Unicorns
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…
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)…
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…
![[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](https://yicaiglobal.com/sites/default/files/styles/view_large/public/2.12%E5%B0%8F%E7%B1%B3%E6%94%B6%E8%B4%AD%E5%85%B6%E9%9F%A9%E5%9B%BD%E6%80%BB%E4%BB%A3%E4%BD%91%E7%B1%B3%E5%85%AC%E5%8F%B8%E8%82%A1%E6%9D%83%20%E5%B0%86%E6%89%A9%E5%A4%A7%E9%9F%A9%E5%9B%BD%E5%B8%82%E5%9C%BA%E9%94%80%E5%94%AErym.jpg?itok=ICjI3Md1 "[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.…
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.
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…
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…
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
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…
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…
![[Exclusive] Mobike, Ofo Work Separately to Secure Financing as Merger Rumors Stir](https://yicaiglobal.com/sites/default/files/styles/view_large/public/2.10%28%E7%8B%AC%E5%AE%B6%29%E4%B8%8D%E9%A1%BE%E9%83%A8%E5%88%86%E6%8A%95%E8%B5%84%E4%BA%BA%E8%B0%88%E8%AE%BA%E5%90%88%E5%B9%B6%EF%BC%8C%E6%91%A9%E6%8B%9C%E3%80%81ofo%E6%AD%A3%E5%87%86%E5%A4%87%E6%96%B0%E4%B8%80%E8%BD%AE%E8%9E%8D%E8%B5%84_0.jpg?itok=Dpxf_S9L "[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…
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…