China

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Startupbootcamp Expanding Into China With The Launch Of Its First China-Based Programme

Startupbootcamp, a global network of industry-focused accelerator programmes, has announced its expansion into China with the launch of its first China-based programme. Focusing on scaling the country’s digital health entrepreneurs, the programme is a joint partnership between Startupbootcamp and Thinkzone — China’s first state-ranked private incubator that accommodates over 500 enterprises in mobile internet, software R&D, and digital media.
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Skyscanner Acquired By Ctrip

Skyscanner has been acquired by Chinese online travel giant Ctrip for £1.4 billion, or approximately $1.74 billion. Ctrip was founded in 1999, and it is China’s largest online travel firm. Its revenue for Q3 2016, came in at RMB 5.6 billion ($810 billion). Ctrip recently raised close to $1 billion from the sale of convertible notes.
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Beijing-Based Startup Getui Raised US$58 Million From Several Investors

Getui, a third-party push notification service provider announced Monday a RMB400 million (US$58 million) D round from several returning investors. Together with the funding news, the company rolled out Gexin, a mobile marketing platform that help local brands to engage customers more efficiently with specific demographics of their audiences, including age, gender, country, hobby, consumption habits and social networking features.
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Ant Financial Service Partners With Verifone and First Data

Alibaba’s digital payment spinoff Ant Financial Services has partnered up with US-based payment tech giants Verifone and First Data. The announcement was made at the Money 2020 conference in Las Vegas today. This new deal will further ease cross-border transactions for Chinese shoppers, many of whom are now traveling overseas to splurge on luxury items due to their growing affluence.
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