China’s Ucommune, the country’s largest rival to WeWork, has been on a busy acquisition spree to build out its domestic business and now it is looking at overseas opportunities after it closed a $200 million Series D funding round. The new round was led by Hong Kong-based All-Stars Investment with participation from Chinese investment bank […]
View More Chinese WeWork rival Ucommune raises $200M to go after international growthCategory: Beijing
Xiaomi opts for sliding camera and no notch for new bezel-less Mi Mix phone
Xiaomi has announced the newest version of its bezel-less Mi Mix family, and it doesn’t sport a notch like its Mi 8 flagship. Indeed, unlike the Mi 8 — which I called one of Xiaomi’s most brazen Apple clones — there’s a lot more to get excited about. The Mi Mix 3 was unveiled at an […]
View More Xiaomi opts for sliding camera and no notch for new bezel-less Mi Mix phoneChina’s fast-rising Bullet Messenger hit with copyright complaint
Bullet Messenger, a fast-rising Chinese messaging upstart that’s gunning to take on local behemoth, WeChat, has been pulled from the iOS App Store owing to what its owners couch as a copyright complaint. Reuters reported the development earlier, saying Bullet’s owner, Beijing-based Kuairu Technology, claimed in a social media posting that the app had been taken down […]
View More China’s fast-rising Bullet Messenger hit with copyright complaintRejected journalist visa sparks press freedom fears in Hong Kong
There’s concern for the freedom of the press in Hong Kong after the government declined to renew the visa of a veteran Financial Times’ editor, dealing an alarming blow to the country’s thriving journalism community. Victor Mallet, the FT’s Asia news editor who is also vice-president of the Foreign Correspondents’ Club, is effectively being expelled after he was […]
View More Rejected journalist visa sparks press freedom fears in Hong KongVP Pence calls on Google to end work on a search engine for China
On Thursday, Vice President Mike Pence called for Google to end its development of a search engine custom built to accommodate China’s disposition for censorship. Pence gave the speech at a conservative think tank in D.C., dipping into a range of anti-Beijing sentiments, from intellectual property concerns to tariffs and the trade war. Pence didn’t […]
View More VP Pence calls on Google to end work on a search engine for ChinaIt’s the end of crypto as we know it and I feel fine
Watching the current price madness is scary. Bitcoin is falling and rising in $500 increments with regularity and Ethereum and its attendant ICOs are in a seeming freefall with a few “dead cat bounces” to keep things lively. What this signals is not that crypto is dead, however. It signals that the early, elated period […]
View More It’s the end of crypto as we know it and I feel fineChinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B
The U.S. IPO window may be wide open for Chinese tech firms, but electric vehicle maker Nio has conservatively cut the target for its NYSE listing to $1.5 billion after it released a price range for its shares. The company plans to sell 184 million shares between $6.25-$8.25. That range would yield a total raise […]
View More Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5BChinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5B
The U.S. IPO window may be wide open for Chinese tech firms, but electric vehicle maker Nio has conservatively cut the target for its NYSE listing to $1.5 billion after it released a price range for its shares. The company plans to sell 184 million shares between $6.25-$8.25. That range would yield a total raise […]
View More Chinese Tesla rival Nio trims IPO target: now aims to raise up to $1.5BPlaying the global game, Sequoia can cut checks for up to $1 billion
As the shadow of SoftBank (and its $100 billion fund) looms large over the investment landscape, Sequoia Capital is pushing the upper limits of the checks it’s willing to write to global growth-stage companies up to $1 billion. With a B. That’s the word from Sequoia’s global managing partner Doug Leone speaking onstage at Disrupt […]
View More Playing the global game, Sequoia can cut checks for up to $1 billionApple cracks down on gambling apps in China
Apple is cracking down on illegal content in China after it removed potentially thousands of apps related to gambling, including ‘lottery’ services. The Wall Street Journal reported that the U.S. phone-maker purged as many as 25,000 apps — that’s a figure that was first cited by state-owned broadcaster CCTV [link in Chinese]. Apple didn’t comment […]
View More Apple cracks down on gambling apps in ChinaY Combinator is launching a startup program in China
U.S. accelerator Y Combinator is expanding to China after it announced the hiring of former Microsoft and Baidu executive Qi Lu who will develop a standalone startup program that runs on Chinese soil. Shanghai-born Lu spent 11 years with Yahoo and eight years with Microsoft before a short spell with Baidu, where he was COO and […]
View More Y Combinator is launching a startup program in ChinaFast-growing Chinese media startup ByteDance is raising $2.5B-$3B more
Fast-growing Chinese media startup ByteDance is looking to raise as much as $3 billion to continue growth for its empire of mobile-based entertainment apps, which include news aggregator Toutiao and video platform Tiktok. The Beijing-based startup is in early-stage talks with investors to raise $2.5 billion to $3 billion, according to a source with knowledge […]
View More Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more