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Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK) announced today that transaction volume on the platform during the company's 618 Grand Promotion anniversary sale (held June 1-18) exceeded RMB 269.2 bln, up 33.6% YoY. Read More
Chinese consumer electronics and home appliance retailer Suning.com's (002024.SZ) logistics service, Suning Logistics, has launched an on-demand delivery solution called "Suning Miaoda" (roughly "Arrive in Seconds"). Read More
Chinese dockless bicycle-sharing service Mobike announced today that it currently has operations in 130 cities globally, including 125 mainland Chinese cities and 5 overseas cities. Read More
Shenzhen-based Letuhui Technology, operator of mobile electric vehicle rental platform PonyCar, has completed RMB 150 mln in Series B funding from Huiyou Investment Mangament and handset vendor Oppo. Read More
Shenzhen-based Yisan Technology, operator of mobile umbrella sharing app E San, completed RMB 10 mln in angel funding on May 13 from Siye Chuangtouhui Investment Management. Read More
Shanghai-based Yueyi Information Technology, operator of electronic products recycling platform Aihuishou.com (literally "Love to Recycle"), has announced the completion of RMB 400 mln Series D funding in a round jointly led by Cathay Capital and Shenzhen Fortune Venture Capital, and with participation by a number of existing and new stakeholders, including Tiantu Capital, e-tailer JD.com (Nasdaq: JD), Morningside Ventures, Greenwoods Asset Management, and Shenzhen Qianhai Fund of Funds. Read More
Shenzhen-based 360-degree camera maker Arashi Vision recently announced completion of RMB 8-digit Series B+ funding from Chinese consumer electronics and home appliance retailer Suning Commerce Group (002024.SZ). Read More
Chinese internet company Sina (Nasdaq: SINA) recently launched a new study abroad installment credit service product, (Sina Liuxue Fenqi). Read More
Shenzhen-based Liuchi Technology, operator of mobile shuttle bus service app Dada Bus, recently announced that it has completed nearly RMB 200 mln in Series B funding from investors including Northern Light Venture Capital (NLVC) and Beijing-based Jingqiao Capital. Read More
China will complete initial review of a second batch of "smart city" trial sites in late June, and will release a list of roughly 50 new cities in the second half of 2013, an industry source said. Read More