce and O2O market, but behind every food order and Taobao purchase is a delivery person, hustling the last mile in a complex system of logistics. China’s retail e-commerce and O2O food delivery market is the the largest in the world. According to research provider eMarketer, sales from […]
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Five Must-Have Apps for China’s Pet Lovers
As China’s middle class blooms, the average age of pet owners now squarely overlaps with the country’s tech-savvy youth demographic. A survey on pet owner demographics shows that 74% of urban pet owners are now less than 35 years old. At the same time, the size of the pet care market has jumped from 30 billion RMB […]
