Sina Inc.-backed Weibo, China's equivalent of Twitter, and AcFun, a venture-backed video sharing platform, are among companies being required by …
JD.Com Invests $397M In UK Luxury Fashion E-Commerce Firm Farfetch
Chinese e-commerce giant JD.com Inc. has invested US$397 million in London-based luxury fashion online retail platform Farfetch to become one …
Mobike To Expand Bike Rental Services To Japan
Leading Chinese bike-sharing company Mobike says it has established a Japanese subsidiary, Mobike Japan Ltd., in Fukuoka city, with plans …
Baidu Launches AI-Based App To Add Emoji, Animation To Photos
Chinese search giant Baidu, Inc. has launched a new smartphone app that leverages the company’s facial recognition technology to add …
Tesla Near Agreement To Build First China Factory In Shanghai's Lingang Zone
U.S. electric vehicle manufacturer Tesla Motors Inc. is close to signing an agreement with the city of Shanghai to produce …
Wanda Cinemas, Tencent To Establish Joint Venture IP Powerhouse
Wanda Cinema Line Corp., the film division of Chinese conglomerate Dalian Wanda Group, has teamed up with Tencent Holdings' gaming, …
Chinese Bike Rental Firm Ofo Increases Bike Deposits To RMB199 From RMB99
Beijing-based bike rental company ofo today increased the deposit new users must pay to borrow bikes to RMB199 (US$29) from …
JD.Com Launches Robot Delivery Services In Chinese Universities
JD.com Inc. this weekend launched a robot delivery service at multiple universities across China, as the e-commerce firm continues to …
Chinese Firms Behind 9 Of 10 Most Lucrative Mobile Games Worldwide
Chinese companies are behind nine of the ten most lucrative mobile games in the Apple app store globally in terms …
UC Express Teams Up With GLP To Establish Logistics Fund In Western China
UC Express, a Shanghai-based logistics company, has teamed up with global logistics facilities operator Global Logistic Properties Ltd. and a …
Chinese Retailer Suning Launches Private Internet Bank
Jiangsu Suning Bank Co., Ltd., a private online bank backed by Suning Commerce Group Co., Ltd., officially launched Friday, as …
Why Hong Kong's Government-Led Innovation Drive Is Failing
Entrepreneur Jeff Wang planned to start his company in Hong Kong in 2015, after obtaining a Ph.D. degree in mathematics …
Tencent Leads $600 Million Series E Financing Round In Mobike
Chinese bike rental firm Mobike has raised over US$600 million in a series E financing round led by Tencent Holdings …
Tencent-Backed Canadian Start-Up Element AI Raises $102 Million
Element AI, a Canadian artificial intelligence company backed by China's Tencent Holdings Ltd., has raised US$102 million in new funding …
"Space Nation" Asgardia, With 28,828 Chinese "Citizens," Plans To Launch First Satellite
Asgardia, a non-profit organization aiming to create the world's "first space nation" announced plans in Hong Kong yesterday to launch …
Chinese Phone Maker OPPO Co-Leads $22M Round In EV Sharing Firm Ponycar
Chinese smartphone maker OPPO Electronics Corp. and investment firm Huiyou Capital have led a RMB150 million (US$22 million) funding round …
Tencent Leads $146M Round In Chinese Online Brokerage Firm Futu
Chinese Internet giant Tencent Holdings Ltd. has led a US$145.5 million C round financing in Futu Securities, an online brokerage …
Ucar Leads $320M Round In Chinese Electric Car Maker Xiaopeng
Ucar Group, a mobile app-based chauffeured car service launched by Chinese car rental company CAR Inc., has led a RMB2.2 …
Alibaba Launches Tmall World To Serve 100M Overseas Chinese Shoppers
Alibaba Group Holding Ltd. announced today the official launch of Tmall World as part of its globalization strategy. The new …
Chinese Bike Rental Firm Mobike Launches Services In The UK
Shanghai-based smart bike rental firm Mobike today announced it will launch its service in the British cities of Manchester and …
Alibaba Cloud To Open New Data Centers In India And Indonesia
Alibaba Cloud, the cloud computing arm of Alibaba Group Holding Ltd., announced today that it plans to establish new data …
China's BAT Spent $112.5B On Deals Since 2012, New Record Likely In 2017
China's three technology giants, Baidu, Alibaba and Tencent, commonly referred to as the BAT, spent a total US$112.5 billion on …
China's CRRC Unveils First Virtual-Rail Train System
China's CRRC Corporation Ltd., one of the world's largest suppliers of rail transit equipment, has unveiled a prototype virtual-rail train …
Tencent Invests $44M In Skyworth's Smart TV Unit Coocaa
Tencent Holdings Ltd. has made a RMB300 million (US$44 million) strategic investment in Coocaa, the Internet TV division of Chinese …
Chinese VCs Are Loving Autonomous Driving Tech
What is hot in China's venture capital land nowadays besides artificial intelligence? The answer: autonomous driving. Back in 2015, when …
Airbnb China Said In Deal Talks With Local Rival Tujia.Com
There are signs that what happened to Uber in China might be repeated by another U.S. tech giant: Airbnb. Airbnb …
Chinese Bike Sharing Firm Mobike Says It Is Worth Billions Of USD
Chinese bike sharing company Mobike is now worth billions of U.S. dollars, the company's CEO Davis Wang said during an …
China Bike Rental Firm Ofo Eyes Acquisition Of Taiwanese Bike Maker Giant
Chinese bike rental start-up ofo, a Beijing-based start-up claiming to be worth US$2 billion, is eyeing the acquisition of Taiwanese …
Baidu, German Auto Firm Continental To Jointly Develop Autonomous Driving Tech
Chinese Internet giant Baidu Inc. has signed a strategic agreement with German automotive company Continental AG to cooperate in the …
Fitch Places Baidu On Negative Credit Watch Citing Higher Financial Risk
Credit rating agency Fitch Ratings has placed Chinese Internet company Baidu, Inc.'s long-term foreign and local-currency debt, currently rated A, …
Alibaba Acquires 18% Of Supermarket Unit Of Bailian Group
Chinese e-commerce giant Alibaba Group Holding Ltd. continues to expand its holdings in brick-and-mortar retail assets, announcing a deal to …