Cao Cao Mobility, a ride-hailing subsidiary of Chinese automaker Geely, is pushing ahead with plans to file its prospectus as early as April for an initial public offering in Hong Kong, according to a Tuesday report by Bloomberg. The Didi challenger has hired investment banks including ABC International Holdings Ltd., Bank of America Corp, and […]
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Posted inNews Feed
Chinese telecom regulator pushing for more 5G and data center infrastructure
China’s Ministry of Industry and Information Technology (MIIT) said in a Monday meeting that the government plans to promote construction of new infrastructure such as 5G, Internet of Things (IoTs), and data centers in the coming months. These projects are aimed at making China’s digital economy a more systematic and mature industry, Xiao Yaqing, the head of MIIT, said in the meeting. The Chinese government plans to build centralized data centers in the southwestern regions, where energy sources are cheaper and more abundant. [MIIT, in Chinese]
Posted inTurf Wars
Bytedance is pushing further into search with wiki rebrand
Bytedance rebranded baike.com, a Chinese online encyclopedia, to Toutiao Baike, as it pushes to challenge Baidu in China’s internet searching landscape.
Posted inOn the Cusp
AI driver monitoring is pushing forward semi-autonomous vehicle adoption
However, it also raises certain security risks as well as potential concerns over privacy.
Posted inHeavy Hitters
Briefing: Xiaomi rumored to be pushing Beijing staff towards second-tier cities
Those who move will reportedly receive a RMB 30,000 bonus and other perks.
Posted inNews
The world’s first blockchain toothbrush lets you mine coins by brushing your teeth
Blockchain is the biggest buzzword of the year. However, we are just now beginning to see what silly creative ways will this technology be applied. The newest example from China is a blockchain-based toothbrush by Shenzhen-based 32Teeth, currently crowdfunding the project through the JD Finance platform. The company aims to make your teeth really clean by […]
Posted inNews
Ofo teams up with largest bicycle producer Fushida
The race is still on in China’s bike-rental sector. Bike-rental startup ofo and the world’s largest bicycle producer Fushida recently entered into a strategic partnership that will see the latter manufacture 10 million bicycles for ofo every year, local media is reporting (in Chinese). Fushida chairman Xin Jiansheng expected the company’s annual production capacity to top 20 […]
Posted inNews
On-Demand Chef Service Haochushi Scoops $16M USD Series B Funding
On-demand chef service Haochushi has announced a 100 million RMB ($16 million USD) series B funding round from Cowin Capital following investment from Lightspeed China Partners. “This round of funding will be used to expand our service to a bigger market scale and to standardize” Haochushi CEO Xu Zhiyan said. Haochushi launched its service in 10 second-tier cities this year , according to the company. They also opened […]
Posted inNews
Xiaomi Launches A Money Market Fund, Pushing Further Into Online Financing
Most people know Xiaomi as an upstart smartphone sensation that elbows its way through a stiff market to become the world’s largest startup. But like other Chinese tech giants, Xiaomi is fast expanding into industries outside of hardware, now making new strides in finance. Xiaomi has just launched a money-market fund Huoqibao inside its homegrown mobile app Xiaomi Finance. […]
Posted inNews
Ushi – the making Chinese Linkedin
Recently, I talked to Dominic Penaloza, CEO of Ushi, whom my partner, Technode’s Lu Gang, interviewed in February. Within three months, Ushi has progressed quite a lot. It doubled its number of members, to 200,000. These includes 12,000 CEO and 5,000 CTO. 75% of VC active in China are also in Ushi’s network. (Entrepreneurs looking for funding probably […]
