The year 2017 was great for many tech firms in China. Tencent briefly outdid Facebook in market valuation reaching a $500 billion valuation mark. Toutiao shot up from obscurity on the international scene with its parent Bytedance buying Musical.ly. Alibaba spread its wings further into Asia, Didi started its global expansion, Huawei overtook Apple as […]
While the sharing economy mania is cooling down in the bike rental industry with ofo retreating from India and Australia, the field of co-working is seeing some ambitious moves. Ucommune (previously UrWork), China’s leading co-working space and startup community service provider, announced today an RMB 300 million ($45 million) acquisition of Shanghai-based co-working company Workingdom. The acquisition is not […]
Ride-hailing giant Didi Chuxing has inked a strategic partnership with Chinese online used-car trading marketplace Renrenche to offer comprehensive solutions for vehicle supply and maintenance services. The move comes five months after the on-demand car company invested a hefty $200 million in Renrenche, a classified site that allows car owners to sell directly to other […]
China’s ride-hailing industry has been facing turbulent times but it’s not just about overcoming Didi.
China’s emerging Social Credit System prompts disquiet—even if no one is watching.
January 9th was WeChat mini program system’s first birthday. Throughout its first year, some startups picked it up and developed their own mini programs. There is now an ecosystem of mini programs. The advantage the small, light programs have is that WeChat users don’t need to download anything, they just start the mini app from […]