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China's Jan-April Core Internet Industry Revenues Exceed RMB 324 Bln
MIIT, 5/28/19
China's core internet industry, defined as the aggregate of those enterprises holding a telecommunications value-added service license and recording 2018 full-year service revenues of at least RMB 5 mln, generated RMB 324.6 bln in service revenue during the 4-month period from January to April, 2019, according to a new report issued by China's Ministry of Industry and Information Technology (MIIT). 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
JD.com to Open 1,000 More '7Fresh' Offline Fresh Food Stores Over Next 3-5 Years
Sina Tech, 9/19/18
Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) premium offline food shopping brand, 7Fresh, recently announced its national store opening strategy for a fast expansion. Read More
Furniture B2C E-commerce Platform Ihomefnt Wins RMB 1 Bln Series B
36Kr.com, 9/18/18
Jiangsu-based Ihome Jiaju Yongpin, operator of B2C furniture e-commerce platform Ihomefnt (Aijia Home Furnishing), won RMB 1.0 bln in Series B funding last month from Tiantu Capital at a valuation of more than USD 1.0 bln. Read More
Eyeglasses Retailer Coterie Wins RMB 100 Mln Series C from ChinaEquity Group
36Kr.com, 9/17/18
Shanghai-based eyeglasses retailer Youtong Trading (Coterie) recently announced completion of RMB 100 mln in Series C funding from ChinaEquity Group (833858.NEEQ). Read More
Rumor: Didi Chuxing's Takeout Delivery Service May Refocus on Overseas Markets
Caijing.com.cn, 9/17/18
Chinese taxi booking and car hire service app Didi Chuxing's plans to expand its food delivery service Didi Foodie to the cities of Jinan and Xi'an in August were suspended in late July. Read More
Robotic Arm Solutions Provider Dobot Raises RMB 100 Mln Series A+
Sina Tech, 6/28/18
Shenzhen-based robotic arm solutions provider Yuejiang Technology announced today that it has secured RMB 100 mln in Series A+ funding led by Green Pine Capital Partners. Read More
Manbang Invests RMB 300 Mln in Auto Parts and Maintenance Platform Jybd.cn
Tencent Tech, 6/26/18
Beijing-based Jiayi Bingding E-commerce, operator of auto parts marketplace and after-sales maintenance services platform Jybd.cn, recently announced completion of RMB 300 mln in Series A funding from Chinese truck-hailing company Manbang Group. Read More
Ant Financial Acquires 5% Stake in Hoperun Software
Hoperun, 6/04/18
Jiangsu-based software outsourcing services provider Hoperun Software (300339.SZ) recently disclosed the signing of a business partnership agreement with Beijing Ant Cloud Financial Information Service, on June 1. Read More
CareVoice to Release AI Voice-based Virtual Health Assistant for Insurers in China
The CareVoice, 5/17/18
Shanghai-based health insurtech startup The CareVoice announced today the launch of an AI voice-based virtual health assistant for insurers and employers in Greater China. Read More
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