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Posted inNews

Power bank rental startup Xiaodian secures RMB 100m series A

Power bank rental firm Xiaodian (小电科技 in Chinese) announced yesterday a series A worth roughly RMB 100 million, led by Tencent and Hangzhou Vision Capital Management, local media is reporting (in Chinese). Other investors include CDH Investments, GSR Ventures, DT Capital Partners and In Capital. Founded last December by former Alibaba employee Tang Yongbo, Beijing […]

Posted inNews

Gofun offers electric car rental for RMB 1 per hour

Editor’s note: A version of this post by Charles Liu first appeared on the Beijinger, a leading source of English-language lifestyle information on the city of Beijing. Beijing’s sharing economy has taken a huge step forward with the recent announcement that some 5,000 electric cars will be available to rent on a time-sharing basis in the city within two years. […]

Posted inNews

Bike-rental firm Youon seeks IPO

Bike-rental firm Youon submitted today an updated initial public offering prospectus to China’s securities regulator, seeking a listing in the country’s A-share market, local media is reporting (in Chinese). If successful, it will be the first bike-rental IPO in the country. Youon Public Bicycle System Co., Ltd. (“常州永安公共自行车系统股份有限公司” in Chinese), the firm behind bike-rental service […]

Posted inNews

Chinese electric carmakers might not be ready, but the money is

In recent years, a raft of Chinese entrepreneurs have been going around pitching and fundraising for their electric vehicle startups, but consumers haven’t seen much of those promises materialize until recently. On October 12, XPeng Motors unveiled its first pre-production run of 15 electric cars in China’s east-central city of Zhengzhou, where XPeng’s OEM partner—local automaker Haima Automobile’s subsidiary—is located. This batch, […]

Posted inNews

WeChat allows official accounts to create own mini-app

WeChat recently announced a new feature called “store mini-app” (门店小程序), in its latest efforts to promote the application of its “mini-apps” (小程序). The new feature will allow merchants to quickly create their own store mini-app on WeChat Media Platform (微信公众平台) while dispensing with the necessity of complicated app development. The store mini-app feature is now […]

Posted inNews

Ofo announces partnership with China’s GPS for smart locks

Ofo has announced a strategic partnership with BeiDou Navigation, a Chinese government-backed sattelite positioning system, that will see ofo bikes equipped with Beidou-enabled smart locks, our sister site TechNode Chinese is reporting. Under the agreement, ofo’s bikes furnished with the BeiDou-enabled smart lock will be first launched in Beijing, Tianjin and Hebei province. In addition, users […]

Posted inEvents

The ultimate guide to TechCrunch Shenzhen’s VC Meetup

TechCrunch Shenzhen is just around the corner along with its most popular session during the conference: VC Meetup. For entrepreneurs who are still shopping about from one venture capital institution to another with your business plan, we offer you the opportunity to meet a stack of VCs for 10 minutes face-to-face communication. VC Meetup has become […]

Posted inNews

Why more trains may lead to more unicorns in China

Editor’s note: This was contributed by Hans Tung in collaboration with Zara Zhang. Hans Tung is a Managing Partner at GGV Capital. A five-time Forbes Midas Lister, he has been a US/China investor for more than a decade. Zara Zhang is an analyst at GGV Capital. She has written for The Information, The Harvard Crimson, Harvard Magazine, among other publications. When I […]

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