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Walkers get a feel for the real city deal

The city-walk pastime of following planned routes to explore a city’s history is attracting followers in China, with many young people taking part. ....

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Intel's new Chinese chip innovation centre is a collaboration with a Shenzhen district, deepening ties amid US scrutiny

The US chip giant partnered with the Nanshan district government and local tech firms on a centre focusing on AI, chip applications and edge computing. ....

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Did A CCTV Anchor's Outburst Even Matter?

Yang Rui, a host on China Central Television's (CCTV) English-language channel, called on the Public Security Bureau via Sina Weibo on May 16 to “clean out foreign trash, wipe out foreign snake heads (human smugglers), root out foreign spies, kick out foreign shrews (apparently referring to Melissa Chan, an al-Jazeera journalist who has recently been expelled from China) and ....

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Tencent bounces back after state media soften tone on gaming

Tencent bounces back after state media soften tone on gaming
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.

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Chinese insurtech platform Yuanbao bags $156m Series C led by Source Code

Chinese insurtech platform Yuanbao bags $156m Series C led by Source Code
Fang Rui, founder and CEO of Chinese insurtech startup Yuanbao
May 10, 2021
Chinese insurtech platform Yuanbao has secured nearly 1 billion yuan ($155.9 million) in a Series C round of financing led by Source Code Capital, which invests in early- and growth-stage tech companies in China, the startup announced on Monday.
Cathay Capital alongside existing shareholders Beijing-based HIKE Capital, Northern Light Venture Capital, Qiming Venture Partners and US-based Susquehanna International Group participated in the round.
Thriving Capital, a Beijing-based investment bank, served as the exclusive financial advisor of the deal.
The Series C round is the fourth investment completed by Yuanbao although the startup initiated its operations only a year back. The new financing came shortly after Waterdrop, a Tencent-backed Chinese insurtech firm, raised $360 million in an initial public offe ....

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