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Alibaba's Cainiao to Roll Out 5-Day Delivery Service Globally

Alibaba Group, 6/28/23

Cainiao Network, the logistics arm of Chinese e-commerce giant Alibaba Group (NYSE: BABA; 9988.HK), pledged today to deliver cross-border parcels within five working days, which it said would be 30% faster than the industry standard. Read More

Pinduoduo Subscribes to USD 200 Mln in Gome Convertible Bonds in Strategic Partnership

Pinduoduo, 4/19/20

Chinese e-commerce platform operator Pinduoduo (Nasdaq: PDD) today announced it will subscribe to USD 200 mln in convertible bonds ("CBs") issued by Chinese household appliance and electronics retailer GOME Retail Holdings Limited (0493.HK) as part of a strategic partnership to bring more value-for-money merchandise to Pinduoduo's 585.2 mln users. Read More

Baidu Posts Q1 2019 Net Loss of RMB 327 Mln

Baidu, 5/16/19

Chinese search engine operator and AI technology developer Baidu (Nasdaq: BIDU) today announced its unaudited financial results for the first quarter ended March 31, 2019. Read More

JD.com Upgrades and Rebrands JD Finance to JD Digits

JD.com, 11/20/18

Chinese B2C e-commerce and online finance giant JD.com (Nasdaq: JD) today announced a major upgrade and rebranding of its JD Finance business to JD Digits (formally Beijing Jingdong Digital Technology Co., Ltd.) The newly restructured unit will work towards integrating advanced digital technologies across not only fintech, but also four other sectors including urban computing, agriculture, campus services and digital marketing. Read More

Fighting Robot Developer GJS Raises RMB 100 Mln Series B

36Kr.com, 9/20/18

Shenzhen-based fighting robot developer Gongjiangshe Technology recently announced completion of RMB 100 mln in Series B funding led by Guangkong Zhongying Capital with participation by Whales Capital Holdings and prior-round investor Shanghai-based Volcanics Venture. Read More

Alibaba Launches AI Program That Transforms Text and Images to Video

The Paper, 4/22/18

Chinese internet conglomerate Alibaba Group (NYSE: BABA) announced at the UCAN User Experience Design Forum the creation of an artificial intelligence (AI) program that can automatically generate short videos using content from text and images. Read More

Tencent Leads Series B Funding of Infants' English Study App 'Baby English'

Tencent, 3/20/18

Beijing-based Qimeng Education and Technology, operator of mobile infant English-learning service Baby English, recently announced completion of RMB 150 mln in Series B funding led by Chinese internet conglomerate Tencent (0700.HK) with participation by Series A investor Matrix Partners China. Read More

Jewelry-sharing App 'Saphny' Wins RMB 8-digit Pre-A Funding

PE Daily, 3/18/18

Shanghai-based Xingfu Benyuan Investment Management, operator of jewelry-sharing app Saphny, recently disclosed the completion of RMB 8-digit pre-Series A funding led by Fengze Venture Capital. Read More

Nine Chinese Handsets Makers to Launch Download-free App Standard

IT Home, 3/15/18

Nine Chinese handset manufacturers, including Xiaomi, ZTE (0763.HK; 000063.SZ), Huawei, Gionee, Lenovo (0992.HK), Meizu, ZTE sub-brand Nubia, Oppo, and Vivo, will launch a "Kuai Yingyong" (literally "Fast Application") standard on March 20 which will replace regular apps in some scenarios. Read More

O2O Fresh Food E-tailer 'Fresh Market' Lands RMB 290 Mln Series C+

Lieyunwang, 9/12/17

Jiangsu-based Yisui Information Technology, operator of fresh food mobile O2O platform Fresh Market, has secured RMB 290 mln in Series C+ funding led by Tiantu Capital. Read More