Alibaba to Purchase Ele.me and Enter Competitive Chinese Food Delivery Market
Chinese e-commerce giant Alibaba is planning to take over food delivery platform Ele.me for $9.5 billion. While Alibaba and ele.me have both declined to comment...
Category: Industry
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Tencent-backed Recruitment App Boss Zhipin Files for US IPO
Kanzhun Limited, operator of mobile recruitment app Boss Zhipin, on Friday filed privately for an IPO with the US Securities and Exchange Commission. The firm is looking to list the app on the Nasdaq under the ticker symbol "BZ," according to its preliminary prospectus. No pricing terms were disclosed.
Tsinghua University-Backed NLP Startup DeepLang AI Reportedly Has A Valuation of $100M
DeepLang AI, an AI startup founded by a team from the Natural Language Processing Laboratory at Tsinghua University (THUNLP), has completed a new round of financing with a market valuation of approximately $100 million.
4/10/20233 min read
China VC Weekly: Fintech and Robots
In last week’s VC news, Fintech pros from Airwallex completed a $200 million Series E round at a $4 billion valuation, Autonomous driving startup DeepRoute.ai raised roughly $300 million in Series B round, and more.
9/22/20217 min read
With WeWork's Purchase of NakedHub, Who Will Dominate the Co-working Industry in China?
At 9:30 a.m. on April 12th, Chinese co-working space startup Naked Hub held an internal management meeting to announce that it would sell the company to the U.S...
Oppo Unveils Next-Generation Under-Screen Camera Technology
Oppo announced the latest iteration of its under-screen camera technology on Wednesday, delivering both high display image and camera quality “without compromising the integrity of the screen.”
8/4/20213 min read
Douyin Launches Upgraded Version of "Mengzhi Plan" to Create High-Quality Popular Science Content for Youth
On January 1, 2022, the upgraded version of Douyin's "Mengzhi Plan," which aims to support educational content creators for youth, was officially launched.
Xiaomi's Founder Lei Jun to Give 600 Shares to Every Employee of Jinshan Group
On Monday, Lei Jun, chairman of Jinshan Group announced in a letter that he would give 600 shares to all employees of Jinshan.
7/5/20212 min read
"The Wandering Earth 2" Surpasses $15M in China's Pre-Sale Box Office
Before "The Wandering Earth 2" film officially debuts during China's upcoming Spring Festival holiday, a special watching event was held in Beijing on January 18. So far, the film's pre-sale box office proceeds have exceeded 100 million yuan ($14.75 million).
Tencent and Nintendo Partner up to Sell Switch in China
Nintendo announced a new deal with Tencent on April 26. The agreement will allow the Nintendo Switch, to finally break into mainland China, the world’s largest game market.
4/26/20192 min read
Meituan Sets Up Special Team for Retail-Related Business
On Wednesday, Chinese web retail and services platform Meituan announced a new round of adjustments, including the establishment of a special group to make decisions regarding all retail-related businesses.
10/28/20213 min read
Huawei's 5G Products Ready to Enter Europe after CE Certification
On April 16, reporters learned from Huawei's headquarters in Shenzhen that Huawei's 5G New Radio (NR) product that will be in commercial use this year has succe...