Chinese bike sharing firm ofo rode into North America yesterday with a debut in Seattle, as the company expands globally …
Alibaba Leads $1.1B Investment Round In Indonesian E-Commerce Firm Tokopedia
Alibaba Group Holding Ltd. has led a US$1.1 billion investment in one of Indonesia's top three e-commerce firms, PT Tokopedia, …
Chinese IoT Artificial Intelligence Platform Unisound Gains $45M Strategic Investment
Chinese artificial intelligence (AI) firm Unisound says it has received RMB300 million (US$45 million) from a strategic investor who besides …
Ex Baidu Chief Scientist Andrew Ng To Raise $150M AI Fund
Andrew Ng (pictured), former vice president and chief scientist at Baidu Inc., has stayed busy since leaving the Chinese search …
Bike Sharing As Ad Platform Is Here: Mobike Partners With Disney To Promote Sales
The much anticipated use of shared bikes as advertising platforms is here: Mobike has partnered with Shanghai Disney to promote …
BAIC's Electric Vehicle Unit Raises $1.6B In Series B Round
Chinese car maker Beijing Automotive Group's (BAIC Group) electric vehicle business unit, BAIC BJEV, has raised a RMB11.1 billion (US$1.6 …
China To Challenge US Leadership In AI? Not So Fast
There have been a lot of discussions on China's rising prowess in artificial intelligence, on how the Chinese are catching …
Innovation Or Ponzi Scheme? China's Red Hot Initial Coin Offerings Could Burn Investors
When the market reaches into the pockets of average savers, it means real danger, warned one anonymous investor about the …
Sina Corp Establishes $500M Online Finance Fund To Back Chinese FinTech Firms
Chinese Internet portal Sina Corp said it would establish an Online Finance Fund with a target fundraising size of US$500 …
Virtual Reality Finds A New Application In China's Drug Rehab Centers
China is finding a new application for virtual reality (VR) in drug rehab centers. Four such centers have been set …
China's Central Bank Rejects Alibaba, Tencent's Push For Cashless Society
Alibaba and Tencent wanted to kill cash. But their dreams of a cashless society may get crushed first. Concerned about …
Tencent Joins $330M Round In Smartphone Start-Up Founded By Android Inventor Andy Rubin
Chinese Internet giant Tencent Holdings Ltd. has joined a US$300 million financing round in smartphone and smart device start-up Essential …
Chinese Bike Sharing Firm Ofo Partners With SoftBank C&S To Expand Into Japan
Chinese bike sharing company ofo and Japan's SoftBank Commerce & Services Corp. have reached a basic agreement to collaborate on …
Didi Chuxing Invests In Middle East And North Africa Ride Hailing Firm Careem
Didi Chuxing has made an undisclosed amount of investment in Middle East and North Africa ride-hailing firm Careem, as the …
Faraday Future Scraps $1 Billion Vegas Factory, Downshifts To California Cow Town
Faraday Future, the U.S.-based electric car startup founded by embattled Chinese entrepreneur Jia Yueting, today announced they have signed a …
Future Mobility Raises $200 Million In Financing Round At $750 Million Valuation
Chinese electric vehicle manufacturer Future Mobility Corp. has raised a new funding round worth US$200 million from a group of …
China Goes Cashless With Consumers Spending $5.5 Trillion Via Mobile Payments, 50 Times More Than Americans
Chinese consumers spent US$5.5 trillion via mobile payment platforms last year, about 50 times more than their American counterparts. By …
Chinese Cloud Solutions Provider T2 Cloud Raises $14M Round
T2 Cloud, a Beijing-based cloud solutions provider, has raised a series B round investment of nearly RMB100 million (US$14 million).
Chinese Logistics Big Data Firm G7 Hires Former Tencent Vice President Julian Ma As President
Chinese logistics big data company G7, backed by Tencent Holdings, has hired Julian Ma (pictured), a former vice president at …
Will Investors Pouring Billions Into Chinese Used-Car O2O Firms Get Run Over?
Investors are again throwing money at China’s online used-car e-commerce market. After a decade of massive new car sales, the …
Alibaba Partners With Macau To Drive Smart City Projects
Chinese Internet giant Alibaba Group Holding Ltd. and the Government of the Macau Special Administrative Region have entered into a …
Nvidia Buys Stake In Chinese Autonomous Trucks Developer TuSimple
American graphics chip manufacturer Nvidia Corp. has led a series B round in TuSimple, a Beijing-based start-up developing autonomous truck …
Chinese Ride Sharing Giant Didi Partners With Taxify To Expand In Europe, Africa
China's largest ride sharing company Didi Chuxing has agreed to form a strategic partnership with Taxify, a leading ride sharing …
Chinese Search Engine Sogou Plans US IPO To Support AI Push
Sogou Inc., China's second largest search engine, backed by Sohu.com Inc. and Tencent Holdings Ltd., has revealed plans to launch …
Baidu Waimai, Ele.me Said In Talks To Create Food Delivery Giant
Baidu Waimai, the food delivery unit of Chinese search engine company Baidu Inc., is rumored to be in merger talks …
Tencent Invests $23M In British Video Games Developer Frontier
China's Internet giant Tencent Holdings Ltd. has agreed to make a strategic investment worth GBP17.7 million (US$23.2 million) in Frontier …
Chinese Cloud Mobile Operating System Haimawan Raises $58M In New Round
Haimawan, a cloud-based mobile operating system developer, has raised RMB360 million (US$58 million) in a series C round from investors …
Xiaomi Refinances $1 Billion Syndicated Loan To Fuel Globalization
Chinese smartphone and smart device maker Xiaomi Inc. says its wholly owned subsidiary Xiaomi Hong Kong has signed a three-year …
Ofo Partners With Payment Service Adyen For Global Expansion
Chinese station-free bike sharing platform ofo today announced a global partnership with Adyen, a Netherlands-based multichannel payment company. The collaboration …
Alibaba, Paytm Reportedly Acquiring 20% Of Indian E-Commerce Firm Bigbasket For $200M
Chinese e-commerce giant Alibaba Group Holding Ltd. is reportedly in talks with Indian mobile payments and e-commerce platform Paytm E-Commerce …
Ofo Appoints Ex-Didi Senior Vice President Fu Qiang As Deputy CEO
Chinese bike sharing firm ofo has appointed Fu Qiang (pictured), former senior vice president at Chinese ride sharing company and …