UN shows world’s largest internet market still has ample room to grow.

Xiaomi founder Lei Jun would lead the new EV team. He has backed both Nio and Xpeng through his venture capital firm Shunwei Capital.

In China’s first-tier cities, market penetration of ride-hailing services exceeded 70% as of Q1 of 2019.

New investment flows into China’s bike-sharing sector as the industry matures.

After teaming up with JD.com and Pinduoduo, Gome plans to take on market leader Suning.

This is a snippet of China Venture Roundup Volume 23, covering China’s investment activity from February 8 – 14 2021.

It’s the latest and biggest financing round in the hot community group-buying field.

Waterdrop had around 330 million paid users at the end of June.