Chinese Cloud service provider QingCloud today announced completion of $20 million funding in Series B. The round is led by Lightspeed China Partners and joined by Matrix Partners China and existing investor BlueRun Ventures. Launched in July 2013, the young service has had 5000 customers. The startup behind QingCloud was founded two years ago. The funding will be […]
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Sina and Alipay Launches Weibo Payment, to Fight against WeChat Payment
Sina launched a payment solution, Weibo Payment, together with Alipay today. It is already available with the 4.2 version of Sina Weibo app released yesterday. Fan Zhiming , head of Alifinance for Domestic Market, made it clear that Weibo Payment is aimed at WeChat Payment when it comes to the convenience of making payments online or […]
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Ctrip Reportedly Invests Over $100 Million in Overseas Travel Platform ToursForFun
Chinese online travel giant Ctrip reportedly invested more than $100 million in overseas tourism service ToursForFun (report in Chinese). According to official website of ToursForFun, the company will become part of Ctrip’s North American branch, which was set up in last November. Founded in 2006, ToursForFun is a thriving online travel supplier dedicated to providing […]
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Online Retailer LightInTheBox Acquires U.S. Social Commerce Site Ador, Names Foreign Execs
LightInTheBox, a Beijing-based online retailer that targets at markets outside China, acquired Seattle-based social ecommerce site Ador at an undisclosed price (via Tencent Tech). The company will then set up its first office in the U.S. Mark Stabingas, CEO of Ador and former manager of Amazon Payments, is named as president of LightInTheBox, while CTO […]
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Dianping Wants to Become China’s Tripadvisor in Two Years
The ten-years-old Dianping started from ratings and reviews. But now it wants to be the China’s Tripadvisor in the hotel booking sector, according to a recent internal email Zhang Tao, CEO of the company, sent to employees (The full email in Chinese). In the email he said 2013 was the year the company grew the fastest and changed the […]
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P2P Lending Platform Renrendai Secures $130 Million Funding Led by Trustbridge Partners
Renren Ucredit, the parent company of P2P lending service Renrendai, reportedly booked $130 million of Series A funding led by Trustbridge Partners ($65 million) and an undisclosed institution ($65 million) (source in Chinese). The angel round is raised from Honghe Venture Capital in 2010. [Update: Renren Ucredit officially announced the news on Jan. 9] Renrendai […]
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10 Online Tourism Startups You Should Not Miss
Chinese startup database ITjuzi recently released the newest round-up of online tourism services. In ITjuzi’s database, there are overall 337 startups fall into this vertical category, while 41 companies or 12.2% of the total have secured capital injections in the past year. Please read the Chinese report here. Let’s take a look at the 10 […]
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Former Google China Head John Liu Joins Qihoo 360
John Liu, former vice president at Google Inc. and head of Google China, has joined Qihoo 360 as Chief Business Officer. (Update: Qihoo announcement) Dr. Liu left Google China in July 2013 after six-year stay there. He was the successor to the former Google China chief Kaifu Lee, founder of VC firm Innovation Works. Qihoo 360 […]
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WeChat Adds Taxi-booking App Didi Dache
Tencent’s IM tool WeChat integrated Didi Dache into its services just after the parent company injected $100 million in Series C funding of the taxi-hailing app (via Tencent Tech). Tencent has previously invested $15 million of financing in Didi Dache in April last year. After finding Didi Dache in WeChat’s My Bankcard interface, users can […]
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Join us for TechNode Meetup in Beijing ‘TechNode Touch’ on ‘Education Startups in China’
We are delighted to share with you that TechNode is back with its startup and technology meetup series, ‘Tech Node Touch ( TNT ) ‘. TNT aims to bring together the startup and technology community in Beijing regularly at our newly launched co-working space ‘The Node’ in the 751 D-park in Beijing, which is part […]