NewsCHINA BRIEF | Celebrity management agency Mountain Top closes USD 25.8 million Series B round led by ByteDanceThe two companies will start all-around strategic cooperation. 1 min read
The company offers online classes to preschool children. NewsCHINA BRIEF | London-based English instruction startup Lingumi raises USD 5.1 million from Alibaba Cloud ex-chief scientist’s VC fund1 min read
Revenues up 91% year-on-year but miss market predictions by USD 40 million. NewsCHINA BRIEF | Pinduoduo posts mixed Q4 earnings, fails to surpass JD.com’s GMV1 min read
Each needs to contribute RMB 533 million to the company’s registered capital. NewsDidi, Legend Holdings each gain 32% stake in Hyundai’s Chinese insurance business1 min read
The new platform will debut as soon as this month amid the spate of recently released office and productivity tools. NewsByteDance to boost its office collaboration app portfolio with Google Docs-like platform2 mins read
The American retailer has asked Myntra to slash discounts by 13-14% and close small warehouses that do not meet standards. NewsWalmart to fashion e-tailer Myntra: Control your expenses2 mins read
Neolix has booked orders for nearly 300 autonomous vehicles since the beginning of 2020. NewsCHINA BRIEF | Self-driving startup Neolix secures RMB 200 million in Series A+ led by EV maker Lixiang1 min read
ByteDance, the world’s most valuable start-up, is taking a measured approach to build up its video game credentials in major markets. NewsTikTok owner ByteDance scores video game hit in Japan, sharpening rivalry with Tencent3 mins read
The firm says it can deliver everything from groceries, beverages, medicines, and even flowers. NewsDidi launches errand service to compete with Meituan and Ele.me2 mins read
NewsDeals in brief: WeRide secures Grab’s backing for robotaxis, Foxconn invests in Robocore, seven China deals, and more
Press ReleasesCakap deepens roots in education by addressing early learning gaps, releases “Impact Report 2024”