The dust kicked up by ride sharing has settled, but the air is again charged with electricity. This time, it’s bike sharing, and companies are losing no time stocking up on ammo. The latest news is that Ofo, a dockless bike sharing company which started on campus, has completed a C round totaling 130 million […]
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TechNode’s Top Sharing Economy Stories of 2016
The sharing economy is exploding in China. Worth about 299 billion USD in 2015, the market is expected to surge by 40 percent over the next five years, China’s National Information Center reported earlier this year. While the sharing economy is relatively a broad term referring to businesses that are based on peer-to-peer sharing of […]
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8 questions about Chinese tech we will see answered in 2017
In the tech industry, new innovations are constantly supplanting old ideas and seemingly stable companies can find themselves facing unexpected challenges. However, the trends we saw started in 2016 posed questions that have yet to be answered. Here are eight of them we think will be answered in 2017. 1. Can Alipay effectively deter the aggressive rise […]
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And the ChinaBang 2017 Awards go to …
It’s that time of the year again: the festive weekend for Chinese techies, startup entrepreneurs and investors alike. ChinaBang Awards, an annual ceremony recognizing the best startups in China, is on the go. To continue last year’s initiative in finding out the amazing startups nationwide- not just 1st tier cities, this year’s ChinaBang Award ceremony […]
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Gofun offers electric car rental for RMB 1 per hour
Editor’s note: A version of this post by Charles Liu first appeared on the Beijinger, a leading source of English-language lifestyle information on the city of Beijing. Beijing’s sharing economy has taken a huge step forward with the recent announcement that some 5,000 electric cars will be available to rent on a time-sharing basis in the city within two years. […]
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Ofo Wants to Connect Bikes, Not Make Them
A lot of people are curious about how Ofo and Mobike, China’s dominant bike-sharing platforms, are different. From a user perspective, they may not be so different, but from our previous post, we can see that Mobike is about creating a moving IoT platform. Ofo, on the other hand, emphasises user connection and the sharing economy. To […]
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Why more trains may lead to more unicorns in China
Editor’s note: This was contributed by Hans Tung in collaboration with Zara Zhang. Hans Tung is a Managing Partner at GGV Capital. A five-time Forbes Midas Lister, he has been a US/China investor for more than a decade. Zara Zhang is an analyst at GGV Capital. She has written for The Information, The Harvard Crimson, Harvard Magazine, among other publications. When I […]
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Investing in China, Korea, and Southeast Asia: Q&A with CyberAgent Ventures Managing Director Nobuaki Kitagawa
Overseas expansion is not only important for startups, but also for VCs. CyberAgent Ventures is a venture capital firm that does early-stage investments focusing on consumer internet startups in China, South Korea, and Southeast Asia, among which six companies successfully completed IPO. Japan-based CyberAgent Ventures had zero investment outside Japan when Nobuaki Kitagawa joined in 2006, and now with […]
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As outbound tourism grows, China’s giants are following along to fuel their global expansion
Not long ago, taking vacations away from home was only eligible for a small group of wealthy people in China. But now, thanks to the country’s quick economic growth as well as the stable rise of average incomes, this is no longer the case. China’s tourism industry has witnessed unprecedented development in recent years. The […]
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All-Star Speakers Led By Kaifu Lee To Join Us At TechCrunch Beijing, Nov. 5-8
TechCrunch Beijing is quickly approaching and we can’t wait. For all the aspirational geeks and entrepreneurs out there, TechCrunch Beijing Summit features a two-day hackathon from November 5 to 6 and two-day main stage talks from November 7 to 8. At the same time, a series of exciting parallel events will be held raging from […]
