China VC Weekly: Airwallex Scores Big Despite COVID-19
Global financial markets are struggling, having been crippled by the COVID-19 epidemic and the amount of VC deals has noticeably decreased.
4/19/20203 min read
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Didi's "Honghu" Project Revealed, Attracts 90 Online Ride-Hailing Firms
Chinese ride-hailing platform Didi's internal project "Honghu" has now developed at least 50 driver-side apps and has connected to nearly 90 online ride-hailing companies.
6/2/20222 min read
Bilibili Obtains Payment License and Acquires Original Comic Platform Youyaoqi
Bilibili acquired 65.5% equity of Zhejiang Yongyi Electronic Payment Co., Ltd., a licensed payment institution, for about 118 million yuan ($18.5 million).
11/22/20213 min read
EV Maker WM Motor to Raise $300 Million in D1 Financing
WM Motor, an EV firm in China's mainstream market, on October 5 announced that it expects to amass over $300 million in a Series D1 round of financing, led by PCCW Limited and Shun Tak Holdings Limited.
10/8/20212 min read
Alibaba Cloud Open Sources Tongyi Qianwen with 7 Billion Parameter Model
August 3rd news, today Alibaba Cloud open-sourced the Qwen-7B and Qwen-7B-Chat models with a total of 7 billion parameters. Both models are general-purpose and conversational models, and they are open-source, free, and available for commercial use.
Ep. 68: Entertainment livestreaming outside of China with Shang Koo of M17.asia
Episode 68 of Tech Buzz China features our co-host Rui Ma in dialogue with Shang Koo, the CFO of M17 Entertainment, or M17.asia, which is a livestreaming company popular in Taiwan and Japan.
6/9/202023 min read
Starbucks Partners With Meituan to Expand Delivery Services
Starbucks China on Tuesday announced a new cooperation agreement with Meituan, a domestic food delivery platform giant.
1/18/20223 min read
Weibo-owner Sina Gets $41 per Share Bid from CEO-controlled company New Wave
Sina Corp. said on Monday it had received a preliminary non-binding go-private offer of $41 per share in cash from New Wave MMXV Limited.
7/7/20201 min read
China's Mainstream Video Platforms Cancel Option to Fast Track Episodes
Three mainstream long-video platforms in China, iQiyi, Tencent Video and Youku, announced on Monday the cancellation of their option to fast track dramas.
10/4/20212 min read
Realme 9i 5G Smartphone to Be Released in India August 18
Chinese smartphone manufacturer realme said on August 5 that it would release the 5G version of its realme 9i smartphone at 11:30 am on August 18.
Xiaomi May Aim for IPO in later 2018, Lei Jun Values Business at $200B
Xiaomi Chairman Lei Jun reportedly contacted an investment bank in November 2017 about a potential public listing of the company in the second half of 2018. Lei...
Nintendo, Microsoft, and Sony Write Joint Letter to Warn Trump of Tariff Impact on China
Sony, Microsoft, and Nintendo have written a joint letter to the Trump administration, warning the government that its impending tariffs on Chinese goods will dramatically harm the video game industry and its employees.
6/27/20192 min read