Meituan-Dianping
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Thousands of Mobike users’ passports and IDs exposed online
A massive trove of more than 120,000 passports, drivers licenses and identity documents uploaded by users of bike-sharing service Mobike have been found online. Security researcher Bob Diachenko found the data in an unprotected Amazon-hosted storage bucket on February 11 and passed details to TechCrunch in an effort to get the…
Nearly all of China’s largest internet firms have established a presence in online grocery. Just this week, news arrived that Alibaba co-led the $196 million C3 funding round of Nice…
The COVID-19 lockdown around the world introduced online grocery to many shoppers for the first time, boosting an industry that had long drawn skepticism. In China particularly, the older generations…
Weeks after Zomato acquired Uber’s food delivery business in India, its chief local rival is bulking up some ammunition of its own. Swiggy, India’s largest food delivery startup, announced on…
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world.…
Africa-focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the…
Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted, with derelict bikes littering the streets of cities. Meanwhile, a new…
Instead of switching between apps to secure a ride during rush hour, people in China can now hail from different companies using a single app. Some of the country’s largest…
Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series D round
Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached a total of $113 million. The…
Massive news just dropped for Hong Kong’s capital markets. Alibaba, one of the world’s largest tech companies, is considering raising $20 billion through a second listing in Hong Kong, Bloomberg…
Luckin Coffee is the most energizing IPO in recent memory, and not just because it sells caffeine. Most venture-backed startups can take a decade to reach the public markets. Luckin…
Execs at Mobike, the bike sharing startup, are raising $20M to buy out the European business by end of June
Some big changes are afoot for Mobike, the Chinese bike-sharing company that was acquired by IPO-bound on-demand service startup Meituan-Dianping for $2.7 billion last year. Mobike executives in Europe are…
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Can China’s ride-hailing leader Didi repair its troubled reputation?
2018 was supposed to be another bright year for Didi Chuxing. The ride-hailing upstart had been celebrated as a success story in China’s booming sharing economy. Six years after founding, it had become the default app for Chinese people to move around, thanks in no small part to its acquisition…
Source Code Capital, the venture capital firm that’s backed some of China’s most prominent tech unicorns and boasts a network of high-profile investors and founders, announced Monday it has closed…
Fast, affordable food delivery service has been life-changing for many working Chinese, but some still prefer to whip up their own meals. These people may not have the time to…
TechCrunch reported last Friday that Mobike has scrapped operations across the Asia Pacific region as a key step towards a long-term plan to scale back its international business. On Monday,…
Featured Article
Bike-sharing pioneer Mobike is retreating to China
In a telling sign of the state of bike sharing, Mobike, a once red-hot startup that attracted billions in investment capital, is closing down all international operations and putting its sole focus on China. On Friday, Mobike laid off its operations teams in APAC, which entailed more than 15 full-time…
A big selling point of ordering food to the doorstep in China is price, which, in the early years, could be much cheaper than eating in-house. That’s arguably indulged a…
China’s largest car-hailing company is facing relentless pressure from all fronts. Beijing-based Didi Chuxing reportedly lost a staggering 10.9 billion yuan ($1.6 billion) in 2018, according to financial data that Chinese…
One of China’s top bike-rental apps is entering a new phase. Mobike, which neighborhood services giant Meituan-Dianping gobbled up last April, is changing its name to Meituan Bike as part of an…
Grab is Southeast Asia’s top ride-hailing firm, thanks in no small part to its acquisition of Uber’s local business last year, but the company also houses an ambitious fintech arm,…
Meituan Dianping, China’s largest on-demand food delivery company, announced today at CES that it has signed three new major partners for the development of its autonomous delivery open platform. They…
A one-year-old Chinese startup called Luckin is busy waging war against Starbucks as the new year unfolds. At an event on Thursday, Luckin announced that it aims to be the…
Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund…
Didi launches lending and insurance as new regulation threatens to lower driver numbers
Didi Chuxing, China’s dominant ride-hailing firm, is rolling out a range of financial and insurance services as it looks to fortify its service against a range of challenges in 2019.…
2018 has been a rough year for China’s bike-sharing giants: Alibaba-backed Ofo pulled out of dozens of international cities as it fought with a severe cash crunch; Tencent-backed Mobike put the…
Southeast Asian ride-hailing firm Grab is aiming to start the new year with a bang and an awful lot of bucks. The company, which acquired Uber’s local business earlier this…
People in China have a host of reasons not to go outdoors these days. They may be too busy to leave their office, wary of air pollution or have chosen…
Naspers, the South African investment giant, is back at it in India! Days after backing educational startup Byju’s by leading a $540 million investment, it has led a $1 billion…
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 e-commerce…
