Category Archives: China

Mobike unveils first initiatives since acquisition by Meituan, including no longer requiring deposits in China

Mobike made a roster of announcements about its bikesharing program today, including the end of customer deposits in China and full integration into Meituan Diaping’s app. The developments, its first since its acquisition by Meituan for $2.7 billion in April, are meant to help Mobike become a stronger competitor against Ofo, its biggest rival, and a slew of smaller startups in China’s heated bikesharing wars. Mobike, which claims 200 million users, will have the chance to reach more customers thanks to its integration into Meituan’s platform. Meituan […]

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Airwallex raises $80M for its international payment service for businesses

Airwallex, a three-year-old fintech startup focused on international payments for SMEs and businesses, is putting itself on the map after it raised an $80 million Series B round. Based out of Melbourne, but with six offices in Asia and other parts of the world, Airwallex’s new funding round is the second-largest financing deal for an Australian startup in history. The round was led by existing investors Tencent, the $500 billion Chinese internet giant, and Sequoia China. Other participants included China’s Hillhouse, Horizons Ventures — the fund from […]

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Doug Leone, the global managing partner of powerhouse Sequoia Capital, is coming to Disrupt

Sequoia Capital has been at the top of its game in the U.S. for decades, thanks to early investments in Google, Yahoo, LinkedIn and PayPal, as well as, more recently, its stakes in the messaging startup WhatsApp, the payments company Stripe and the video conferencing unicorn company Zoom. Yet unlike a lot of top-tier firms in Silicon Valley, Sequoia is far from reliant on the Bay Area companies for huge returns. Instead, a dozen years ago, anticipating that the most impactful tech ideas could come from anywhere […]

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