ofo raises $866 million in latest funding round led by Alibaba
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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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5 crucial apps for living in China if you can’t read Chinese
You’re staying in China, but there’s just one problem: you don’t speak any Chinese. Don’t worry. China has become a lot more English-friendly in recent years and knowing Chinese is no longer crucial for getting around. Here are 5 apps that you can use to survive in China without knowing Chinese: 1) Communication: WeChat In […]
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4 take aways from 34 new Chinese unicorns in 2017: IT Juzi report
A “unicorn” refers to those companies less than 10 years old and valued at $1 billion or more. There were 34 Chinese new unicorn companies in 2017 that match these conditions, according to a new report released by Chinese startup database IT Juzi (IT桔子). In the first half of 2017, rental economy startups gained prominence […]
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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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2017 vs 2016: Breakdown of top 10 new unicorns reveal shifts in China’s tech sector
The number of Chinese unicorns—startups with more than a $1 billion valuation—are growing so fast that later we might have to change the term into “dragons” in the future. The country now has 55 unicorns becoming the second-richest country in unicorn companies, followed by India and the UK. This is partly due to the ever-growing activity of […]
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Didi continues pivot into two wheeled mobility with beta test of electric bike rental
Chinese ride-hailing behemoth Didi is beta-testing its electric bike rental service in South China, a person with knowledge of the matter told TechNode. Didi is said to have won the initial support of at least three cities. The firm is expected to develop its own bike rental brand, or potentially a separate app, with an access […]
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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 […]
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China Tech Talk 31: China tech trends in 2017, part 1
This week, Matt and John discuss the top 5 trends (plus some honorable mentions) in China’s tech for 2017 and make some predictions going into 2018. This is the first of two parts. Links Previous episodes referenced: Bike rentals Episode 1: An introduction to China’s bike sharing Episode 03: Bike sharing business models – Mobike […]
