iQiyi Sports secures RMB 850 million in Series A

iQiyi Sports, iQiyi’s online sports broadcasting platform, has completed its Series A financing round, raising RMB 350…


Briefing: Baidu Video completes $100 million Series B

百度视频完成1亿美元B轮融资 百度领投 —Sina Tech What happened: Video search and content aggregation platform Baidu Video (百度视频) has…


Briefing: Tencent-Backed movie ticketing service Maoyan files for Hong Kong IPO

猫眼在港递交IPO申请,背靠腾讯光线美团,连续两年营收增长超两倍 – 36Kr What happened: Chinese online ticketing company Maoyan confirmed listing in…


Briefing: Alibaba Cloud to scale down US expansion efforts

Alibaba Cloud to scale down in US market amid growing political hostility – Global Times What happened: Alibaba’s cloud…


Briefing: Didi Chuxing app slips 52 places to 61st in latest app store ranking

滴滴出行 App Store 下载排名从第 9 滑落至第 61 名 – 动点科技 What happened: Didi Chuxing’s app downloads have taken a nosedive following…


Briefing: Kuaidi Dache founder launches new app, claims to boost passenger safety

Chinese ride-hailing pioneer returns with blockchain app to boost safety, income as Didi mired in crisis – SCMP What…


Briefing: EV maker NIO seeks to raise $1.32 billion in US IPO

Chinese EV maker NIO expects to raise $1.32 billion in IPO —Reuters What happened: Chinese EV startup NIO said it…


Leaked data from Chinese hotel chain may affect 130 million customers

Screenshot of post selling Huazhu customer data Personal data and booking information from 13 hotels operated by Huazhu…


xpeng

Xpeng said to be behind its production schedule

Xpeng has made quite a few ambitious announcements recently, including plans to secure a total of RMB 30 billion by the…


Didi summoned by authorities in ten cities over murder case

Three days after the second murder in 3 months on their platform, Didi has been summoned by local authorities in…