Posted inPosts

Bike-rental startup ofo lands series D+ backed by Alibaba’s Ant Financial

The funding spree continues in China’s bike-rental sector. Bike-rental startup ofo announced over the weekend that it raised an undisclosed amount in its Series D+ from Alibaba’s financial arm Ant Financial. Under the deal, ofo cooperate with Ant Financial in the fields of e-payment, credit system and globalization process. The announcement came less than two […]

Posted inPosts

Shanghai mulling bike-rental regulations

Shanghai is mulling rules to regulate the sizzling yet reckless development of the city’s bike-rental sector, local media is reporting (in Chinese). The new rules, expected to be introduced in May and come into effect in June or July this year, are the latest government efforts to deal with the growing problems emerging with the bike-rental […]

Posted inPosts

China Transportation Wars 2.0: Bike Sharing

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 […]

Posted inEvents

Live from TechCrunch – How can a foreign hardware company enter China?

Shenzhen, the Silicon Valley in China, is becoming a must-destination for the foreign hardware startups to start their business. On the other hand, Chinese startups are starting from Shenzhen and expanding to global markets, such as educational robot kit Makeblock, drone maker DJI, and smartphone manufacturer Huawei. In the panel “Startup in Shenzhen”, Benjamin Joffe, Partner […]