Ride-hailing app UCAR plays catchup raises USD 550…

Rhea Liu Ride-hailing app UCAR raised USD 550 million in a B-series round of funding including USD 50 million from China Auto Rental (CAR Inc.), primary investor CAR Inc. announced today. According to the announcement,…

Top campus-focused O2O services providers in China

Rhea Liu Campus-focused O2O service providers are a popular sector among investors in China this year. This week, two of the top service providers, Zhai.me and Xiaohehe, both announced big rounds of funding. Zhai.me has…

Redmi 2 blasts through a new sales record,…

Rhea Liu Xiaomi CEO, Lei Jun, claims that their recent Redmi 2 smartphone have achieved a new sales record for the company. Lei said 2.15 million models have been sold in a single month, this…

Huami is about to launch its own fitness…

Rhea Liu The manufacturer of Xiaomi’s ‘Mi Band’, Huami, will launch its own fitness band on Wednesday. The new model, Amazfit, has its eyes on high-end design and will explore a different direction from Xiaomi's…