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Posted inNews

China Funding Daily, May 10th and 11th: Cloud computing, O2O HR solutions, and English news app

New fundings in China on May 10, 2017 News Break, a 2-year-old, Beijing-based news and information mobile application targeting English speakers, has raised tens of millions of U.S. dollars in Series B funding led by NetEase (网易), with participation from IDG Capital Partners (IDG资本) and ZhenFund (真格资本). Meiwei Shenghuo (美味生活), a 3-month-old intelligent vending machine […]

Posted inNews

Meituan expands O2O business into homestay

China’s O2O giant Meituan announced yesterday the launch of its homestay business – Zhenguo Homestay (榛果民宿 in Chinese), taking another step to branch out into more O2O verticals, local media is reporting (in Chinese). The homestay service has listed some properties in tier-one cities as well as some popular travel destinations on its app and plans […]

Posted inNews

GOME, Amazon Enter Strategic Partnership To Push O2O Shopping

China’s electronics appliance maker GOME and Amazon have entered a strategic partnership, they announced last week. As a top home appliance retailer in China, GOME operates 1,800 offline stores across more than 400 cities in China. Its offline and logistics resources will allow Amazon to upgrade their logistics services, especially into lower- tier cities. The offline […]

Posted inNews

Baidu Records Steady Growth In Q4, Still Bullish On O2O Expansion

Baidu’s stock rose about 11 percent in after hours trading following the company’s fourth quarter results, which showed better than expected revenue growth despite a slowing economy. The company’s total revenue for the fourth quarter was 18.7 billion yuan ($2.9 billion USD), beating analyst expectations. Mobile revenue represented 53 percent of the company’s total revenue for the fourth quarter […]

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