Tujia.com, which is often dubbed the AirBNB of China, announced Wednesday that it has entered into a strategic agreement with Ctrip and Qunar to merge vocation home rental businesses of the two Chinese online travel services. It represents another strategic move by Tujia after its purchase of the short-term rental platform Mayi.com this June. Through this acquisition, […]
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Chinese Airbnb For Tour Guides Nilai.com Completes $2.3 M USD Funding
Chinese P2P platform for tour guide services Nilai.com announced the completion of a 15 million yuan ($2.3 million USD) pre-A round of funding on Tuesday. The funding was led by Beijing Fuyuan and will be used to improve the app and enhance the marketing outreach to attract more local guides in overseas countries. Nilai.com, whose Chinese name translates […]
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Three Big Opportunities For China Entrepreneurs According To Premier Li Keqiang
The National People’s Congress (NPC), China’s unicameral parliament, convened last Saturday to kick off its annual meeting which runs until March 16th. It’s a lot of pomp and circumstance, with the NPC widely dismissed as a “rubber stamp” parliamentary for the Chinese Communist Party. Nevertheless, the meetings offer valuable insight into the Chinese government’s priorities and ambitions for the […]
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Push Notification Service Getui Enters Mobile Marketing With $108M Fresh Funding
Getui, a third-party push notification service provider, announced on Thursday a 700 million RMB (108 million USD) C round led by Haitong Securities and China Minsheng Bank, followed by all existing Series B investors including SAIF Partners and U.S. venture firm WI Harper. Launched in 2010, Getui offers push notification services, helping app developers to engage their customers […]
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Nuggets of Wisdom From Startup Guru And Angel Investor Philip Beck
Investor and startup mentor Philip Beck has been in China since 2005 and has seen his share of victory and defeat. He has established joint ventures, launched new brands, and is now an active investor in early and angel stage startups through his private fund Dubeta Ventures China. His primary areas of focus are consumer technology, gaming, […]
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Flexible Action Camera PIC Wins DreamPlus TechNode Demo Day
The winning startup of DreamPlus TechNode Korean Startup Demo Day, held on June 30th in Shanghai, was Boud, the makers of a flexible action camera. As a reward, the company was given a free booth at the TechCrunch Beijing event in November. The camera startup is one of the four selected companies participating in the DreamPlus Global Expansion Program. “DreamPlus aims to […]
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Why Is Every Chinese Tech Company Doing Online Finance?
When it comes to China’s internet giants, there’s barely a player that hasn’t entered the world of online financing. Following in the footsteps of Alibaba, many of these companies are looking to finance as a means of subsidizing heavy cash burn rates in their core businesses. Ant Financial, which oversees Alipay, the country’s largest mobile payment service, is […]
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More Than Half Of China Is Now Online, And They’re Mostly Mobile
China has kicked off 2016 with a serious milestone – more than half their 1.37 billion population is now connected to the internet, according to a report released by state-backed China Internet Network Information Center (CNNIC). As of January first 2016, 688 million Chinese people had access to the internet, accounting for 50.3% of the […]
