Unicorns
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…
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.
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.
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.
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.
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…
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…
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…
OnePlus’s Flagship 5T Handset Will Launch in Sweden Following Tie-Up With Local Carrier
Smartphone maker OnePlus Co.’s flagship 5T handset is set to land in the Swedish market in March following a tie-up…
Alibaba Joins Tencent As Investor in Online Car Retailer Chehaoduo
Alibaba Holding Ltd. has joined fellow internet heavyweight Tencent Holdings Ltd. as an investor in two of China’s biggest car retail websites following a new funding round.
AI Unicorn SenseTime Forms Alliance With MIT
SenseTime Co., a Chinese artificial intelligence start-up backed by Alibaba Holdings Ltd., has formed an alliance with one of the…
Toutiao Extends Live-Streaming Push With VR Tech Acquisition
A unit under Beijing Bytedance Technology Co., which runs Chinese news aggregator Toutiao, has taken over as the sole investor…