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Shenzhen-based smart home robot developer UBTech Robotics recently announced completion of USD 820 mln in Series C funding and said that it is now valued at approximately USD 5 bln. Read More
Beijing-based automobile startup CHJ Information Technology (CHJ Automotive) has announced the recent completion of RMB 3.0 bln in Series B funding from Matrix Partners China and a new energy fund in Shougang Fund's portfolio. Read More
Shanghai-based cloud storage and computer technology developer Qiniu Information Technology recently announced completion of RMB 1 bln in Series E funding led by Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA) and Yunfeng Capital, the private equity company co-founded by Alibaba Group chairman Jack Ma. Read More
Beijing-based Kuaile Shidai, operator of online shopping site Qufenqi.com, recently completed USD 9-digit Series C funding from previous investors BlueRun Ventures and Source Code Capital. Read More
Online automobile information portal operator Autohome (NYSE: ATHM) has launched a new B2C online car sales platform, "Yiche Shangcheng," hosted on the independent Yichemall.com domain name. Read More
Online automobile information portal operator Autohome (NYSE: ATHM) has reached a partnership agreement with Beijing-based B2C e-commerce platform JD.com (Nasdaq: JD) to add an "Automobile Marketplace" channel to JD.com and JD.com's C2C site Paipai.com. Read More
According to an industry insider, Chinese B2C brand-name discount site Vipshop (NYSE: VIPS) is in negotiations with the financial services office of Shanghai's Jiading district to establish a small loan subsidiary in the district with registered capital of RMB 200 mln. Read More
Online automobile information portal operator Autohome (NYSE: ATHM) and Chinese automobile manufacturer Chery have jointly announced the launch of online sales of Chery's new "Ruihu 3" SUV on the Autohome site. Read More
Liang Ran, GM of Marketing at Xgo.com.cn, a car review website operated by Beijing-based LBS mobile advertising firm Leftbrain Technology, has disclosed that the company will seek an IPO in 2014. Read More
According to industry insiders, Australian telecom operator Telstra will soon announce the acquisition of Chinese vertical portal operator Pacific Online (0543.HK) for USD 800 mln. Read More