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Alibaba-Backed Kuaidi Dache completes $800 million series D funding

Alibaba-Backed Kuaidi Dache, Chinese taxi and private car hailing app maker,  has completed US$800 million series D financing, Alibaba Group Holding Ltd (NYSE:BABA), Tiger Global Management LLC, and two other unnamed investors participated in this round of funding. Kuaidi Dache’s taxi apps cover more than 300 cities across the country. The company claims to be the …

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Same Business, Different Names: Internet startups in the World and their counterparts in China

Everyone knows China has a lot of internet users. Those successful internet startups in the world markets will choose China as a strategic potential market. However, Culture matters enormously, most of the internet titans failed in China, please check my previous blog: Failures of Global Companies in China: Ignorance of the Market Differences in China In the …

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