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China's JD.com is teaming up with Sequoia China to raise up to RMB40 billion (US$5.81 billion) for a state-owned fund that invests in China's long-term and strategic tech areas.
The merger deal will give birth to China’s largest online healthcare platform for multisite license medical practice.
The company is reportedly also developing a censored version of an online search app for China users.
Don't Do Evil but the US tech giant is reportedly planning a censored search app in China
In a bid to turn a profit by the end of this year, Ofo is scaling back its global ambition.