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Posted inEvents, Up and Comers

“Many Chinese VCs will die”: Incubation and acceleration at TechCrunch Hanzhou

The vibrant Chinese tech and startup ecosystem is attracting huge attention from investors and institutions hoping to grab a place in the heated innovation competition. According to Crunchbase’s latest analysis, in the second quarter of 2018, Chinese startups raised 47% of all reported VC dollar volume whereas North American companies raised 35% of the whole pie. […]

Posted inNews

LY.com Merges Wanda Tourism, A Final Move Towards IPO?

LY.com, a leading player in China’s local attraction ticket arena, announced on Sunday it’s going to merge Wanda Tourism, the traveling arm of Chinese real estate conglomerate Dalian Wanda Group, with a mixture of cash and stock. After the transaction, LY.com’s market valuation will exceed 20 billion RMB (around $2.98 billion USD) with a cash deposit of […]

Posted inNews

Vivo becomes official World Cup sponsor until 2023

Editor’s note: A version of this post first appeared on Yicai Global, the English-language financial news service of Shanghai Media Group. Yicai Global is one of just two dedicated Chinese news feeds connected to the Bloomberg terminal. China’s smartphone maker Vivo will become an official sponsor of the FIFA World Cups 2018 and 2022 to be […]

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