CAR Inc., China's largest car rental firm, says it is ready for price war with Didi Chuxing, after the Beijing-based ride share giant announced plans to launch its own online car rental business on Monday. Charles Zhengyao Lu (pictured), chairman of Hong Kong-listed CAR Inc., told Chinese reporters yesterday that his company will "adjust" prices […]
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Suning Commerce Group has made a strategic investment in 8Day Online, a campus e-commerce start-up backed by Shunwei Capital and Fosun Kinzon Capital. The investment value was not disclosed. 8Day Online is among the earliest start-ups to focus on the campus e-commerce market, providing swift delivery services to student dorms via mobile apps on snack […]
China's private health insurance market will surge five-fold to RMB1.1 trillion (US$167 billion) by 2020, from RMB241 billion (US$36.7 billion) in 2015, as middle-class and wealthy Chinese look for an alternative to the public insurance system, says a new report released by the Boston Consulting Group. The fastest growth is expected in reimbursement policies, which […]
Chinese investors poured a record US$1.1 billion across 21 deals into digital health start-ups, including those in the mobile fitness, patient-doctor communication and online drug store sectors, according to data from CB Insights. The total investment value has already surpassed that for the whole year of 2015, and the number is projected to reach US$2.2 […]
Haiyin Venture Partners has led a series C round worth around US$30 million in Testin, a Beijing-based start-up that provides one-stop cloud testing services to mobile app and games developers, according to Chinese media reports. Existing investors Banyan and IDG Capital Partners also participated in the round. Founded in 2011, Testin previously received tens of […]
Bryant Stibel, a venture capital firm founded by retired NBA star Bryant Stibel and American entrepreneur Jeff Stibel, has invested in Vipkid, an online education firm that just raised US$100 million from Yunfeng Capital, Sequoia Capital and other investors. In an announcement, the company did not disclose the investment value from Bryant Stibel, which just […]