startup Archives - Page 12 of 13

Ofo Launches Campaign Urging Users to Spend $200 to Get Deposits Back

Ofo, plagued by bankruptcy rumors, has had a tough year trying to pay back user deposits. The Chinese bike-sharing startup recently launched a new controversial refund policy.

Codemao Completes $57 Million Financing Round

Codemao, a Shenzhen-based online education platform that offers computer programming classes to kids, has completed its Series C financing round to the tune of $57 million.

51 Credit Card Under Investigation For Outsourcing Debt Collection Services

51 Credit Card, China’s largest credit card service startup in terms of monthly active users (MAU), saw its share price plummet by 34.32% to $1.77 HKD today.

Chinese Private Satellite Developer GalaxySpace Completes Another Round of Fundraising

GalaxySpace, a private Chinese satellite constellation provider, has finished another round of financing led by JIC Technology Investment on September 16.

The Lingerie Startup Challenging Victoria’s Secret in China

It is indeed a private issue. In fact, the two parts of the company’s name Berry and Melon refer to the different sizes of women's breasts. The slogan April Zhao constantly brought up in her speech was “whether it's big or small, the pretty shape is all that matters.”

Why Israeli Startups Come to China And the Future of Smart Cities

We sat down with Eyal Hoffman, CEO at Highroad, an Israeli incubator specialized in urban tech to discuss his interest in China, Israel’s success in urban tech and his vision for the future of smart cities.

Faraday Future Fires Furloughed Employees

American EV-startup Faraday Future has fired a number of employees who have been on unpaid leave for months.

TuSimple Cooperates with USPS On Self-Driving Mail Delivery

On May 21, the United States Postal Service (USPS) announced that it is from now on going to ship mail and parcels on self-driving trucks, partnering with self-driving vehicle startup TuSimple.

TikTok Owner to Launch a Music Service Just as its Music Licenses are About to Expire

Just over a month ago news surfaced that TikTok’s music licenses were expiring, which could put the company in a complicated situation.

What Can Luckin Coffee’s Expansion Teach Us About the Changes in Chinese Consumption Patterns?

Luckin Coffee, the company that is mainly known in the West for giving Starbucks a really hard time in China, is more than just another gastronomic novelty, it’s a phenomenon that reveals a lot about the changing nature of Chinese consumption.

Faraday Future Sells Headquarters After Break with Main Investor Evergrande

Faraday Future has sold its Los Angeles headquarters in a desperate effort to stay afloat after dispute with their former main investor Evergrande.

China’s AI Startup 4Paradigm Raises Over 1 Billion Yuan in Series C Funding

On Dec. 19, 4Paradigm, a Chinese AI technology and service provider, announced it has completed its Series C funding round, raising over one billion yuan ($145 million). The rising star in AI is now valued at around 1.2 billion dollars.

2018 OTEC Winners Awarded RMB 1 Million, with Nobel Prize Winners Attending the Innovation Summit

Overseas Talent Entrepreneurship Conference (OETC), China’s largest international startup business competition came to a close on August 10. A team from Beijing won the global championship while an American and a British team took home the second and third place respectively.

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?

Kai-Fu Lee: 9 Years of Sinovation Ventures, Parallel Tech Universes, and VC + AI

This year, Sinovation Ventures will turn nine years old. At a recent press conference, I shared several stories of entrepreneurship over the past nine years. During this time, the world has changed dramatically. The venture capital (VC) industry has become increasingly competitive and the rules of the industry have also changed.

Didi’s Challenges

Didi Chuxing is the largest unicorn company in China valued at 50 billion USD. Over the past three years, not only did the company’s valuation grow in double digits, its investors also witnessed the highest rate of return ever of over ten thousand folds. However, despite the rapid expansion growth Didi is experiencing, the company […]

A Chinese Startup Argued Alibaba’s Taobao Plagiarized

On September 29, a netizen called Wu Liang released an article titled In Today’s Version of Alibaba Baba and Forty Thieves, Alibaba itself is Forty Thieves on Zhihu, claiming “Alibaba unexpectedly took our technical proposal in the name of the cooperation and completely copied our app.” According to ‘Wu Liang’, the “smart skin quality measurement”（智能测肤） […]

Can Jack Ma win the looming war between Alibaba and Amazon?

Can battle-tested and awe-inspiring Amazon and Jeff Bezos beat Alibaba and Jack Ma? A “historical” turning point is seemingly at hand: Alibaba could soon top Amazon in market value. On August 24, by the time the stock market closed, Alibaba’s market value was $445.5 billion, only a limit up away from Amazon’s $455.2 billion. Since […]

Xiaomi CEO Lei Jun: How Xiaomi Turned the Tables

Recently over 30 council members of the Yabuli China Entrepreneurs Forum (CEF) paid a visit to Xiaomi headquarter. The president of the forum, Chen Dongsheng, chaired this CEO seminar of ours entitled “Internet + Manufacturing Upgrades in China”. At the seminar, Xiaomi CEO Lei Jun shared with everyone Xiaomi’s business model, values, difficulties encountered during […]

Will unstaffed convenience stores bring about the revival of offline retail stores?

The new business of opening up unstaffed convenience stores was suddenly a hot topic recently. Startup companies flocked to the idea; industrial big names and business giants are also gearing up, eager to take a shot at the business. In December of 2016, following Amazon’s opening of its first self-driving grocery store in Seattle—Amazon Go, […]

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