Meituan-Dianping Filed IPO in Hong Kong, Revenue Up Sevenfolds within Three Years
Meituan-Dianping submitted the file for its Initial Public Offering (IPO) to Hong Kong stock exchange on June 22, targeting a fundraising of $6 billion. It will rival with the incoming IPO of Xiaomi in scale with a funding target of $6.1 billion.
Tencent Adding Another Pearl in India? Firstcry Rumored to Raise $150 Million in Fresh Funding
India’s largest baby products retailer Firstcry (Brainbees Solutions Pvt Ltd) is reportedly in talks to several investors to raise up to $100-150 million. According to people aware of the development, the Mahindra group-backed retailer has revived talks with Singapore state investment firm Temasek Holdings.
Meet Swiggy, India’s New Unicorn with Chinese blood
India’s food-delivery startup Swiggy announced yesterday that it had grabbed $210 million for its newest Series G funding, valuing the startup at $1.2 billion and making it the newest entrant of India’s unicorn club.
Seeking More than Money: Next Generation Rises in the Internet Era
One year into an ideal job in a multinational corporation, my friend Lin made the seemingly risky decision to move to a startup. The multinational offered a decent salary, bonuses and a mature training system. What more could a new graduate expect?
Beijing’s Online Children Education Platform, VIPKid Completes $500 Million of Financing
VIPKid, the online children education brand has confirmed completion of its Series D+ round of financing with relevant details disclosed.
Xiaomi Mi Max 3 Debut: 6.9-Inch Screen with 5,400mAh Battery
Xiaomi‘s Mi Max 3 (model no. M1804E4T), will be released at Xiaomi’s next launch event after attaining its network license from Ministry of Industry and Information Technology (MIIT).
Newsletter: Can the Tinder-like Tantan Help You Find a Real Date in China?
Here is this week’s roundup of tech stories in China.
OPPO Find X: New Flagship with No Notch at €999, Lamborghini Edition at €1699
OPPO launched its latest flagship device, Find X, at the Louvre in Paris on June 19. The high-end smartphone from one of the largest smartphone makers in the world was revealed under much anticipation as the last member of the Find series, the Find 7, was released 4 years ago in 2014.
Ep. 10: Meituan, the Super App that Won Against a Thousand Clones
This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma tell you how Wang Xing, the legendary Chinese serial entrepreneur who started out with “copy to China,” is now standing behind one of the largest unicorns in the world, Meituan-Dianping.
Trump’s New Tarriffs on $200 Billion Chinese Imports Deemed “Blackmail” by China’s MOFCOM
On June 18 evening (EDT), U.S. President Donald Trump announced another tarriff on $200 billion worth of imports from China; Ministry of Commerce in China responded immediately saying “it is blackmail and an extreme threat.”