Unicorns

Chinese AI Unicorn SenseTime to Invest USD900 Million in R&D Headquarters in Shanghai

Chinese AI Unicorn SenseTime to Invest USD900 Million in R&D Headquarters in Shanghai

Chinese artificial intelligence (AI) unicorn Beijing SenseTime Co. will invest up at least USD909.4 million (CNY6 billion) in a new…

Nov 28, 2017
Dou Shicong
Mobike, Chinese IT Academy Team Up to Develop Bike-Sharing Industry Standards

Mobike, Chinese IT Academy Team Up to Develop Bike-Sharing Industry Standards

Leading Chinese bike-sharing company Beijing Mobike Technology Co. will partner with the China Academy of Information and Communications Technology (CAICT)…

Nov 28, 2017
Zhang Xia
Key Investor in Bike-Sharing Giant Ofo Again Talks Up Possible Mobike Merger

Key Investor in Bike-Sharing Giant Ofo Again Talks Up Possible Mobike Merger

Zhu Xiaohu, a key investor in Chinese bike-sharing giant Beijing Bikelock Technology Co. (Ofo), has reiterated that a merger with…

Nov 24, 2017
Liao Shumin
[Exclusive] Xiaomi Acquires Stake in Its South Korean General Agent Youmi, Will Expand Sales in South Korean Market in Direct Clash With Likes of Samsung

[Exclusive] Xiaomi Acquires Stake in Its South Korean General Agent Youmi, Will Expand Sales in South Korean Market in Direct Clash With Likes of Samsung

Xiaomi Technology Co. has taken another step in Samsung’s "home market,” South Korea. China’s technology company owned by Xiaomi, Inc.…

Nov 15, 2017
Quan Xiaoxing
Zhihu Legally Canned Ex-Worker Who Went Rogue, Bemoaned Boss on Firm’s Weibo Account, It Claims

Zhihu Legally Canned Ex-Worker Who Went Rogue, Bemoaned Boss on Firm’s Weibo Account, It Claims

Chinese question-and-answer platform Zhihu claims the ex-employee who illegally accessed one of the company’s official social media accounts to complain about his boss was lawfully dismissed.

Nov 10, 2017
Dou Shicong
China’s Largest Missile Manufacturer Plans to Set Up Satellite Company to Provide Communication Services

China’s Largest Missile Manufacturer Plans to Set Up Satellite Company to Provide Communication Services

China Aerospace Science and Technology Corp. (CASC), the country’s largest missile manufacturer, plans to set up a company to build…

Nov 2, 2017
Xu Wei
China’s Airbnb Copycat Xiaozhu Welcomes USD120 Million in E-Round Funding

China’s Airbnb Copycat Xiaozhu Welcomes USD120 Million in E-Round Funding

Short-term home rental platform Xiaozhu, operated by Beijing Run Technology Co., has raised USD120 million in E-round funding led by…

Nov 1, 2017
Dou Shicong
Shouqi Limousine & Chauffeur Will Test Online-Hailing Driverless Cars in China

Shouqi Limousine & Chauffeur Will Test Online-Hailing Driverless Cars in China

China’s internet online car-hailing platform Shou Yue Technology (Beijing) Co. will test online-hailing driverless cars, which will be put into operation in qualified areas by the end of this month

Nov 1, 2017
Dou Shicong
Facial Recognition Firm Face++ Raises Record-Breaking USD460 Million in Series C Funding Round

Facial Recognition Firm Face++ Raises Record-Breaking USD460 Million in Series C Funding Round

Megvii Technology Ltd., also known as Face++, said yesterday that it series C funding round secured USD460 million, a record-high…

Nov 1, 2017
Xu Wei
US Computer Game Devices Brand Razer Initiates IPO to Become First eSports Conception Stock in Hong Kong Exchange

US Computer Game Devices Brand Razer Initiates IPO to Become First eSports Conception Stock in Hong Kong Exchange

Razer USA Ltd, which does business as Razer Inc., a top brand for computer game devices in the US, initiated…

Oct 30, 2017
Dou Shicong
[Exclusive] Mobike, Ofo Work Separately to Secure Financing as Merger Rumors Stir

[Exclusive] Mobike, Ofo Work Separately to Secure Financing as Merger Rumors Stir

Beijing Bikelock Technology Co. (Ofo) and Beijing Mobike Technology Co. are working separately to secure financing despite rumors that the…

Oct 30, 2017
Jiang Xuan Zhao Chenting
Ofo Rolls Out 200 Shared Bikes in Sydney, Australia Without Need for Security Deposit

Ofo Rolls Out 200 Shared Bikes in Sydney, Australia Without Need for Security Deposit

Leading Chinese bike-sharing operator Ofo, run by Beijing Bikelock Technology Co., officially rolled out its services in Sydney, Australia…

Oct 25, 2017
Tang Shihua

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