News Wrap: India’s Shopclues Gains Unicorn Status, Uber China Speeds Up, Beijing To LA Gaming Deal
Latest deals: Indian ecommerce site Shopclues goes unicorn, Uber China piles on capital, Grindr gap app gets cash from Beijing
Category: China News
1 More China Unicorn Is Born With Alibaba’s Funding Of Food Delivery App
Alibaba’s investment of $1.25 billion in an 020 food delivery app creates another Chinese unicorn startup even in these tighter venture times.
China’s Once-Hot Startups Feel The Pinch Of Tighter Venture Capital
Some of China’s once-hot startups are now feeling the pinch of tighter capital as the go-go days are fading.
Apple, Samsung Entering China’s Crowded Mobile Payments Market
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.
Qihoo 360 Delisting Could Spark Many More Chinese Companies To Go Private
Qihoo’s huge go-private deal could spark more Chinese tech companies to head home and list anew in Shanghai or Shenzhen.
Tencent Launches $3.4M WeChat Fund for South African Startups
Tencent extends its reach into South African market with launch of a $3.4 million fund geared to businesses that use WeChat.
