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LemonBox, which brings US vitamins to Chinese consumers, raises $2M – TechCrunch

LemonBox, a Chinese e-commerce startup that imports vitamins and health products from the US, has raised $2 million to develop its business. The company graduated from Y Combinator’s most recent program in the U.S. and,…

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Alibaba replaces video streaming boss amid anti-corruption probe – TechCrunch

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 ecommerce operator’s digital media and entertainment…



China leaves Huawei founder off honor roll marking 40 years of economic success – TechCrunch

In the lead up to China’s 40th anniversary of reforms and opening up, People’s Daily, the mouthpiece of the ruling Communist Party, published a list on Monday commending 100 extraordinary contributors to the country’s economic…




Baidu leads $300M investment to bring its search smarts to elevator ads – TechCrunch

China’s largest search engine Baidu is getting an offline revenue boost after it led a $300 million strategic round in Xinchao Media, a company that shows people ads when they’re waiting for an elevator —…


The forgotten ‘Facebook of China’ is sold for $20M – TechCrunch

Renren, which was once heralded as the ‘Facebook of China’ and later became China’s answer to MySpace after falling out of fashion among its core young users, is selling its social networking business. Renren’s parent…


China’s ByteDance leapfrogs Uber to becomes world’s most valuable startup – TechCrunch

Move aside Uber, China’s ByteDance is now the world’s highest-valued tech startup. That’s according to reports from Forbes and Bloomberg both of which claim that the company has completed a $3 billion investment that values…


SoftBank and Toyota team up to develop services powered by self-driving vehicles – TechCrunch

SoftBank is getting into self-driving car services after the Japanese tech giant announced a joint-venture with Toyota in its native Japan. SoftBank is invested in Uber and a range of other ride-hailing startups like Didi…