Woqu, an online travel agency for Chinese looking to make a trip to the US, has secured a US$20 million series B round of funding led by Tencent.
The app, which describes itself as a "work version of WeChat", reports 800,000 registered users.
Aihuishou doesn't hold the inventory of the devices it collects or sells. They are sent to refurbishers who re-sell the used phones on the site's marketplace.
The Chinese online downloads and entertainment portal YY.com is looking to IPO in the US next year, and thereby raise between 100 to 200 million dollars. According to local media reports, Credit Suiss...
The Chinese start-up Yongche.com - which is a Beijing-based online car rental service - has secured a non-specific "tens of millions" of US dollars in first-round funding.