Unicorns

Chinese Browser Qihoo 360 to Prioritize Getty Images in Search Hits

Chinese Browser Qihoo 360 to Prioritize Getty Images in Search Hits

China's largest internet security company Qihoo 360 Technology will prioritize photos from a unit of marketing agency Visual China Group, which owns Getty Images China, in search hits.

Jun 7, 2018
Tang Shihua
Tencent-Backed Kuaishou Buys Rival Short Video Startup Acfun From CADP

Tencent-Backed Kuaishou Buys Rival Short Video Startup Acfun From CADP

Tencent-Backed Kuaishou Buys Rival Short Video Startup Acfun From CADP.

Jun 5, 2018
Xu Wei
Ofo Slams Brakes on Mass-Layoffs Rumor

Ofo Slams Brakes on Mass-Layoffs Rumor

Bike-sharer Ofo has hit back at recent reports of large-scale layoffs stemming from a cash crunch at the firm, known for its iconic yellow bikes.

Jun 5, 2018
Qiu Zhili
China's Video Streamer Kuaishou Saves Anime Site AcFun to Enrich Fanbase

China's Video Streamer Kuaishou Saves Anime Site AcFun to Enrich Fanbase

Chinese Kuaishou Technology which runs Kuaishou streaming platform, has acquired Beijing-based anime video provider AcFun to stand up against market competition…

Jun 5, 2018
Xu Wei
Alibaba Takes 10% Stake in Parenting Unicorn Babytree as New Retail Tussle Intensifies

Alibaba Takes 10% Stake in Parenting Unicorn Babytree as New Retail Tussle Intensifies

Alibaba Group Holding has taken a roughly 10-percent share in online parenting community Babytree, valuing the target at around CNY14…

Jun 5, 2018
Dou Shicong
Bike Sharer Ofo Faces Massive Layoffs Less Than Three Months After USD866 Million Injection, Insider Sources Say

Bike Sharer Ofo Faces Massive Layoffs Less Than Three Months After USD866 Million Injection, Insider Sources Say

Chinese bike sharing firm Baike Luoke Technology which operates a popular Ofo platform, has embarked on large-scale layoffs due to…

Jun 4, 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
Mobike's Mexico Expansion Plan Stifled by Alleged Drug-Related Theft

Mobike's Mexico Expansion Plan Stifled by Alleged Drug-Related Theft

Mobike's Mexico Expansion Plan Stifled by Alleged Drug-Related Theft. China's Mobike Technology, the world's largest bike-sharer, has stumbled on a…

Jun 1, 2018
Xu Wei
World’s Most Valuable AI Firm SenseTime Wraps Up 2nd Fundraiser in Two Months

World’s Most Valuable AI Firm SenseTime Wraps Up 2nd Fundraiser in Two Months

Chinese facial recognition technology developer SenseTime has topped up its financing for a second time in just two months, reinforcing its position…

May 31, 2018
Xu Wei
Chinese Mobile Karaoke App Gets Top Marks in Pre-IPO Class

Chinese Mobile Karaoke App Gets Top Marks in Pre-IPO Class

Chinese Mobile Karaoke App Gets Top Marks in Pre-IPO Class. The developer of the Chinese social media singing platform ChangBa…

May 28, 2018
Dou Shicong
Invengo to Establish IOT Institute, Industrial Park in Xi'an to Support Local Technology Advancement

Invengo to Establish IOT Institute, Industrial Park in Xi'an to Support Local Technology Advancement

Shenzhen Invengo Information Technology will set up an Internet of Things institute and an industrial park in Xian, capital of…

May 28, 2018
Tang Shihua
China's Mobike Pedals to Rival Ofo, Ola in India With First Battle Set in Pune

China's Mobike Pedals to Rival Ofo, Ola in India With First Battle Set in Pune

China's Mobike Pedals to Rival Ofo, Ola in India With First Battle Set in Pune. Mobike Technology, one of China's…

May 28, 2018
Xu Wei

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