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On June 30, Chinese B2C e-commerce platform operator and retail infrastructure service provider JD.com (Nasdaq: JD; 9618.HK)'s healthcare subsidiary JD Health and Siemens Healthineers, a leading healthcare company, entered into an agreement to boost service capacity for China's private hospitals. Read More
Chinese internet company NetEase's (Nasdaq: NTES) subsidiary third-party payment platform "epay.163.com" will soon launch a cross-border collections business. Read More
Beijing-based Missfresh E-Commerce, operator of fresh food ordering app Missfresh, recently announced completion of USD 450 mln in new funding led by Goldman Sachs Investment Partners, Chinese internet conglomerate Tencent (0700.HK), Jeneration Capital, and Davis Selected Advisers with participation by Poly (Hengqin) Capital Management, Glade Brook Capital, and China Renaissance New Economy Fund, as well as prior-round investors Tiger Global and Sofina. Read More
Chinese taxi booking and car hire service app Didi Chuxing's US-based research institute Didi Labs has secured a license for autonomous driving road tests, according to a list recently released by California's Department of Transportation. Read More
Shanghai-based Alibaba Sports, a subsidiary of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), recently announced completion of over RMB 1.2 bln in Series A funding at a post-money valuation of RMB 8 bln. Read More
Shanghai-based health insurance technology startup The CareVoice announced today it has raised USD 2.2 mln in early growth capital. Read More
Beijing-based automaker BAIC Group and Chinese internet company Baidu (Nasdaq: BIDU) have announced the formation of a group level strategic partnership concerning autonomous cars, telematics, and cloud services. Read More
China Telecommunication Technology Labs (CTTL), a division under China's Ministry of Industry and Information Technology (MIIT), has announced the introduction of unified Android standards for push notification service technology in partnership with major Chinese handset manufacturers and third-party push notification platforms. Read More
Beijing-based Zhizhe Tianxia Technology, operator of Q&A site Zhihu.com, has announced the completion of USD 100 mln Series D funding from Capital Today, and existing Zhihu shareholders including Tencent (0700.HK), Sohu's (Nasdaq: SOHU) online search subsidiary Sogou, SAIF Partners, Qiming Information Technology, and Innovation Works. Read More
Cathay Financial Holdings has announced that Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), will inject RMB 833 mln in the Taiwanese financial holding firm's insurance subsidiary Cathay Insurance for a majority stake. Read More