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Updated: Alibaba rumored to deepen involvement in bike-rentals with upcoming $1 bln Hellobike investment round

Updated 23 Jan 2017: TechNode Chinese has reached out to Hellobike, Fosun Capital and Hellobike’s early-stage investor GGV, but neither has confirmed the news. Chinese bike rental firm Hellobike (哈罗单车) is going to complete $1 billion worth of round from Ant Financial (an affiliate company of Alibaba Group), Fosun Capital, and some other existing investors, people familiar […]

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How is Meituan competing against Alibaba, Didi, and Ofo?

Editor’s note: A version of this article by Tingyi Chen first appeared on WalktheChat. WalktheChat specializes in helping foreign organizations access the Chinese market through WeChat, the largest social network on the mainland. Meituan, a company focused on providing lifestyle O2O services, is planning on its IPO aiming to value $60-80 billion.  The company was valued at […]

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Geely-backed Chinese ride-hailing firm Caocao Zhuanche raises $156 M series A round

Caocao Zhuanche(曹操专车) an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB 1 billion ($156 million) series A round from various investors, at a valuation of over RMB 10 billion ($1.6 billion), Sina Technology is reporting. Investors in the round were not disclosed. With the new funding, the company plans to expand in cities […]

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Analyse Asia 250: China tech giants’ acquisitions & its impact to Asia with Jon Russell

Editor’s note: This originally appeared on Analyse Asia, a weekly podcast hosted by Bernard Leong, dedicated to dissecting the pulse of business, technology, and media in Asia. The podcast features guests from Asia’s vibrant tech community. Jon Russell, from TechCrunch joined us in a two-episode arc to discuss the major acquisitions that are shaking the Asia […]