GGV Capital’s latest capital raise comes amid an uptick in inflows to VCs as investors look to profit from China’s tech growth.
Meituan
Friendly neighbors are the key to China’s community group-buying craze
For many, finding a good deal is the main reason to join a community group-buying platform. Socializing with neighbors is a reason to stay.
The Meituan resistance: Small restaurants are breaking ties with the app
Some small restaurants in Xi’an find the costs of working with Meituan unbearable, so they try to break free from the food delivery app.