A new sort of publicly traded unicorn has been created with the $1 billion financing of JD’s fintech unit from Sequoia Capital China and Chinese strategic investors.
Category: China News
App Annie shows how to go from China roots to global outreach as it scales up its popular tracker of mobile app data, boosted with $63 million in new funding.
Latest deals: Indian ecommerce site Shopclues goes unicorn, Uber China piles on capital, Grindr gap app gets cash from Beijing
Alibaba’s investment of $1.25 billion in an 020 food delivery app creates another Chinese unicorn startup even in these tighter venture times.
Some of China’s once-hot startups are now feeling the pinch of tighter capital as the go-go days are fading.
Apple Pay and Samsung Pay are entering the Chinese mobile payments market by striking deal with state-owned UnionPay, but are going up against entrenched Alibaba’s Alipay and Tencent’s Tenpay.