Three of the three newly minted unicorns in January 2017 came from China. The two China unicorns were Q&A site
and office space company
. Zhihu's investor list extends to
Tencent, Sogou, SAIF Partners, Qiming Venture Partners
. URWork, a copycat of WeWork, drew investment from
Sequoia Capital China
was in both deals.
China's popular news app
has snapped up U.S.-based video sharing site
. Toutiao was backed by Sequoia Capital China, Weibo and SIG China.
The godfather of venture capital, former NEA leader
, is back in the game. He's raised
Green Bay Ventures
, a new fund of $130 million with venture capitalist
the venture and growth capital arm of China's Legend Holdings, has raised $243 million its latest fund, its seventh.
points out that the mobile phone has become the remote control of Chinese consumers. She delves into the use of QR codes, livestreaming and stickers as examples of new forms of social media communication. View the video here at