Unicorns

Mobike to Pedal Into St. Petersburg Amid Global Expansion

Mobike to Pedal Into St. Petersburg Amid Global Expansion

The government of St. Petersburg, Russia, is currently in talks with Beijing Mobike Technology Co. to discuss bringing the bike-sharing unicorn to the port city.

Mar 16, 2018
Xu Wei
Ofo Primed for Even More Funding Following Recent USD866 Million Round, Founder Says

Ofo Primed for Even More Funding Following Recent USD866 Million Round, Founder Says

Chinese bike-sharing giant Beijing Bikelock Technology Co., better known as Ofo, is preparing for even more funding soon following a…

Mar 15, 2018
Tang Shihua
China’s Internet Giant Sina Establishes Weibo eSports Club to Commercialize Fast-Developing Industry

China’s Internet Giant Sina Establishes Weibo eSports Club to Commercialize Fast-Developing Industry

China’s internet heavyweight Sina Corporation will setup an eSports club as part of its popular microblogging service Weibo in a…

Mar 15, 2018
Dou Shicong
Bike-Sharing Startup Ofo Raises Record USD866 Million to Beat Off Competition, Merger Attempts

Bike-Sharing Startup Ofo Raises Record USD866 Million to Beat Off Competition, Merger Attempts

The world’s largest shared-bike services provider Beijing Bikelock Technology Co., better known as Ofo, has raised record high of USD866…

Mar 13, 2018
Xu Wei
Overseas Markets Offer Huge Opportunities for China’s Bike-Sharing Giants, Says Report

Overseas Markets Offer Huge Opportunities for China’s Bike-Sharing Giants, Says Report

The number of shared-bike users worldwide will rise further and may reach 306 million by next year, with Asia…

Mar 9, 2018
 Xu Wei
Tencent Pumps USD633 Million Into IPO-Prepping Live Streamer Douyu

Tencent Pumps USD633 Million Into IPO-Prepping Live Streamer Douyu

Live-streaming platform Douyu has bagged CNY4 million (USD633 million) in funding from tech stalwart Tencent Holdings Ltd. as it mulls an initial public offering overseas.

Mar 8, 2018
Dou Shicong
Momo More Than Doubled Profit Last Year After Live-Streaming Push

Momo More Than Doubled Profit Last Year After Live-Streaming Push

Chinese social software maker Momo Inc. beat market expectations by more than doubling profit to almost USD319 million last year as it acquired more members and promoted its live-streaming channels.

Mar 8, 2018
Dou Shicong
Didi Agrees to Share Credit Data With China’s Top Economic Planning Agency

Didi Agrees to Share Credit Data With China’s Top Economic Planning Agency

Didi Chuxing, China’s dominant ride-hailing service provider, has signed a credit information-sharing agreement with the country’s top economic planning agency.

Mar 8, 2018
Xu Wei
Tech Unicorns Lack Faith in A-Share Market’s Relaxed Easing Policies

Tech Unicorns Lack Faith in A-Share Market’s Relaxed Easing Policies

China’s stock markets are extending their arms to embrace tech unicorns, but many believe they still won’t be able to list as they are not yet bringing in a stable profit.

Mar 8, 2018
Xu Wei
China Should Teach Basic AI Courses in Grade School, iFLYTEK Chairman Urges

China Should Teach Basic AI Courses in Grade School, iFLYTEK Chairman Urges

Chinese schools should teach basic courses in artificial intelligence in elementary school to cultivate more talents in the sector, Liu…

Mar 7, 2018
Tang Shihua
Baofeng Group Will Shift To Web TV Business, Its CEO Says

Baofeng Group Will Shift To Web TV Business, Its CEO Says

Baofeng Group Co. will position itself as an internet television and home internet services brand, with next year and 2019 as…

Mar 6, 2018
Liao Shumin
Bike-Sharing Giant Ofo Gets CNY1.77 Billion Funding from Alibaba

Bike-Sharing Giant Ofo Gets CNY1.77 Billion Funding from Alibaba

Dai Wei, founder of China's bike-sharing giant Ofo, has received CNY1.77 billion (USD278.7 million) funding from internet mammoth Alibaba Group…

Mar 5, 2018
Tang Shihua

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