NewsTencent boosts movie and gaming business with acquisition of cartoon studio BymentThe two companies have been cooperating on movie production since April 2017. 2 mins read
Shangjia Xiaochengxu aims to help the retail sector to upgrade digitally and seek additional revenue growth. NewsWeChat Pay launches feature for brick-and-mortar merchants, takes on Meituan and Ele.me2 mins read
In May, another Li One caught fire in Changsha, when a car paint protective pad, that was stuck to the exhaust pipe, ignited. NewsCHINA BRIEF | Li One vehicle catches fire on the road, two hospitalized1 min read
The company features a big data platform which can monitor online information and generate analysis reports automatically. NewsCHINA BRIEF | Chinese Adademy of Sciences-affiliated AI startup Wenge raises USD 29 million in Series C1 min read
Fanslink plans to expand to Indonesia, Vietnam, and the Philippines. NewsFanslink scores millions of dollars in pre-Series A to help Chinese brands go global2 mins read
Yungongchang, which was founded in 2015, is a SaaS provider that helps companies find mechanical and electronic parts directly from factories. NewsCHINA BRIEF | Foxconn-backed B2B procurement platform closes USD 14.4 million Series B1 min read
This share sale comes at a time when online healthcare consultation services have played a key role in alleviating the coronavirus crisis. NewsCHINA BRIEF | Alibaba Health to raise USD 1.3 billion to expand pharmaceutical and healthcare business1 min read
Yipien runs nearly 900 fresh-food neighborhood supermarkets in 17 cities in China. NewsCHINA BRIEF | Grocery chain Yipien Fresh closes USD 359 million Series C round led by Tencent and Today Capital1 min read
Investments are expected for sectors including construction materials, home appliance, artificial intelligence, and Internet of Things. NewsCHINA BRIEF | China’s top property developer raises USD 215 million to revamp traditional construction sector1 min read