Ant Financial, Alibaba's financial arm, boasts the highest valuation among Chinese unicorn companies, according to a report released by Hurun Research Institute recently. The report selected 186 companies, each having external financing and a valuation over $1 billion as of Dec 31 in 2018. Let's take a look at China's top 10 unicorns in estimated values last year.
With passion among investors and entrepreneurs, there emerged many sharing economy companies on China's domestic market, from shared bikes and cars to shared umbrellas, gyms and karaoke. A number of strange shared products also appeared, such as shared sleeping warehouses, which were launched in mid-2017 but stopped by local governments a week later. However, the receding of the sharing economy now in China has been accelerated by dwindling investment. As the sharing concept gradually loses its shine and more sharing economy start-ups fail, investors are looking to draw money from the sector to the next hot industry, whatever it may be.
Once the company is listed, its "live+" strategy will bring new opportunities for Douyu's expansion. In the past two years, Douyu, which started with game broadcasting, was providing streaming contents in other fields, such as e-commerce, pan-entertainment and education. Differentiated contents could attract more users, but risks also exist. For example, the original business activities and resource allocation will be affected and overall market risk will be intensified in the process of operation.
Community group buying is about to break out? The Great Battle of Thousand Regiments Begins? Community Group Purchase Venture Company
Community group buying is a kind of shopping and consumption behavior of residents'groups in real residential communities. It relies on a regionalized, small-scale and localized form of group buying in real communities, and promotes the precise propaganda and promotion of core customers by community shops through the preferential activities of group buying forms provided by community shops for the residents around (within the community). Consumption stimulation, to achieve the rapid promotion of the regional reputation and reputation of shops, has a significant effect on the marketing of shops.
Updated in November-20, 2018
Entry criteria: 1. Private equity investment without listing; 2. Enterprise valuation exceeded $1 billion (listed companies have been gradually excluded)
Updated in November-21, 2018
With the tide of the Internet, programming education should start with dolls. What start-ups are offering programming and IT education to teenagers?
Updated in November-21, 2018
Alibaba expects to avoid layoffs this year despite China’s economic slowdown, CEO Daniel Zhang said on Friday. “When the economy is bad, the biggest advantage for online platforms is to create jobs,” Zhang said in a Weibo post.
Beijing-based Bytedance, operator of global short video hit app TikTok, known as Douyin in mainland China, has been contacted by authorities for a potential listing on the much-anticipated Technology Innovation Board in Shanghai, according to people familiar with the matter.
As shared kitchens heat up, a China-based startup, Panda Selected, nabs $50 million led by Tiger Global
Panda Selected, a Beijing-based shared-kitchen company that just raised $50 million in Series C funding led by Tiger Global Management, with participation from earlier backers DCM and Glenridge Capital. The round brings its total funding to $80 million.
US Secretary of State Mike Pompeo on Thursday said the US won't partner with countries that adopt Huawei's technology. The move stance arises from security concerns Washington has about the Chinese maker of smartphones and networking equipment.
Baidu reported stronger-than-expected revenue in the most recent period, driven by its search-engine business and artificial-intelligence initiatives.
Apple has teamed up with mobile payment company Alipay to offer Chinese consumers interest-free financing on iPhones. The move could help revive Apple's slowing sales in the country. The financing is made through Alipay's lending service, Huabei, which translates to "just spend."
To better understand how Chinese technology is reshaping the business world is required to track everyday changes in this huge market full of opportunities. HoloBase is here to present the essential reports and analysis on technology industry of China 24/7.
HoloBase was founded in 2018 as a lab product of GeekPark, a leading tech media in China. We would like to bridge the gap between China and the rest of the world, especially those emerging markets which badly need resources of tech, human, investment and management. We approach this goal by offering daily news, industry trends, financing info, analytic reports and yellow pages of Chinese tech companies.
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As a professional tech media, we would like to help other tech communities and markets grow and spread by tracking the path of China's rising tech companies, and seize the opportunity of becoming the next unicorn.
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