51 Credit Card Under Investigation For Outsourcing Debt Collection Services
51 Credit Card, China’s largest credit card service startup in terms of monthly active users (MAU), saw its share price plummet by 34.32% to $1.77 HKD today.
Tag: #startup
Showing 12 of 77 posts with this tag
Alibaba Poures $10M into Indian Logistics Startup
Alibaba has invested $10 million into XpressBees, an eCommerce logistics firm based in Pune, India.
12/27/20191 min read
What Can Luckin Coffee’s Expansion Teach Us About the Changes in Chinese Consumption Patterns?
Luckin Coffee, the company that is mainly known in the West for giving Starbucks a really hard time in China, is more than just another gastronomic novelty, it’s a phenomenon that reveals a lot about the changing nature of Chinese consumption.
5/15/20195 min read
WeRide Announces Acquisition of Autonomous Trucking Startup MoonX.AI
Driving startup WeRide on Tuesday announced the acquisition of MoonX.AI, an autonomous trucking startup.
7/20/20212 min read
The Lingerie Startup Challenging Victoria's Secret in China
It is indeed a private issue. In fact, the two parts of the company’s name Berry and Melon refer to the different sizes of women's breasts. The slogan April Zhao constantly brought up in her speech was “whether it's big or small, the pretty shape is all that matters.”
Autonomous Driving Startup Zongmu Technology Raises $190 Million from Investors Including Xiaomi, Qualcomm
Chinese autonomous driving system startup Zongmu Technology announced that it has raised a total of $190 million in its Series D round of funding, including from a Xiaomi-backed investment fund.
6/4/20213 min read
Cloud Gaming Tech Firm Well-Link Secures $40M in Round-B2 Financing
Well-Link, a Chinese cloud gaming services provider, announced that it has completed a B2 round of financing totaling $40 million yuan, led by Temasek.
Changing the Tide: Chinese Startups in the Plant-Based Meat Revolution
It’s a daunting task, but a growing cohort of domestic startups in the meat-loving country, along with a few foreign firms, are on a mission to reverse the trend.
Faraday Future Sells Headquarters After Break with Main Investor Evergrande
Faraday Future has sold its Los Angeles headquarters in a desperate effort to stay afloat after dispute with their former main investor Evergrande.
Vector Database Firm Zilliz Closes $60M Series B+ Funding Round
Zilliz, a vector database company, announced on August 25 its completion of a B+ round of financing totaling $60 million, increasing its overall round-B funds $103 million.
8/25/20222 min read
End of Sharing Economy? Home-Cooked Reportedly Closed
Cooking-sharing app Home-Cooked has halted operations, indicating the downsides of sharing economy in today’s China.
6/4/20202 min read
Cloud-Native RPA Manufacturer Uniner Technology Secures Round-A Financing
Uniner Technology, a cloud-native robotic process automation (RPA) manufacturer, has secured round-A financing, jointly led by Sky9 Capital and Haochen Capital.