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VIPKID Receives USD500 Million in World’s Largest Financing for Online Education Startups

VIPKID Receives USD500 Million in World’s Largest Financing for Online Education Startups

VIPKID, Chinese online education firm that specializes in children’s language learning and offers an American education experience to students aged…

Jun 21, 2018
Xu Wei
JD.Com Receives Online Orders Worth USD24.5 Bln During China’s Mid-Year Shopping Festival

JD.Com Receives Online Orders Worth USD24.5 Bln During China’s Mid-Year Shopping Festival

China’s second-largest e-commerce company JD.Com posted record sales during its mid-year shopping festival promoted as 6.18 sales in reference to…

Jun 19, 2018
Liao Shumin
US Valve Licenses Perfect World to Set Up Steam Games Platform in China

US Valve Licenses Perfect World to Set Up Steam Games Platform in China

Perfect World has got the license from US web game developer Valve to create a Chinese platform to bring overseas Steam games to the country.

Jun 12, 2018
Tang Shihua
'Made in China' Mobile Games Shook South Korea’s Top 20 List Last Year in Sign of Increasing Popularity

'Made in China' Mobile Games Shook South Korea’s Top 20 List Last Year in Sign of Increasing Popularity

Chinese mobile games are leading the South Korean market as more than two thirds of the top 20 most popular games in the country last year had “made in China” tag on them.

Jun 11, 2018
Xu Wei
Social E-commerce Unicorn Xiaohongshu’s Alibaba-Backed Funding Moves Its Valuation to USD3 Billion

Social E-commerce Unicorn Xiaohongshu’s Alibaba-Backed Funding Moves Its Valuation to USD3 Billion

China’s social e-commerce platform and sharing community Xiaohongshu run by Shanghai Xingin Information Technology raised USD300 million in a new…

Jun 1, 2018
Xu Wei
Didi Chuxing Quietly Pilots Online Lending Service 'Dishuidai,' Offering USD31,400 in an Instant

Didi Chuxing Quietly Pilots Online Lending Service 'Dishuidai,' Offering USD31,400 in an Instant

Didi Chuxing Quietly Pilots Online Lending Service 'Dishuidai,' Offering USD31,400 in an Instant. China’s leading ride-hailing firm Didi Chuxing Technology…

May 15, 2018
Liao Shumin
JD.Com to Almost Double Home Appliance Stores Across China This Year

JD.Com to Almost Double Home Appliance Stores Across China This Year

China’s second-largest e-retailer JD.Com Inc. aims to penetrate the offline market further this year by nearly doubling the number of…

Mar 21, 2018
Wang Zheng & He Mingliang
Real Estate Internet Marketing Service Provider IdeaMake Secures USD3.9 Mln in New Financing Round

Real Estate Internet Marketing Service Provider IdeaMake Secures USD3.9 Mln in New Financing Round

IdeaMake, an online marketing service provider which serves real estate developers in China, raised CNY26 million (USD3.9 million) in A…

Dec 28, 2017
Tang Shihua
China’s Leading Online Travel Services Provider Ctrip Goes Through 'Inside-Out Rebranding,' Unveils New Global Site

China’s Leading Online Travel Services Provider Ctrip Goes Through 'Inside-Out Rebranding,' Unveils New Global Site

Ctrip, China’s leading online provider of travel services owned and operated by Ctrip Computer Technology (Shanghai) Co., is undergoing a…

Dec 18, 2017
Mevlut Katik
JD.com, Five Star Appliance Ink Strategic Cooperation Deal to Expand E-Commerce Giant’s Offline Channels

JD.com, Five Star Appliance Ink Strategic Cooperation Deal to Expand E-Commerce Giant’s Offline Channels

China’s e-commerce giant JD.Com, Inc. [NASDAQ:JD] signed a strategic cooperation agreement with one of China’s home appliance retailer, Jiangsu Five…

Dec 12, 2017
Xu Wei
AliHealth Reports Substantial Increase in Product Sales in First Half of Financial Year 2018

AliHealth Reports Substantial Increase in Product Sales in First Half of Financial Year 2018

Alibaba Health Information Technology Ltd. [HK:0241] (AliHealth) posted CNY890 million (USD134 million) revenues and CNY255 million gross profit between April…

Nov 17, 2017
Di Ning
China’s Food and Drug Administration Bans Online Sales of Prescription Drugs

China’s Food and Drug Administration Bans Online Sales of Prescription Drugs

China has banned online drug sellers to sell prescription drugs on the internet. China Food and Drug Administration (CFDA) issued…

Nov 16, 2017
Zhang Xia