Etaoshi, an online food ordering and delivery platform, has received nearly $10 million of Series A funding led by Highland Capital Partners and followed by several domestic VCs, disclosed Zhang Yang, founder of the company (source in Chinese). The capital will be used to expand businesses in other first- and second-tier cities beyond its home […]
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AutoNavi Launched LBS Cloud Platform with Alibaba
AutoNavi recently unveiled LBS cloud strategy with Alibaba, which invested $294 million for a 28% stake in the company earlier this year. AutoNavi’s LBS cloud platform and Alibaba’s cloud platform has been integrated with each other. This platform opened up basic services of map, searching, positioning and travelling to developers in a bid to lower […]
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Tech in China 2013: VCs Are Chasing Online Education, Finance, Mobile…
After social, e-commerce, group-buying and the like, venture capitalists have new categories of tech startups to chase in China in 2013. The new are online education, online finance, travel, among others. Mobile, of course, counts. The venture-backed mobile businesses, however, are similar to those proven ones on desktop; for instance, gaming, advertising, solutions for developers or […]
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Food Delivery Service Daojia Secured Series C Financing
Food delivery service Daojia.com received Series C financing from JD.com and Morningside Ventures (report in Chinese). The capitals received this time will be used to improve the delivery service and expand service networks, according to Sun Hao, founder and president of the company. Screenshot of Daojia Founded in April 2010, Daojia provides food delivery service to urban […]
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Started in 2007 by Dr. Lu Gang, TechNode began as one man’s attempt to tell the world about what’s happening in China’s tech and startup ecosystems. Since that time, we have grown into a trusted and respected information outlet, events organizer, and an integral part of the tech and startup community both inside and outside of […]
