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Ex-Baidu Founder Shakes Hands With Tencent In $85M USD Renrenche Funding Boost

Used-car sales platform Renrenche has scooped $85 million USD in Series C funding from Tencent. The company, which was founded by a series of ex-Baidu employees, now has a valuation of $ 500 Million USD.  Founded in April 2014, the company received $5 million USD series A funding from Redpoint Ventures and launched its services in July in Beijing, Guangzhou and […]

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Real Estate Platform Fangdd Announces Funding As China Eases Real Estate Bans

Fangdd, a popular Chinese real-estate platform announced they had closed a series C funding of $223 million USD led by Fountainvest Partners this July. The company announced series B funding of $80 million USD just two months ago from Vision Knight Capital China Fund, Lightspeed China Partners, and CDH Venture Partners. The Chinese government has recently eased restrictions on owning multiple […]

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Car Maintenance B2C Platform Tuhu Completes $100M USD Series C Funding

Shanghai-based Lantu Information Technology, operator of car maintenance B2C platform Tuhu, has raked in nearly $100 USD in series C funding from Joy Capital, Welkin, Far East Horizon and Haitong. Existing investors, Legend Capital and Qiming Venture Partners, also participated. The investment is earmarked for team, technology and offline expansion in a bid to maintain sustainable […]

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Xiaomi Could Now Be Your Next Mobile Carrier

Diversifications seems to be the buzz word down at the Xiaomi office these days, with the Chinese smartphone giant looking into almost any potential revenue stream to stave off woes over a slowing smartphone market. Their latest venture? Becoming a mobile operator.  Right off the back of the Mi 4c launch, the company has released […]

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Review – The OnePlus 2 China Model: A Solid Design

OnePlus, the 2014 Crunchies Startup nominee, has just released a successor to its popular “niche” smartphone OnePlus One; the  OnePlus 2. Being in the market (or in the invitation letters) for 14 months, OnePlus 1 has received quite positive feedback from the media and the the fan community – and is equipped with CyanogenMod, one of the […]