Sequoia China has been quick to deny the claims, saying it regularly reviews its workforce.
Posted inHeavy Hitters
Briefing: JD.com recruiting to staff new business initiatives
The new positions underline JD’s efforts to diversify operations beyond its core e-commerce business.
Posted inWith Chinese Characteristics
Briefing: Video game license approvals plummet in April
Only 40 titles were approved in April compared with the 170 granted in March.
Posted inTurf Wars
Briefing: Western allies draft 5G Prague Proposals, warn against state influence
Huawei responded to the proposals by saying that cybersecurity was a technical rather than an ideological issue.
Posted inOn the Cusp
Crowdfunding site Shuidichou criticized for celebrity’s donation campaign
Verifying a family’s finances and assets such as cars and real estate is difficult, the platform said in a public letter.
Posted inUp and Comers
SaaS startup Black Lake raises RMB 150 million as factories shift to the cloud
State-owned enterprises China Resources Group, global beer brewer Anheuser-Busch InBev, and McDonald’s are among the client list.
Posted inUp and Comers
Briefing: Tencent-backed health care giant DXY expands to cosmetic medicine
DXY is looking to benefit from the booming cosmetic medicine segment, which is expected to be worth RMB 360 billion by 2023.
Posted inWith Chinese Characteristics
Ask China Anything: What do you think of idol culture in China?
Lawyers for Cai Xukun want users of video site Bilibili to take down their viral, satirical videos of the Chinese pop star.
Posted inHeavy Hitters
Briefing: WeChat update takes cue from Douyin, removes ‘Drift Bottle’ feature
The most recent version enables background music for short video posts and allows users to comment on videos.
Posted inUp and Comers
Rising popularity of plastic surgery lifts So-Young’s Nasdaq IPO
The company will use the funds to improve online consulting services with intelligent algorithms, and develop video-streaming features.