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TechBeat China

Prepared food supplier raises 80 million yuan

COLDSKY.CN – Shicai56.com, a provider of frozen food supply platform, raised 80 million yuan ($11 million) from Qingsong Fund(青松基金) and 01VC(零一创投), iyiou.com reported. Prepared food market size is about 300 billion yuan, less than 10 percent of the food ingredients market in China,…

Kids gym brand sees zero earnings in H1

COLDSKY.CN – The cash-strapped  QD Fun Game Club (趣动旅程) announced cooperation with Black Butterfly and Financial Consultant(黑蝶资本) for a team and business restructuring to tide over the difficulties caused by the COVDI-19 outbreak.  The Beijing-based club, established in 2015, said it runs…

China’s live-streaming sales solutions to see explosive growth

COLDSKY.CN – An iResaerch report (http://report.iresearch.cn/report_pdf.aspx?id=3551, in Chinese) in April estimated that live-streaming platforms serving businesses will see explosive growth amid the COVID-19 disruptions as more companies use live video to interact with customers.  The market for corporate live-streaming solutions reached 1.48 billion yuan ($210…

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