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Posted inNews

China Funding Daily, May 16th,17th and 18th: Live streaming, AR glasses and AI

New fundings in China on May 16, 2017 Bona Film Group (博纳影业), a 16.5-year-old, Beijing-based film distributor, has raised RMB 300 million in a strategic investment backed by Wanda Cinemas (万达院线). E-date (易悦), a 3-year-old, Guangzhou-based social-networking app targeting elites, has raised RMB 20 million in Series Pre-A funding from undisclosed investors. Xiaoxiongjita (小熊吉他), a […]

Posted inNews

Can VR karaoke save the flagging KTV industry?

When karaoke machines first appeared in Japan in the 1970s they were considered an expensive fad. Almost 50 years later, KTV is one of Asia’s favorite pastimes and in China, it is already absorbing the newest trend in entertainment – virtual reality. VR arcades have been popping around China’s cities on a massive scale, and […]

Posted inNews

Self-balancing scooter Ninebot is now working on AI robots that can queue up for you

The original article appeared in Chinese on our sister site TechNode Chinese. China’s smartphone manufacturer Xiaomi released its latest self-balancing scooter, the Ninebot Plus with an RMB 3499 ($514) price tag on June 28th, two years after launching the Ninebot Mini. For the first time, Ninebot is using radio positioning technology for consumer products, with new remote controls that can […]

Posted inNews

5 must-know Chinese computer vision startups

Vision plays a central role in human cognition. While we use eyes to see things and the brain to interpret and coordinate, it is difficult for computers or robots to duplicate the way human perceive and visually sense the world around them. Computer vision is the science that aims to give a similar capability to […]

Posted inNews

10 live-streaming apps luxury brands need to know in 2017

Editor’s note: A version of this post first appeared on Jing Daily, the leading digital publication on luxury consumer trends in China.  From Papi Jiang’s Swiss watch collaboration to Tmall’s virtual U.S. shopping trip, live-streamed luxury brand campaigns are part of a growing trend as China’s live-streaming audience expands. The latest report by Chinese consulting company iiMedia Research estimated that the number […]

Posted inNews

Real Estate Platform Fangdd Announces Funding As China Eases Real Estate Bans

Fangdd, a popular Chinese real-estate platform announced they had closed a series C funding of $223 million USD led by Fountainvest Partners this July. The company announced series B funding of $80 million USD just two months ago from Vision Knight Capital China Fund, Lightspeed China Partners, and CDH Venture Partners. The Chinese government has recently eased restrictions on owning multiple […]

Posted inNews

Tencent-Baidu-Wanda Unveil E-commerce Site Ffan To Compete With Alibaba

One year after its establishment, Tencent-Baidu-Wanda’s e-commerce joint venture has finally rolled out e-commerce service Ffan to tap into China’s O2O e-commerce industry. In essence, Ffan is an open platform  that aims to redirect online users to all kinds of offline services, such as parking, reservations at restaurants, and purchasing film tickets and products at discounts. The […]

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