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Ant Financial invests in Shanghai-based fintech startup VFinance

Ant Financial, the financial services affiliate of Alibaba, has made a strategic investment in VFinance (维金), a Shanghai-based startup providing digital financial infrastructure solutions to enterprises in China, according to VFinance’s announcement. At a press conference on July 18th, VFinance also signed strategic cooperation with MyBank (网商银行), an online bank launched by Ant Financial in 2015. The cooperation […]

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These 4 failed directions make what ofo it is now

The best success stories often begin with failures. What we see are the hefty funding rounds, skyrocketing valuations; what we overlook are the embarrassing first efforts, setbacks and radical change of directions. Ofo, the first company bike rental company to gain unicorn status in the emerging sector, meets nearly every definition we have for a successful […]

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[Discover China’s Next BAT] 8 rising stars, part 2

This is the fourth post in our series: Discover China’s Next BAT, where we will go over the potential tech giants that are leading China’s IT industry. Stay tuned over the coming month to keep updated on the next ‘BAT.’ iiMedia Research Group, a leading research institute in China, has released a list of leading mobile internet companies based on the […]

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Four strategies of China’s top 10 e-commerce apps

Pushing advertisement online and offline has been the typical strategy of China’s e-commerce giants to bring in customers, explaining why e-commerce sector is one of the toughest battlegrounds for freshly born startups since they have little money to spend on advertising. However, the trend is changing. As startups like Bolome, combining live streaming into cross-border […]

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Gadget recycling platforms go for gold with old smartphones

As the world’s largest smartphone market, China is set to retire around 400 million smartphones per year. The precious metals found in smartphones make this an untapped gold mine for O2O gadget recycling businesses. Investors certainly seem to think so, with the online gadget recycling platform Aihuishou (爱回收, literally “love recycling” in English) receiving an […]