Carpooling is heralded to be environmentally friendly and money-saving, but in smog-stricken China, the transportation option became a source of public concerns after two female passengers got murdered during their lifts with Didi Chuxing drivers. The ride-hailing app has suspended its Hitch service to this date under government command, and its peers were also directed […]
View More Alibaba hits the gas on mobility as its bike sharing service adds carpoolingCategory: iResearch
China’s hottest news app Jinri Toutiao announces new CEO
You may not have heard of ByteDance, but you probably know its red-hot video app TikTok, which gobbled up Musical.ly in August. The Beijing-based company also runs a popular news aggregator called Jinri Toutiao, which means “today’s headlines” in Chinese, and the app just assigned a new CEO. At a company event on Saturday, Chen Lin, an […]
View More China’s hottest news app Jinri Toutiao announces new CEOChina’s NetEase raises $600M for its music streaming business
As Tencent Music, China’s largest streaming firm, reportedly stalls on its proposed U.S. IPO, one of its closest challengers is doubling down. NetEase Cloud Music, a rival operated by games and publishing giant NetEase, just closed a fresh $600 million injection from a bevy of investors that include Baidu and General Atlantic, the company announced […]
View More China’s NetEase raises $600M for its music streaming businessLinkedIn’s China rival Maimai raises $200M ahead of planned US IPO
Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. Maimai, China’s biggest rival to LinkedIn, has revealed today that it received a $200 million D Series investment back in April in what the company claims to be the largest investment in the professional networking market. That’s surprising but […]
View More LinkedIn’s China rival Maimai raises $200M ahead of planned US IPO