Unicorns

300,000-Plus Skeletal Shared Bikes Litter Guangzhou’s Streets

300,000-Plus Skeletal Shared Bikes Litter Guangzhou’s Streets

Abandoned shared bicycles have become a major headache for Chinese cities due to over-delivery and corporate closures. Guangzhou has more…

Jun 25, 2018
Dou Shicong
Visual China Supplies Images to Tencent's Social Ads Platform

Visual China Supplies Images to Tencent's Social Ads Platform

Visual China Group, the world’s third-largest image licensing firm and China’s version of Getty Images, will provide image resources for…

Jun 25, 2018
Tang Shihua
Investors Blanch at Xiaomi Valuations as IPO Roadshow Kicks Off

Investors Blanch at Xiaomi Valuations as IPO Roadshow Kicks Off

Chinese Investors Question Xiaomi’s Value as IPO Roadshow Kicks Off. Chinese electronics maker Xiaomi has kicked off the roadshow for…

Jun 22, 2018
Luo Qi
Vipshop to Triple Sales of US Goods to USD6 Billion by 2020

Vipshop to Triple Sales of US Goods to USD6 Billion by 2020

Vipshop to Triple Sales of US Goods to USD6 Billion by 2020

Jun 22, 2018
Xu Wei
Six Funds Get Backing to Invest in China’s Homebound Unicorns

Six Funds Get Backing to Invest in China’s Homebound Unicorns

Six Chinese fund providers have each raised between CNY10 billion (USD1.5 billion) and CNY30 billion as they look to purchase…

Jun 21, 2018
Shuang Ming
Mobike Rolls Out Electric Fences to Reinforce Shared-bike Parking Guidelines in Shanghai

Mobike Rolls Out Electric Fences to Reinforce Shared-bike Parking Guidelines in Shanghai

Mobike Technology, one of China’s two biggest bike-sharing operators, has rolled out electronic fences to prevent inappropriate parking of shared bikes in Shanghai.

Jun 20, 2018
Liao Shumin
Nio Founder Li Likens Carmaking to Climbing Mount Everest

Nio Founder Li Likens Carmaking to Climbing Mount Everest

Nio Founder Li Likens Carmaking to Climbing Mount Everest. The internet vehicle manufacturing industry is mired in a quandary of constant expectations and…

Jun 20, 2018
Li Suwan
China’s iFlytek Allies on AI With MIT

China’s iFlytek Allies on AI With MIT

China’s iFlytek Allies on AI With MIT. China’s intelligent voice recognition technology leader iFlytek, has initialed a cooperative agreement with…

Jun 19, 2018
Dou Shicong
Beijingers Miss Out on Deposit-Free Bike Sharing; Firms Don't Expect Revolt

Beijingers Miss Out on Deposit-Free Bike Sharing; Firms Don't Expect Revolt

China’s top bike sharers Mobike, Ofo and Hellobike have all recently adjusted their deposit-free riding policies, but left one city in the dark: Beijing.

Jun 15, 2018
Liao Shumin
Didi Takes Ride-Sharing Race to Melbourne

Didi Takes Ride-Sharing Race to Melbourne

Chinese ride-hailing titan Didi Chuxing plans to roll out services in Melbourne, Australia’s second-largest city, as it continues to expand…

Jun 15, 2018
Xu Wei
Mobike Rebuffs Rumors, Says Its Probe Finds No Hack, Data Leak

Mobike Rebuffs Rumors, Says Its Probe Finds No Hack, Data Leak

After data theft rumors emerged, Beijing Mobike Technology replied that the company cherishes its users’ security and privacy protection and…

Jun 14, 2018
Xu Wei
China's AI Unicorn Yitu Tech Triples Series C Funding In Less Than One Month

China's AI Unicorn Yitu Tech Triples Series C Funding In Less Than One Month

China's AI Unicorn Yitu Tech Triples Series C Funding In Less Than One Month. Chinese facial recognition unicorn Yitu Technology…

Jun 13, 2018
Dou Shicong

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