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China Roundup: Y Combinator’s short-lived China dream

China Roundup: Y Combinator’s short-lived China dream 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. Last week, we looked at how Alibaba and Tencent fared in the last quarter; the […]

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China’s grocery delivery battle heats up with Meituan’s entry

China’s grocery delivery battle heats up with Meituan’s entry 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 pick up fresh ingredients from brick-and-mortar stores, so China’s startups and large companies […]

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Food delivered to the doorstep is not so cheap in China anymore

Food delivered to the doorstep is not so cheap in China anymore 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 demographic of lazy, indoorsy eaters, but that may not last […]

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Money is no object: China’s Luckin sets sights on rivaling Starbucks

Money is no object: China’s Luckin sets sights on rivaling Starbucks 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 largest coffee chain in China by number of cups sold and […]

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Starbucks challenger Luckin snags $200M investment on $2.2B valuation

Starbucks challenger Luckin snags 0M investment on .2B valuation Luckin, a startup that vows to topple Starbucks’ dominance in China, announced on Wednesday that it’s lifted its valuation to $2.2 billion after raising $200 million in a series B funding round. That came only five months after the coffee upstart, which soft-launched […]

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Meituan, China’s ‘everything app’, walks away from bike sharing and ride hailing

Meituan, China’s ‘everything app’, walks away from bike sharing and ride hailing A major player in the race to transport Chinese people around is losing steam. Meituan Dianping, the Tencent-backed all-encompassing platform for local services, continues to put the brakes on bike-sharing and ride-hailing, the company said on its earnings call on […]

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China’s Didi suspends carpooling service after another female passenger is mudered

China’s Didi suspends carpooling service after another female passenger is mudered Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a female passenger. The fatally is the second such incident this year after a passenger was murdered […]

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Starbucks partners with Alibaba on coffee delivery to boost China business

Starbucks partners with Alibaba on coffee delivery to boost China business Starbucks is palling up with Alibaba as it seeks to rediscover growth for its business in China. China has been a bright spot for some time for the U.S. coffee giant, but lately it has struggled to maintain growth — its […]

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Alibaba to buy all remaining outstanding shares of local delivery service Ele.me

Alibaba to buy all remaining outstanding shares of local delivery service Ele.me As expected since February, Alibaba will buy all outstanding shares of Ele.me that it doesn’t already own. Best-known for food deliveries, Ele.me claims to be China’s biggest online delivery and local services platform. In an announcement, Alibaba said the deal […]

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