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JD.com Records GMV of RMB 204 Bln Across 11-day Singles Day Sale
JD.com, 11/12/19
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) recorded total transaction volume of RMB 204.4 bln across the 11-day (November 1-11) Singles Day sales event, up 27.9% YoY, reports the company on its website today. 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
JD.com Upgrades and Rebrands JD Finance to JD Digits
JD.com, 11/20/18
Chinese B2C e-commerce and online finance giant JD.com (Nasdaq: JD) today announced a major upgrade and rebranding of its JD Finance business to JD Digits (formally Beijing Jingdong Digital Technology Co., Ltd.) The newly restructured unit will work towards integrating advanced digital technologies across not only fintech, but also four other sectors including urban computing, agriculture, campus services and digital marketing. Read More
Baidu, FAW to Jointly Launch L4 Autonomous Passenger Car by End of 2019
Baidu, 11/01/18
Robin Li, CEO of Baidu (Nasdaq: BIDU), announced today at the annual Baidu World event in Beijing that the Chinese internet giant plans for volume production of China’s first Level 4 (L4) Hongqi autonomous driving passenger vehicle in collaboration with Chinese automaker FAW Group, collaboration with Chinese-owned Swedish car manufacturer Volvo to jointly develop electric cars with full autonomous capabilities for the China market, and plans for autonomous driving taxis. Read More
Alibaba's DingTalk Collaboration App Invests in Office Automation SaaS Firm Landray
36Kr.com, 9/27/18
Shenzhen-based enterprise SaaS provider Landray Software recently announced that it has raised RMB 9-digit strategic funding from Chinese internet conglomerate Alibaba Group's (NYSE: BABA) team collaboration app DingTalk (Dingding). Read More
CRM SaaS Provider Udesk Secures RMB 300 Mln Series C
Udesk, 9/27/18
Beijing-based customer relationship management (CRM) Software as a Service (SaaS) provider Wofeng Shidai Data Technology (Udesk) recently announced the completion of RMB 300 mln in Series C funding led by Tiger Global Management, with participation from DCM Ventures and Legend Capital. Read More
Online Corporate Training Service Provider Yunxuetang Completes Series C
PE Daily, 9/25/18
Jiangsu-based online corporate training service provider Yunxuetang Network Technology recently completed Series C funding led by Yunfeng Capital with participation from previous investor SIG China Investment. Read More
CaaS Cloud Service Provider DaoCloud Obtains RMB 9-digit Series B
iYiou, 9/19/18
Shanghai-based cloud computing services provider DaoCloud Network Technology recently announced completion of RMB 9-digit Series B funding led by Tianfu Tech and Yuanyi Capital with participation by Sky9 Capital, Aeternam Stella Financial Holdings, F&H Fund Management, Huatai Securities (601688.SH), Puhua Capital, and Convergence Capital. Read More
Sequoia Capital, Yunfeng Invest RMB 150 Mln in IT Services Provider Yunxi
iYiou, 9/19/18
Hangzhou-based digital transformation solutions and products provider Yunxi Technology recently announced completion of RMB 150 mln in Series A+ funding led by Sequoia Capital China with participation by Series A investor Yunfeng Capital. Read More
Online Medical Imaging Cloud Platform Rimag Lands RMB 130 Mln Series B+
iYiou, 9/18/18
Shenzhen-based Yimai Tangguang Medical Technology, operator of online medical image cloud platform Rimag, has completed RMB 130 mln in Series B+ funding led by CICC Capital with participation from Xiaofeng Investment, according to a recent interview with Rimag vice president Zhou Xiaoyan. Read More
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