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
|
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
|
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
|
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
|
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
|
Lynn Lin

More than half of 1,100 A-share listed companies achieved steady growth

Data show that as of the evening of August 20, about 1,100 A-share listed companies have disclosed the 2020 semi-annual reports.


ByteDance subsidiary invests in MYBO Game

Tianyancha APP shows that recently, MYBO Limited has undergone business registration changes.

2020-08-21
|
Roy Li

Post-secondary education company Sunlands layoffs and executives leave

Sunlands, a Chinese post-secondary and professional education organization, has continuously laid off employees in recent months, involving front-end sales, back-end operations and technology departments, 36Kr reported.

2020-08-21
|
Roy Li

Huawei applies a new trademark related to its Suzhou AI base

According to Tianyancha, recently, Huawei Technologies applied for the registration of the "桑田岛" (Sangtian Dao, literally Sangtain Island) trademark.


AT Zuche launches CaaS, bringing new trends in automobile consumption

On August 21st, AT Zuche, a P2P car rental platform in China, proposed the service concept of Car as a Service (CaaS).

2020-08-21
|
ChinaAutomobile

China's large UAV debuts in logistics sector by SF Express

This indicates that SF Express' large-scale UAV has achieved a complete success for its first cargo flight based on business scenarios. This is the first time that a large UAV has been used in logistics scenarios in China.

2020-08-21
|
ChinaTech

Securities companies encouraged to invest more in AI, blockchain, cloud computing, big data

Securities Association of China (SAC) encourages securities companies to increase investment in artificial intelligence, blockchain, cloud computing, big data and other fields.


Pinduoduo reports revenue of 12.19 billion yuan in 2020 Q2

The financial report shows that in the second quarter of 2020, Pinduoduo achieved revenue of 12.193 billion yuan, an increase of 67% from the 7.290 billion yuan in the same period in 2019, which was higher than the market's consensus of 12.16 billion yuan.

2020-08-21
|
Roy Li

Yuyue Medical, Ant Group and CATL to set up consumer finance company

Yuyue Medical announced that it plans to jointly invest RMB 8 billion with Ant Technology Group and others to establish Chongqing Ant Consumer Finance in Chongqing. Other investors include Beijing SureKAM Corporation, Cathay United Bank (China) Co.,...

China SDG