Innovative Chinese Drone Maker Gets $10M Boost To Go Mainstream
Forbes The year got off to a big start, with one of the more interesting startups around — a Chinese drone maker named EHANG — getting funding to the tune of $10 million from US and China venture investor GGV Capital and two prominent angel investors, Nick Yang and...
Facebook Acquires Video Compression Startup QuickFire
Wall Street Jounal Facebook said Thursday it has acquired video-compression company QuickFire Networks, further underscoring the social networking giant’s increasing focus on video. Quickfire, based in San Diego, says it can quickly convert video formats and allow...
Chinese Fashion And Lifestyle Site Yetang Raises $5M Led By DCM
Yetang, a Chinese site that sells fashion and lifestyle products by smaller brands and designers around the world, has raised $5 million led by DCM. While smaller e-commerce sites face plenty of competition from formidable rivals like Alibaba’s marketplace Taobao,...