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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 […]

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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 […]

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And the ChinaBang 2017 Awards go to …

It’s that time of the year again: the festive weekend for Chinese techies, startup entrepreneurs and investors alike. ChinaBang Awards, an annual ceremony recognizing the best startups in China, is on the go. To continue last year’s initiative in finding out the amazing startups nationwide- not just 1st tier cities, this year’s ChinaBang Award ceremony […]

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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 […]

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Banquets on the sidelines of World Internet Conference shed light on tech giants’ alliances

It’s that time of the year again. Tech executives and government officials from around the world are gathering in the historic water town of Wuzhen in east China for the state-run World Internet Conference (WIC). Meetings and keynotes aside, Ding Lei, the founder and CEO of the twenty-year-old tech conglomerate NetEase, has reportedly been hosting […]

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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 […]