China VC Weekly: Retail, Biotech, EVs and Digital Media
Chinese unmanned retail solution provider SandStar announced that it has raised hundreds of millions of yuan in a series B+ round of financing.
8/10/20204 min read
Category: Industry
Showing 12 of 6361 posts in this category
China Consumers Association to Deepens Supervision on EV, Online Games, Off-campus Training
On Monday, the China Consumers Association announced the theme of the 2022 National Consumers Association Consumer Rights Protection Year - "Promoting Consumption Fairness Together".
1/17/20222 min read
Douyin Still Testing Food Delivery Business in Top Chinese Cities
ByteDance's short video app Douyin will reportedly launch food delivery services in all major Chinese cities on March 1, following internal testing in Beijing, Shanghai, and Guangzhou.
Douyin Denies Giving up the Food Delivery Business
Regarding the media report "Douyin abandons food delivery," Douyin stated that this information is untrue, and its group purchasing and delivery business is operating normally.
Kuaishou Launches New Short-Video App to Challenge TikTok’s Dominance Overseas
Kuaishou launched a new short-video app, SnackVideo, to target overseas users with a recommendation algorithm that suggests user videos based on their preferences.
4/27/20202 min read
China Youzan Achieves Q1-Q3 Revenue of $184 Million, Operating Losses of $119 Million
According to a financial report released by Chinese software as a service (SaaS) provider China Youzan on Wednesday, the company has achieved revenue of 1.176 billion yuan ($184 million) in the first three quarters of this year.
11/11/20213 min read
ByteDance Launches Zhichun Academy for Educating Entrepreneurs
Beijing Bytedance Technology launched an educational initiative for entrepreneurs on company internal exploration.
Bilibili Acquires Game Developer Beijing Shizhisha
Beijing-based mobile game developer Shizhisha became a wholly-owned subsidiary of Bilibili.
7/13/20222 min read
Mobike Rebrands as Meituan Bike, Now Available Through Takeout Delivery App
On Jan. 23, Wang Huiwen, co-founder and senior vice president of Chinese food delivery giant Meituan Dianping, announced in an internal letter the full integration of bike-sharing company Mobike into the Meituan system.
Alibaba’s GMV Surpasses $1 Trillion in Past Fiscal Year
Alibaba Group Holding Limited on Friday released its annual report for the fiscal year ended March 31, 2020, which shows it achieved a record gross merchandise volume (GMV) of $1 trillion while it had 780 million annual active consumers in China in the past fiscal year.
7/10/20202 min read
Smartisan Founder to Enter E-commerce Livestreaming
Smartisan founder Luo Yonghao announced on his Weibo that he intends to enter the live-streaming e-commerce sector.
3/20/20202 min read
Facing Strict Regulation, NetEase's Game Revenue Growth Falls to Single Digits
NetEase released its financial report for the second quarter of 2021 on Tuesday. Under the background of tighter supervision, the growth rate of NetEase's game revenue dropped to single digits.
9/1/20212 min read