Online auto seller Chehaoduo secures $1 billion from Softbank Vision Fund

(Image credit: Chehaoduo) Chehaoduo Group, parent company of Chinese online…


Briefing: Tencent-backed brokerage firm downsizes US IPO amid weak market demand

Tencent-backed brokerage Futu targets $130m in US listing?- Nikkei Asian……


Briefing: Luckin rival Coffee Box closes up to 40% of stores

连咖啡关店过冬、瑞幸持续亏损,连锁咖啡行业怎么了?- 36Kr What happened: Coffee Box, a local rival to…


Briefing: Furloughed Faraday Future workers won't return to work as planned

Faraday Future says hundreds of furloughed employees won’t return to work next…


US unicorn Branch moves into China, looks to fill B2B solutions gap

Jason Li, China director of Branch (Image credit: Branch) China’s citizens are…


Briefing: Urban courier Lalamove raises $300 million, joins unicorn rankings

On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a…


Didi rival Yidao backtracks on driver-payment mechanism amid bankruptcy rumors

(Image credit: Yidao Yongche) Chinese ride-hailing firm Yidao Yongche has…


Financial bug worth millions of RMB found in WeChat challenger Liaotianbao

(Image credit: Kuairu Technology) Smartisan-backed messaging service…


Chinese second-hand car platform Renrenche denies bankruptcy rumors

(Image credit: Renrenche) Chinese online second-hand car seller Renrenche…


Chinese startup Fourier Intelligence aims to reinvent the exoskeleton market

Fourier Intelligence introduced its next-generation rehab exoskeleton product,…