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hello bike china

Alibaba-backed Hellobike bags new funds as it marches into ride-hailing

2018 has been a rough year for China’s bike-sharing giants. Alibaba-backed Ofopulled out of dozens of international cities as it fought with a severe cash crunch. Tencent-backed Mobike puts a brake on expansion after it was sold to neighborhood services provider Meituan Dianping. But one newcomer is pedaling against the wind. Hellobike, currently the

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google china news

Without a search engine, Google do still doing 5 things in china

Google’s plan to build a censored search engine in China have ground to a halt. Engineers on the so-called “Project Dragonfly” are no longer allowed to view search queries from a decoy search engine set up in China, effectively pausing the venture, according to The Intercept. A Google spokeswoman declined to comment on the report and

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tokopedia

Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank  and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding

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