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Chinese grocery platform Dingdong Maicai raised $330 million in a Series D+ round of financing led by the SoftBank Vision Fund, according to investor and advisor Cygnus Equity, as the startup continues its expansion in the crowded fresh food delivery market.
Chinese grocery platform Dingdong Maicai raised $330 million in a Series D+ round of financing led by the SoftBank Vision Fund, according to investor and advisor Cygnus Equity, as the startup continues its expansion in the crowded fresh food delivery market.
Chinese Internet security giant 360 announced on Tuesday a new partnership with NETA Auto, suggesting they will follow the philosophy of “making cars for the people”.
Chinese Internet security giant 360 announced on Tuesday a new partnership with NETA Auto, suggesting they will follow the philosophy of “making cars for the people”.
Taiwanese computer hardware manufacturer Gigabyte apologized on Tuesday after it was found referring to Chinese-made products as suffering from low quality, sparking heavy criticism from Chinese net users and removal from e-commerce sites.
Taiwanese computer hardware manufacturer Gigabyte apologized on Tuesday after it was found referring to Chinese-made products as suffering from low quality, sparking heavy criticism from Chinese net users and removal from e-commerce sites.
On May 10, Kantar and Google released their 2021 BrandZ™ Top 50 Global Brands in China report. Xiaomi was ranked No. 4, along with Alibaba, ByteDance, and Huawei in the top four on the list. Another smartphone-maker, OPPO, was ranked 6th and was selected as the Outstanding Globalizing Chinese Global Brand Builder.
On May 10, Kantar and Google released their 2021 BrandZ™ Top 50 Global Brands in China report. Xiaomi was ranked No. 4, along with Alibaba, ByteDance, and Huawei in the top four on the list. Another smartphone-maker, OPPO, was ranked 6th and was selected as the Outstanding Globalizing Chinese Global Brand Builder.
In last week’s China VC news: Shenezhen-based robotic automation startup Youibot raises 100 million yuan, crypto services provided Babel Finance bags a $40 million Series A and insurtech firm Yuanbao capitalizes on competitor Waterdrop’s IPO by raising a 1 billion yuan Series C round.
In last week’s China VC news: Shenezhen-based robotic automation startup Youibot raises 100 million yuan, crypto services provided Babel Finance bags a $40 million Series A and insurtech firm Yuanbao capitalizes on competitor Waterdrop’s IPO by raising a 1 billion yuan Series C round.
The Beijing Municipal Bureau of Market Supervision and Administration on Monday imposed the maximum possible penalty on online education platforms Zuoyebang and Yuanfudao for unfair competition and misleading consumers.
The Beijing Municipal Bureau of Market Supervision and Administration on Monday imposed the maximum possible penalty on online education platforms Zuoyebang and Yuanfudao for unfair competition and misleading consumers.
Known as the first Chinese e-commerce platform for lifestyle brands, Onion Global on May 7 formally went public at the New York Stock Exchange under the ticker symbol "OG", offering 12.5 million American depository shares (ADS) and achieving the maximum increase of more than 57%.
Known as the first Chinese e-commerce platform for lifestyle brands, Onion Global on May 7 formally went public at the New York Stock Exchange under the ticker symbol "OG", offering 12.5 million American depository shares (ADS) and achieving the maximum increase of more than 57%.
A driver of a Tesla vehicle died after rear-ending a truck in south China’s Guangdong province, raising a new round of safety concerns involving the US electric car maker’s vehicles.
A driver of a Tesla vehicle died after rear-ending a truck in south China’s Guangdong province, raising a new round of safety concerns involving the US electric car maker’s vehicles.
Chinese online insurance technology company Waterdrop Inc. said it will focus on expanding its user base in China’s lower-tier cities and growing its online insurance business.
Chinese online insurance technology company Waterdrop Inc. said it will focus on expanding its user base in China’s lower-tier cities and growing its online insurance business.
Cainiao, e-commerce giant Alibaba’s logistics arm, announced on Friday it will launch more than 800 international cargo flights by the end of 2021 to connect China’s Hainan Island and countries
Cainiao, e-commerce giant Alibaba’s logistics arm, announced on Friday it will launch more than 800 international cargo flights by the end of 2021 to connect China’s Hainan Island and countries
Didi Chuxing offered details on the income it derives from ride-hailing services on its Wechat official account on Friday.
Didi Chuxing offered details on the income it derives from ride-hailing services on its Wechat official account on Friday.
Suning International, the international business arm of Chinese retail giant Suning Group, unveiled a new cross-border initiative that will see the company partner with foreign brands that are seeking entry into China.
Suning International, the international business arm of Chinese retail giant Suning Group, unveiled a new cross-border initiative that will see the company partner with foreign brands that are seeking entry into China.
Chinese ride-hailing giant Didi Chuxing is reportedly planning to spin off its community purchasing business and launch a separate IPO for the platform, which allows buyers to obtain discounts by ordering groceries in groups and have them delivered to their neighborhood, according to tech media outlet The Information.
Chinese ride-hailing giant Didi Chuxing is reportedly planning to spin off its community purchasing business and launch a separate IPO for the platform, which allows buyers to obtain discounts by ordering groceries in groups and have them delivered to their neighborhood, according to tech media outlet The Information.
The tragic surge in Covid-19 infections across India, the second largest mobile phone manufacturer after China, has led to lower manufacturing output than expected, complicating the operations of a range of Chinese smartphone brands.
The tragic surge in Covid-19 infections across India, the second largest mobile phone manufacturer after China, has led to lower manufacturing output than expected, complicating the operations of a range of Chinese smartphone brands.
Over the past week, the esports industry in China has celebrated the International Labor Holiday by hosting multiple esports competitions for audiences and fans. Shanghai-based tournament organizer Imba TV hosted its $185 thousand Dota 2 i-League at the Shanghai Aegean Shopping Park in front of a limited live audience, while Tencent and VSPN also hosted a two-year anniversary party for Peacekeeper Elite in Chongqing, at which multiple partnerships were signed.
Over the past week, the esports industry in China has celebrated the International Labor Holiday by hosting multiple esports competitions for audiences and fans. Shanghai-based tournament organizer Imba TV hosted its $185 thousand Dota 2 i-League at the Shanghai Aegean Shopping Park in front of a limited live audience, while Tencent and VSPN also hosted a two-year anniversary party for Peacekeeper Elite in Chongqing, at which multiple partnerships were signed.