Tencent-backed fleet manager G7 racks up $320M in funding – TechCrunch

A sizable funding round is poised to heat up a race to automate China’s logistics infrastructure. Beijing-based fleet management company G7 announced on Monday that it has banked $320 million to...

From rejecting Alibaba’s advances to US IPO – TechCrunch

Mogu, a Tencent-backed service that offers fashion content and products to young women, has joined a string of Chinese tech companies pressing ahead to sell their shares through initial public...

Alibaba replaces video streaming boss amid anti-corruption probe – TechCrunch

A top-level reshuffle is sending shockwaves across one of China’s biggest online video businesses. Yang Weidong has stepped down as the president of Alibaba’s video streaming unit Youku, the...

China’s iQiyi to offer $500M convertible note as content costs balloon – TechCrunch

Chinese video streaming service iQiyi is raising new cash as it feels the squeeze from surging content costs. The video business, which is owned by China’s online search giant Baidu,...

Alibaba-backed parenting site Babytree starts taking orders for downsized IPO – TechCrunch

A lot of Chinese millennials may be delaying or opting out of childbearing, but those who have committed to parenting often go all out to ensure their children grow up...

WeChat e-wallet teams up with Line to target Japan’s 7M Chinese tourists – TechCrunch

China’s biggest chat app WeChat is set to make its payments service more ubiquitous in Japan, a popular outbound desitnation for Chinese tourists. On Tuesday, the Tencent-run messenger unveils a...