Tencent ups the bike-rental ante with largest funding round so far
Mobike today announced that it has raised over US$600 million in Series E, the largest ever financing round in the bike-rental industry. This landma…
Author: Sheila Yu
Young men are driving the boom in China’s online auction market
Online auctions are taking off in China with the increase of people coming online and total online transaction. A report recently released by Alibaba g…
22 arrested in theft and sale of iPhone users’ personal data
Police in east China’s Cangnan county recently arrested 22 people on suspicion of stealing and selling iPhone users’ personal information online, bring…
Mobike announces support for Apple Pay, iPhone iOS 11 camera to accelerate globalization drive
The bike rental war between Mobike and its rival ofo is still ongoing in China, with no end in sight. The pair has been waging an all-out war in terms …
Airbnb names new China head, rumored in talks with local rival Tujia
After nearly two years in China, Airbnb finally appointed someone to head its China business: Ge Hong as vice president. This is another big move to ac…
Shenzhen bans traffic offenders from renting bikes after deaths and injuries
Starting from June 1, users in Southern China's city of Shenzhen will be forbidden to use bike rental services for at least one week if they are found …
10 of the best performing Chinese tech companies in Q1
Major listed Chinese tech firms have released their latest quarterly results, and most of them delivered strong performances. Here’s a roundup of some …
[Updated] Online tutoring platform becomes unicorn after series E
Correction, June 01: This post originally stated Yuandaofu's total valuation in RMB. Yuanfudao (猿辅导), online tutoring services targeting the K-12 ed…
China Funding Daily, May 26, and 27: Online sports, live streaming and elevator TV media
New fundings in China on May 26, 2017 Lesports (乐视体育), a 3-year-old, Beijing-based internet-based eco-sports company and a subsidiary of technology gi…
What Panda TV’s 1 bln RMB series B means for e-sports and live streaming
Panda TV (熊猫直播), a Shanghai-based game streaming website, has raised RMB 1 billion in series B funding (in Chinese) led by Industrial Innovation Capita…
China Funding Daily, May 24, and 25: Power bank rental, smart home and online literature
New fundings in China on May 24, 2017 Suichong (随充), a 4-month-old, Shenzhen-based power bank rental startup, has raised tens of millions of RMB in …
Ofo seeks 1 million RMB in damages for defamation against social network Maimai
Bike rental startup ofo is filing a lawsuit against social networking platform Maimai (脉脉) for slander and defamation after a user on the website claim…