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The failed Chinese bicycle app Ofo, which burned through $1.5 billion in venture capital, convinced many investors that bike sharing is a horrible business. But Hellobike, backed by Jack Ma’s Ant Financial, is trying to prove the skeptics wrong as it looks to raise significant new funding.
Hellobike is seeking a valuation of $4 billion—nearly double its previous price tag of $2.2 ...
China’s Huawei Technologies is about to make its biggest-ever attempt to expand into an area of enterprise software currently dominated by Western giants like Oracle, Microsoft and SAP.
Huawei is planning to unveil its new cloud database product at an event scheduled for May 15 in Beijing, people familiar with the matter said. A Huawei manager, who spoke to The Information on condition ...
Pony Ma is well known as the co-founder and chief executive of Chinese tech giant Tencent, which operates the ubiquitous app WeChat. The bookish Mr. Ma, whose passion outside of work is astronomy, has long been the public face of Tencent.
But the key executive in Tencent’s daily operations is as much President Martin Lau as Mr. Ma. All of the top Tencent executives report to Mr. Lau, a ...
Last year, Chinese tech giants such as smartphone maker Xiaomi and on-demand services app Meituan Dianping hogged the global IPO spotlight with some of the world’s biggest initial public offerings. But this year, few blockbuster China tech IPOs are in the pipeline, and Silicon Valley is retaking center stage as startup unicorns such as Uber prepare to go public.
The market for Chinese ...
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