Yunda Holding to set up multi-phase asset-backed special plan

Yunda intends to establish a multi-phase asset-backed special plan, which will be backed by the underlying assets of the warehousing and logistics infrastructure held by its wholly-owned subsidiaries.


Qunar.com's OBOR headquarters settled in Chongqing

On August 21, the Chongqing Municipal Government, Chongqing Economic and Technological Development Zone and Qunar reached a cooperation.

2020-08-23
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Roy Li

Guangdong's game industry revenue exceeded 100 billion in first half of 2020

On the 20th, Lu Xiaokun, executive chairman of the Guangdong Game Industry Association (GEGIA), announced the relevant data of the game industry developments in Guangdong Province.

2020-08-23
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ChinaTech

Dizal Pharma receives US$100 million in Series A financing

Recently, Dizal Pharma announced the completion of a US$100 million Series A financing for the research and development of small molecules.

2020-08-23
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ChinaMedical

Data center operator China Data Group completes a new round of financing

Recently, the hyperscale data center operator China Data Group completed a new round of financing. This round of IPO financing was led by Country Garden Ventures, with participation from the Dutch long-term investment fund APG and South Korean...

2020-08-23
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ChinaPEVC

NIO launches battery rental service, RMB 980 per month

On August 20, NIO Automobile launched battery rental services, or BaaS, which could save buyers 70,000 yuan immediately while purchasing a NIO automobile.

2020-08-23
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Lynn Lin

Chinese consumer finance companies have served 140 mln people: association

Recently, the China Banking Association (CBA) has released the 2020 year report of the development of China consumer finance companies, which shows that as of the end of June in 2020, there are 26 consumer finance companies in China, with assets worth...


Huifu.com invests in Acewill for digital upgrade of catering business

On August 20, Huifu.com announced a strategic investment in Acewill which led to further strategic cooperation between the two parties. The investment will be used for accelerating the digitalization of Acewill’s catering business.

2020-08-23
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Lynn Lin

Fresh food e-commerce platform Dingdong Maicai expands business to Nanjing City

Dingdong Maicai, a fresh food e-commerce platform in China, has officially settled in Nanjing, adopting the service mode of ordering on the Dingdong Maicai App and then fresh food delivered to door in 29 minutes.


Shuidichou closes RMB 230 mln Series D led by Swiss Re-insurance and Tencent

On August 20, Shuidi announced the completion of its Series D round of financing, taking in 230 million yuan. The investment was jointly led by Swiss Re-insurance Company and Tencent. Former investors including IDG Capital and Light-Up Capital followed suit.

2020-08-23
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Lynn Lin

Ele.me and ROSEONLY in collaboration to upgrade delivery service

Ele.me recently has reached a cooperation agreement with the rose token brand ROSEONLY to upgrade the intra-city delivery service. With the upgraded service, delivery within 20 kilometers can be completed in no more than 3 hours in Beijing and Shanghai.

2020-08-23
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Lynn Lin

Second-hand luxuries trading platform Shewusumai closes angel round

The second-hand luxuries trading platform "Shewusumai", meaning to sell luxuries quickly, has completed its angel round of financing, raising nearly 10 million yuan. The investors include Chihuang Capital and Wang Cong, executive director of Fortune Link.


Fanli.com included in the top 50 Internet companies in Shanghai

Recently, Jiemian News has released the list of top 50 new economy Internet companies in Shanghai, which included Fanli.com, Xiaohongshu, Bilibili, and Pinduoduo.

2020-08-23
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Lynn Lin

WeChat opens WeStore to every Chinese citizen

On August 20, WeChat announced that not only enterprises and self-employed businessmen or households, but also individuals could open stores on the WeStore mini program.

2020-08-23
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Lynn Lin

HachiBot closes Series Pre-A led by Northern Light Venture Capital

HachiBot, a robotics company founded by the former Qunar CEO Chen Zhenyu, has completed its pre-A round of financing worth tens of millions of dollars, led by Northern Light Venture Capital, and followed by Plum Ventures.

2020-08-23
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Lynn Lin
China SDG