Startups

WeChat Channel Hi Better Me Completes A-Round Financing to Accelerate Expansion

WeChat Channel Hi Better Me Completes A-Round Financing to Accelerate Expansion

Chinese women’s lifestyle channel, Hi Better Me, which operates on Tencent Holdings Ltd.’s [HKG:0700] WeChat, raised tens of millions of…

Sep 22, 2017
Tang Shihua
Zuoyebang Files USD7.6 Million Countersuit Against Yuansouti for Unfair Competition

Zuoyebang Files USD7.6 Million Countersuit Against Yuansouti for Unfair Competition

The operators of Chinese internet education app Zuoyebang filed a countersuit against the developer of Xiaoyuansouti, accusing its rival of…

Sep 21, 2017
Dou Shicong
Short Video Brand Hexiangufu Completes A+ Round Financing, Securing Funding From Baidu Video

Short Video Brand Hexiangufu Completes A+ Round Financing, Securing Funding From Baidu Video

Hexiangufu, a multi-channel network (MCN) and short video content provider, received tens of millions of yuan in A+ round financing…

Sep 21, 2017
Tang Shihua
 Eastone Century Invests USD1.5 Million to Set Up Internet of Things Institute

Eastone Century Invests USD1.5 Million to Set Up Internet of Things Institute

Guangdong Eastone Century Technology Co. [SHE:300310], a communication technology service provider, will invest CNY10 million (USD1.52 million) to set up…

Sep 20, 2017
Tang Shihua
Public Pressure Pushes Chinese Startup to Suspend Its ‘Shared Girlfriend’ Service

Public Pressure Pushes Chinese Startup to Suspend Its ‘Shared Girlfriend’ Service

Public pressure has pushed a Chinese startup to suspend its service called Gongxiang Nvyou, meaning ‘shared girlfriend,’ TechWeb reported.

Sep 18, 2017
Tang Shihua
Special Tourism Services Club Yuelvhui Obtains USD1.5 Million Angel Round Funding

Special Tourism Services Club Yuelvhui Obtains USD1.5 Million Angel Round Funding

Yuelvhui, a startup club providing special tourism services in China, obtained CNY10 million (USD1.52 million) of capital in angel round…

Sep 15, 2017
Tang Shihua
Beijing Unveils Shared-Bike Regulations, Says Operators Shall Buy Personal Accident Insurance for Users

Beijing Unveils Shared-Bike Regulations, Says Operators Shall Buy Personal Accident Insurance for Users

Authorities recently issued a draft of the Guidance to Encourage Normative Bicycle-Sharing Development in Beijing. It provides pertinent solutions to…

Sep 15, 2017
Liao Shumin
English Education Site Acadsoc Raises Nearly USD15.3 Million in IDG-Led Funding Round

English Education Site Acadsoc Raises Nearly USD15.3 Million in IDG-Led Funding Round

Acadsoc.com.cn, an online English education site, said today that it has finished its nearly USD15.3 million (CNY100 million) B-series funding…

Sep 14, 2017
Tang Shihua
IoV Venture Capitalist Li Bin Pumps USD30 Million Into China’s AutoRadio Group

IoV Venture Capitalist Li Bin Pumps USD30 Million Into China’s AutoRadio Group

Chinese investor Li Bin confirmed on Sept. 12 that he invested almost CNY200 million (USD30.6 million) in AutoRadio Group, the parent company of audio program network Kaola FM.

Sep 13, 2017
Jiang Xuan
Online Report Claims Jumei International Is Offering Illegal Student Loans

Online Report Claims Jumei International Is Offering Illegal Student Loans

Yan Zhi Dai, a new microfinance app developed by Chinese cosmetics firm Jumei International Holding Ltd. [NYSE:JMEI] is illegally offering loans to students, a report from China Online suggests.

Sep 13, 2017
Dou Shicong
Online Fresh Produce Seller FreshMarket Bags USD45 Million in C+ Round Financing

Online Fresh Produce Seller FreshMarket Bags USD45 Million in C+ Round Financing

FreshMarket, which sells fresh produce online and delivers to local communites, has raised USD44.49 million (CNY290 million) in its C+ financing led by Tiantu Capital Co., Jiemian News reported.

Sep 13, 2017
Tang Shihua
ZHO Tissue Sharing Secures USD770,000 in Funding

ZHO Tissue Sharing Secures USD770,000 in Funding

China has embraced the shared economy. A startup based in the country’s northern province of Guangdong that deals in the…

Sep 12, 2017
Tang Shihua

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