The announcement of Amazon Go, the cashierless store concept, in late 2016, coincided with a flurry of Chinese tech companies creating their own versions of unmanned stores. For them, 2017 was a fruitful year for developing their solutions tailored to Chinese consumers, as well as in educating the market. What’s more important behind the quick […]
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LinkedIn’s China rival Maimai just raised $75 million
Maimai, LinkedIn’s biggest China rival, just raised $75 million in its latest Series C round and has plans to go IPO in 2019, our sister site is reporting (in Chinese). The round is led by DCM Ventures, an investor in popular social networking apps including Kuaishou, Tantan, Musical.ly, and Renren. IDG Capital and Morningside Venture Capital […]
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Top 15 apps you need for living in China
Say goodbye to Facebook, Twitter, and Instagram and welcome your new favorite apps. Here is everything you will need to navigate your China life. 1. Communication: WeChat (微信) The app to rule them all, WeChat is the very definition of indispensable in China. This is where you will connect with your friends, communicate with your […]
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China’s Airbnb rival Tujia receives $300 million for online unit
It seems that China’s online travel and accommodation industry is still feeling the heat from the Golden Week. China’s home rental unicorn Tujia.com, often dubbed the Airbnb of China, announced today that it just completed a $300 million Series E for its online arm at a valuation of over $1.5 billion. The current round marks […]
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Airbnb names new China head, rumored in talks with local rival Tujia
After nearly two years in China, Airbnb finally appointed someone to head its China business: Ge Hong as vice president. This is another big move to accelerate its push into the country’s lucrative short-term rental market worth an estimated RMB 12.52 billion in 2017 (in Chinese). Ge will report to directly to Airbnb CEO Brian […]
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10 of the best performing Chinese tech companies in Q1
Major listed Chinese tech firms have released their latest quarterly results, and most of them delivered strong performances. Here’s a roundup of some of the top performers, including BAT, JD, Weibo, and Momo. Chinese tech companies listed in Hong Kong Tencent (腾讯) Market cap: US$329.84 billion Tencent Holdings Limited (00700.hk) is China’s largest tech company […]
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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 […]
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Nuggets of Wisdom From Startup Guru And Angel Investor Philip Beck
Investor and startup mentor Philip Beck has been in China since 2005 and has seen his share of victory and defeat. He has established joint ventures, launched new brands, and is now an active investor in early and angel stage startups through his private fund Dubeta Ventures China. His primary areas of focus are consumer technology, gaming, […]
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Flexible Action Camera PIC Wins DreamPlus TechNode Demo Day
The winning startup of DreamPlus TechNode Korean Startup Demo Day, held on June 30th in Shanghai, was Boud, the makers of a flexible action camera. As a reward, the company was given a free booth at the TechCrunch Beijing event in November. The camera startup is one of the four selected companies participating in the DreamPlus Global Expansion Program. “DreamPlus aims to […]
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Push Notification Service Getui Enters Mobile Marketing With $108M Fresh Funding
Getui, a third-party push notification service provider, announced on Thursday a 700 million RMB (108 million USD) C round led by Haitong Securities and China Minsheng Bank, followed by all existing Series B investors including SAIF Partners and U.S. venture firm WI Harper. Launched in 2010, Getui offers push notification services, helping app developers to engage their customers […]
