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Mobile Education Platform Zuoyebang Wins USD 750 Mln Series E
Zuoyebang, 6/30/20
Chinese K-12 online education platform Zuoyebang has announced via its official WeChat account the completion of a USD 750 mln Series E round of financing, led by FountainVest Partners and Tiger Global, with participation from new and existing shareholders Qatar Investment Authority, Sequoia Capital China Fund, Softbank Vision Fund 1, Tiantu Capital, and Xianghe Capital. Read More
Baidu Posts Q1 2019 Net Loss of RMB 327 Mln
Baidu, 5/16/19
Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More
Ant Financial Leads Series A3 Funding of Men's Online Customized Outfitter Champzee
36Kr.com, 9/25/18
Hangzhou-based Chuiyi Network Technology, operator of subscription men's apparel service "Champzee," recently completed Series A3 funding led by Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), with participation from China Broadband Capital's Chenshan Fund. Read More
Messaging App 'Bullet Messaging' Exceeds 7 Mln Users, Plans RMB 1 Bln User-acquisition Push
All Weather TMT, 9/07/18
Luo Yonghao, CEO at Beijing-based mobile OS developer Chuizi Technology and an early investor in Beijing-based Kuairu Technology, operator of mobile instant messaging app Zidan Duanxin (Bullet Messaging), recently published a message on microblogging platform Weibo, stating that Bullet Messaging now has more than 7 mln active users, but that user growth is beginning to cool. Read More
Blockchain-based Community Forecasting Platform Yuyan Wins Seed Funding
36Kr.com, 7/18/18
Beijing-based Xinlian Technology, operator of blockchain-based community-based forecasting platform Yuyan, recently announced completion of seed funding from Shanghai-based Tokenmania Asset Management (TAMC), Kylin Capital, Huixiang Fund, Imagination Fund, and Hayek Capital. Read More
JD.com Records GMV of RMB 159 Bln during 18-day '618' Promotion
Sina Tech, 6/19/18
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) said today that gross merchandise volume for the "618" (June 18) e-commerce holiday period (12:00AM June 1, 2018 through 11:59PM June 18, 2018) reached RMB 159.2 bln. Read More
Airbnb Clone Xiaozhu Completes USD 120 Mln Series E
SinaTech, 11/01/17
Shanghai-based Kuaipo Information Technology, operator of short-term housing rental website Xiaozhu.com, announced today the completion of USD 120 mln in Series E funding led by Yunfeng Capital, the private equity firm co-founded by Alibaba Group (NYSE: BABA) chairman Jack Ma, with continued participation from previous backers Joy Capital, Morningside Ventures, and Capital Today. Read More
WeChat to Remove Limits on Number of Applets per Account
Mydrivers.com, 5/27/17
Chinese mobile and internet services firm Tencent's (0700.HK) WeChat mobile messaging app recently announced a new update to its applets function, which eliminates restrictions on the number of applets per account, upgrades template messages, and optimizes data analysis functions. Read More
Update: Maternity Healthcare Platform Lamabang Lands Series D from Suning
36Kr.com, 2/09/17
Shenzhen-based Wangzhi Technology, operator of online and mobile maternity-focused SNS and e-commerce platform Lamabang, recently announced completion of Series D funding from Chinese consumer electronics and home appliance retailer Suning Commerce Group (002024.SZ). Read More
Wanda's O2O Life Services Platform Feifan to Solicit RMB 10 Bln Series A Funding
Cnstock, 1/16/17
Wang Jianlin, chairman of Chinese entertainment conglomerate Dalian Wanda Group, recently said that the group's O2O local life services platform Feifan plans to initiate an RMB 10 bln Series A funding round in 2017. Read More
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