Sheila Yu
TechNode
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Past articles by Sheila:
Tencent ups the bike-rental ante with largest funding round so far
As competition heats up, bike rental startups are raising more money for their war chests to build up strength and take on rivals. Mobike today announced that it has raised over US$600 million in Series E, the largest ever financing round in the bike-sharing industry → Read More
22 arrested in theft and sale of iPhone users' personal data
Police in east China’s Cangnan county recently arrested 22 people on suspicion of stealing and selling iPhone users’ personal information online. → Read More
Mobike announces support for Apple Pay, iPhone iOS 11 camera to accelerate globalization drive
Mobike announced yesterday that it has teamed up with Apple to allow iPhone users to make payment with Apple Pay and unlock Mobike bicycles by scanning QR codes from their iOS 11 iPhone camera. → Read More
Airbnb names new China head, rumored in talks with local rival Tujia
Airbnb names new China head, rumored in capital injection talks with local rival Tujia → Read More
Shenzhen bans traffic offenders from renting bikes after deaths and injuries
Starting from June 1, users in Southern China's city of Shenzhen will be forbidden to use bike rental services for at least one week if they are found to violate road traffic regulations. → Read More
10 of the best performing Chinese tech companies in Q1
Major listed Chinese tech firms have released their latest quarterly results, and most of them delivered strong performances. Here’s a roundup of some top performers. → Read More
Tencent doubles down on 1-on-1 online tutoring platform
Yuanfudao (猿辅导), online tutoring services targeting the K-12 educational segment, announced recently that it has completed an E round worth US$ 120 million (in Chinese). The round, the largest in the sector in China and led by Warburg Pincus, has put the company’s valuation at RMB 1 billion (US$ 146 million) in less than two years since … → Read More
What Panda TV's 1 bln RMB series B means for e-sports and live streaming
Panda TV (熊猫直播), a Shanghai-based game streaming website, has raised RMB 1 billion in Series B funding led by Industrial Innovation Capital Management. → Read More
Ofo seeks 1 million RMB in damages for defamation against social network Maimai
Bike rental startup ofo is filing a lawsuit against social networking platform Maimai (脉脉) for slander and defamation after a user on the website claimed ofo staff were engaged in graft. → Read More
The only surprise at today's AlphaGo match was by how little Ke Jie lost
Chinese top go player Ke Jie is taking on Google’s AlphaGo in a three-game match starting from today in east China’s Wuzhen, → Read More
Baidu restores Terracotta Army with AR
Baidu launched its AR rendition of Terracotta Army → Read More
On "I love you" day, WeChat continues to dominate hongbao
WeChat recently released its hongbao data on May 20 → Read More
China Unicom Beijing branch to scrap domestic roaming and long-distance charges starting Sept.1
The Beijing branch of China Unicom announced yesterday that it will cancel domestic mobile phone roaming and long-distance charges starting from September 1, one month ahead of the timetable announced by the country’s top three telecom carriers. The Beijing branch also said that it will slash international calling and roaming rates to 22 foreign countries … → Read More
Free insurance service could solidify Alipay's lead in the payments sector
Alipay, the online and mobile payment platform operated by Alibaba’s Ant Financial, has recently launched with Taikang Insurance (泰康保险) a free health insurance function that allows users under the age of 60 to get certain amount of insurance coverage every time they make offline payment with their Alipay Wallet → Read More
Meituan rebuffs rumors of Tencent withdrawing from funding round
Chinese O2O giant Meituan-Dianping denied recent media report that its major shareholder Tencent has withdrawn from its new round of financing which is said to be underway. → Read More
Tencent doubles down on e-sports with e-sports industrial park
Internet giant Tencent recently announced a framework agreement with east China’s Wuhu City to build an e-sports-themed industrial park in the city. → Read More
Alipay, Tenpay fined by central bank for improper implementation of user verification
China’s two largest mobile payment services Alipay and Tenpay have recently been fined by People’s Bank of China, the country’s central bank. The two payment services were each given a fine of RMB 30,000 by the central bank’s branches in Shanghai and Shenzhen. Although the central bank did not give a specific reason for the fines in its announcement (only used a vague wording that they violated… → Read More
Baidu to fully implement real name system starting next month
Chinese search giant Baidu announced yesterday that it will fully implement a real name registration starting next month, in a bid to tighten its grip on its online forum and cloud storage service. → Read More
Alipay teams up with First Data to increase US presence
Alipay, a digital wallet service operated by Alibaba's financial affiliate Ant Financial recently announced a partnership with America's First Data Corp, in its latest efforts to expand its presence in overseas mobile payment market. → Read More
Ride-hailing service Yidao teetering amid financial, regulatory woes
The financial turmoil affecting ride-hailing service Yidao Yongche (易到 in Chinese) is still ongoing, although Yidao chairman He Yi noted that the company has achieved breakthroughs in financing. → Read More