The Rise, Fall, and Future of Chinese Money in Silicon Valley
When China’s uber-rich zero in on an asset class—be it Los Angeles mansions, French vineyards, or European soccer players—they can quickly drown it in cash. But...
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Orange Electric Travel, A Didi and Li Auto Joint Venture, Files for Bankruptcy
On August 11, Orange Electric Travel, a Didi and Li Auto joint venture, added a new bankruptcy review case.
8/11/20222 min read
Landing Medical Completes D Round of Financing Worth $50 Million Led by Alibaba Health
This round of finaning was led by Alibaba Health and followed by Ether Capital. China Renaissance acted as the exclusive financial adviser to the deal.
11/10/20212 min read
Chinese E-commerce Platform Banned on Play Store for Selling Illicit Botox
Xiaohongshu, one of the world's largest community e-commerce platforms, has been banned from Google's Play Store.
7/30/20192 min read
Baidu CEO Robin Li Establishes Life Sciences Company BioMap for Diagnosis and Drug Development via AI
Life sciences company BioMap was formally announced on Sept. 25, led by Baidu CEO Robin Li as chairman and Baidu Ventures (BV) CEO Liu Wei as co-founder and CEO.
9/27/20202 min read
LGBTQ App BlueCity Reports Increasing Revenues and More Paying Users in Second Quarter Financial Report
BlueCity Holdings Limited (BlueCity), a leading Chinese online LGBTQ platform, reported increasing revenues and more monthly active users in its unaudited financial results for the second quarter ending June 30, 2020 released Wednesday.
8/26/20203 min read
Chinese Naturalized Olympians: Attaining Pride, Receiving Criticism and Carrying Hope
When Ailing Eileen Gu landed her first-ever official attempt at a four-and-a-half-rotation trick and thereby won the gold medal, related hashtags were soon among the top trends.
2/22/20227 min read
How An “Ordinary” Girl Got into Stanford through Bribery
“Today I just want to tell you guys that going to Stanford is not a dream. As long as you have a determined goal, and work hard for it, the dream will come true.” Zhao Siyu said in a live-streaming video. She encouraged viewers to share the video, so that more people would come to know her story and get inspired.
5/6/20195 min read
Huawei's 'Legions' Win Major Orders, Promoting 5G in Industrial Scenarios
Huawei announced on Wednesday that its Coal Mine Legion has signed a strategic cooperation agreement with National Energy Group Ningxia Coal Industry Co., Ltd.
12/2/20213 min read
Mack Horton Refuses to Share Podium with Sun Yang
After winning second place in the 400m freestyle at the World Aquatics Championships, Australian swimmer Mack Horton refused to share the podium with Chinese swimmer Sun Yang, which lead to furious reactions in China.
7/22/20194 min read
China VC Weekly: Chips, Cars and Robots
In last week’s VC news, several prominent chip makers raised considerable funds, toy robot maker Robosen bagged nearly $100 million and more.
China’s Alibaba Hits Pause on Investments in India Amid Rising Geopolitical Tensions, Report Says
China’s Alibaba Group Holding Ltd. has put on hold plans to invest in Indian companies amid rising geo-political tension between the two nations.
8/27/20202 min read