Mobike launched Mobike New Lite, its latest model of bicycle, on September 22. After a two-month wait, the new models were finally available in Shenzhen’s Futian District, the company announced. The other districts will follow in the coming weeks.
On November 15, Bike sharing company Bluegogo employees posted on a professional social platform that Bluegogo had been disbanded, and it will continue to default on employee salaries until February 10, 2018.
Nuts Pro 2 (4G memory + 32G flash memory) sold from 1799 RMB, up to 3299 RMB for highest configuration (6G memory + 256 flash memory)
2017 was supposed to be the year China’s domestic smart speaker market broke out. Alibaba, Xiaomi, JD.com, Rokid, Mobvoi and Himalayas all launched intelligent speakers. But with Xiaomi flooding the market with its 299 yuan AI speakers and Alibaba and JD.com competing on price, the domestic smart speaker market does not look optimistic.
Xiaozhu announced it raised $120 million during its E-round financing on November 1. YF Capital led the round, and existing shareholders, such as JOY Capital, Morningside Venture Capital and Capital Today, increased their stake. TH Capital is Xiaozhu’s only financial adviser.
An unmanned noodle restaurant that promises hot bowls of noodles without staff assistance in less than one minute was this week’s hot business topic.
Car-sharing Platform TOGO Received USD 22 Million in B Round Financing with SIG as Keading Investor and Zhen Fund as Following Investor
Internet giants Alibaba and JD.com are still flirting with plans to open self-serve stores, but the first group of similar businesses has imploded in Shanghai. BingoBox, the city’s first self-service convenience store chain, closed its shops on Ouyangshang Road and Zhabei RM-Mart on September 27.
EZZY, a car-sharing company, announced its shareholders moved to dissolve the company on October 25. It is forming a liquidation group to handle the final sale of its assets.
On October 16, Ele.me announced it would run food-delivery service on Alipay and Koubei, preceded by its consolidation of Baidu’s food delivery unit—Baidu Takeout. Meanwhile, food delivering is changed into “Ele.me Takeout” on the front-page of Alipay’s app, making Ele.me one of the 11 original applications on Alipay home page interface. A while ago, Takeout…