Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Other participants in the round, which consists of equity and debt financing, […]

Read More’s new accelerator focuses on blockchain startups, one of China’s largest e-commerce companies, is launching a new Beijing-based accelerator program for artificial intelligence and blockchain startups. Called AI Catapult, its first batch includes six companies: Bankorus, CanYa, Bluezelle, Nuggets, Republic Protocol and Devery. In an announcement, said startups will work with its operational teams to “test real-world applications of their […]

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Chinese game streaming platform Chushou raises Series D, adds Google as investor

Google has added Chinese mobile game livestreaming platform Chushou to its list of investments in Asia. The Beijing-based startup announced today that it has closed a Series D round, which Google joined as a new investor, that brings its total funding so far to over $120 million. Chushou’s previous investors Qiming Venture, Shunwei Capital and […]

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