Why China is at the forefront of 5G technology

According to former White House Chief Strategist, Steve Bannon, “China will in fact be a hegemonic power” if the US does not thwart these five things; and the rollout of fifth generation mobile technology—known as “5G” is on the top of that list. Chinese telecommunication equipment providers, especially those involved in developing the 5G technology, such as Huawei and ZTE … http://bit.ly/2Gu8QiL

WeDoctor’s new funding contributes to the rise of China’s Internet healthcare sector

Last week’s highlight covered the online medical industry, as WeDoctor secured a large amount of funding. On May 9, Hangzhou-based online healthcare service app WeDoctor landed USD 500 million in strategic funding led by insurer AIA Group and infrastructure company NWS Holdings. The influx of financing has pushed the startup’s valuation to USD 5.5 billion before its IPO … http://bit.ly/2wY5Njc

Tech financing in China this week: A.I. leads

Our weekly column summarizes tech financing highlights in China. This week’s top top tech financing recipient is SenseTime Group, China’s leading artificial intelligence start-up, which secured USD 600 million in a Series C round led by e-commerce giant Alibaba. This whopping round made the Hong Kong-based company the world’s most valuable private A.I. firm. Singaporean state … http://bit.ly/2vP3uib

What’s the next big step for new retail in China?

The concept of “new retail” was first raised by Jack Ma, the founder and chairman of China’s e-commerce giant Alibaba. The term refers to new forms of customer experience based on the integration of online with offline services, and big data with related technologies. Chinese internet and mobile services provider Tencent, in order to take on Alibaba’s new retail strategy and … https://bit.ly/2Hrt0fz

The top 10 startups and investors that led China’s tech investment trends in 2017

The Chinese finance and investment sectors have seen booming increases since 2014. Though there was a slow down in 2016, called the “Winter of Capital,” investment in the Chinese market grew quickly in 2017. According to VC SaaS, a platform that collects the public data of financing and investment cases, there were 10,279 individual investment cases in 2017 in China. Almost … http://bit.ly/2D3L23m