Startups

China’s Popular Video Website AcFun Shuts Down Amid Financial and Regulatory Difficulties

China’s Popular Video Website AcFun Shuts Down Amid Financial and Regulatory Difficulties

China's popular video website AcFun faces severe operational difficulty due to failure of its financing plan. Its website is currently…

Feb 2, 2018
Dou Shicong
Xingbianli Defends Massive Job Cuts After Fired Employees Step Up Online Complaints

Xingbianli Defends Massive Job Cuts After Fired Employees Step Up Online Complaints

Chinese check-out free convenience store operator Xingbianli has recently optimized and restructured its workforce and resources in a bid to…

Feb 2, 2018
Yue Yan
Underwater Drone Developer Geneinno Secures USD2.3 Mln Financing to Up Robot Quality

Underwater Drone Developer Geneinno Secures USD2.3 Mln Financing to Up Robot Quality

Underwater drone developer Geneinno has raised CNY15 million (USD 2.3 million) in pre-A financing round. The company will use new…

Jan 31, 2018
Tang Shihua
Adhesive Tape Firm Aozon Secures Millions in A-Round Financing

Adhesive Tape Firm Aozon Secures Millions in A-Round Financing

Special adhesive tape producer Aozon Electronic Material Co. raised tens of millions of yuan in recent A-round financing as it looks to provide a…

Jan 31, 2018
Tang Shihua
Robot Visual Tech Firm to Use New Funding For Mass Production Development

Robot Visual Tech Firm to Use New Funding For Mass Production Development

Hyperci Technology Co., a machine-vision technology company, will use newly secured funding to advance efforts to achieve mass productions as…

Jan 31, 2018
Tang Shihua
Faraday Future Sues Ex-CFO for Trade Secret Theft, Inside Letter Shows

Faraday Future Sues Ex-CFO for Trade Secret Theft, Inside Letter Shows

Electric carmaker Faraday & Future has sued Stefan Krause, its ex-chief financial in a US federal court and his electric…

Jan 30, 2018
Xu Wei
BGI Genomics VC Arm Invests in Personal DNA Tester WeGene

BGI Genomics VC Arm Invests in Personal DNA Tester WeGene

The venture capital arm of China’s biggest genome sequencing firm, BGI Genomics Co., has participated in the latest funding round of WeGene, a leading provider of personal gene testing.

Jan 30, 2018
Tang Shihua
Chinese AI-Focused Media Start-Up to Use Funds to Improve Content

Chinese AI-Focused Media Start-Up to Use Funds to Improve Content

Heart of the Machine, a Chinese media start-up covering news on the country’s artificial intelligence sector aims to improve content…

Jan 30, 2018
Tang Shihua
Alibaba Group to Lead NEV Startup Xpeng Motors’s USD347 Million B Round Financing

Alibaba Group to Lead NEV Startup Xpeng Motors’s USD347 Million B Round Financing

China’s electric car startup Xpeng Motors’s CNY2.2 billion (USD347 million) B round of financing process started in Hong Kong today.…

Jan 29, 2018
Dou Shicong
Chinese State Banks Invest in 4Paradigm as Country Steps Up AI Support

Chinese State Banks Invest in 4Paradigm as Country Steps Up AI Support

Three of China’s biggest state-owned banks have invested in an artificial intelligence startup in a further sign that the country is pushing ahead with backing for companies in the field.

Jan 29, 2018
Chen Juan
Big Data, AI Service Company Bazhuayu Gets More Funds in Series-A Financing

Big Data, AI Service Company Bazhuayu Gets More Funds in Series-A Financing

Big Data collection and application service company Shenzhen Skieer Information and Technology Co., which runs Bazhuayu.com, completed its Series-A financing…

Jan 27, 2018
Tang Shihua
Tencent Leads See App’s C-Round to Boost Ties Between We Media, E-Commerce

Tencent Leads See App’s C-Round to Boost Ties Between We Media, E-Commerce

Chinese internet giant Tencent Holdings Ltd. took the lead in a USD10-million C-round at See App to help the we media services provider expand along the supply chain and cooperate with more brands.

Jan 25, 2018
Tang Shihua

Pages