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Ex-Apple engineer admits stealing automotive trade secrets

A case concerning Apple’s driving trade secrets which started in 2018 has come to a close. Xiaolang Zhang, a former Apple employee, pleaded guilty on Monday to stealing confidential information

China’s $1B fine on Didi could end the mobility giant’s troubled year

Didi, the Chinese ride-hailing behemoth that has undergone a year of regulatory overhaul, faces a fine of over 8 billion yuan ($1.28 billion) from the country’s authorities, The Wall Street Jour

China’s internet users are paying close attention to the crypto crash

While China has banned cryptocurrency trading, its people remain interested in the ups and downs of the crypto market, not least because many of them have found workarounds and continue to buy and sel

China’s EV darling Nio turns to Hong Kong and Singapore amid US delisting risk

Nio, an electric vehicle upstart from China, is planning to list its shares in Singapore, which will make the city-state the third base where it trades as geopolitical tensions between China and the U

Daily Crunch: Wearable health tracker Oura has sold more than a million rings

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

China’s microblogging giant Weibo faces delisting risks in US

U.S. regulators have hastened their pace to enforce a law that could delist Chinese companies of which accounting papers can’t be inspected. The addition of Weibo, the Twitter equivalent of Chin

China’s social media giants remove ‘inappropriate’ Ukraine content

China has stuck to its position of refusing to call Russia’s military actions in Ukraine an “invasion” or condemn Moscow, but its people are taking to social media to express their f

Tencent offloads stakes in allies as it continues investment spree

Chinese internet titan Tencent is divesting its vast portfolio. On Tuesday, the company announced plans to offload more than $3 billion worth of shares in Sea, a Singaporean internet conglomerate, tri

China’s ride-hailing giant is delisting from the New York Stock Exchange

China’s ride-hailing behemoth Didi has begun the procedure of delisting from the New York Stock Exchange and applying to list in Hong Kong instead, the company announced via a Weibo post on Frid

China roundup: Alibaba’s sexual assault scandal and more delayed IPOs

A sexual assault case at Alibaba has sparked a new round of #MeToo reckoning in China. Industry observers believe this is a watershed moment for the fight against China's allegedly misogynist tech ind

More Chinese phone makers could lose US apps under Trump’s Clean Network

More than a third of the world’s smartphone sales come from Chinese vendors Huawei, Xiaomi and Oppo. These manufacturers have thrived not only because they offer value-for-money handsets thanks

As threats to the company mount, TikTok pushes back

As TikTok’s existential roller coaster ride continues to rattle on, the company is trying to sway regulators and the public with a flood of dollars and arguments wrapped in free enterprise and f

Hong Kong fintech startup Qupital will offer services to eBay cross-border sellers

Qupital, a trade financing platform, said today that it has entered an agreement with eBay to be one of its officially recommended Hong Kong financing service providers. Qupital will provide offshore

Report: WhatsApp has seen a 40% increase in usage due to COVID-19 pandemic

Social media usage has grown as a result of the COVID-19 crisis, as more users go online to stay connected with family, friends and colleagues. Now, new data from insights and consulting firm Kantar r

Douyin, TikTok app in China, hits 400 million daily active users

China’s TikTok, which has taken the world by storm, is working its magic in its home nation, too. The Chinese version of TikTok, called Douyin, has amassed 400 million daily active users, parent com

TuSimple adds another $120 million to its self-driving trucks war chest

Self-driving truck startup TuSimple has added another $120 million to a Series D funding round led by Sina, operator of China’s biggest microblogging site Weibo, bringing the total haul to $215 mill

How Zhihu has become one of China’s biggest hubs for experts

Zhihu may not be as well known outside of China as WeChat or ByteDance’s Douyin, but over the past eight years, it has cultivated a reputation for being one of the country’s most trustworthy s

UPS takes minority stake in self-driving truck startup TuSimple

UPS said Thursday it has taken a minority stake in self-driving truck startup TuSimple, just months after the two companies began testing the use of autonomous trucks in Arizona. The size of minority

Tesla vehicle fire in Shanghai caused by single battery module

The Tesla Model S vehicle fire that occurred in Shanghai this past April, prompting international media attention, was caused by a single battery module and is not a system defect, the company said Fr

Xiaomi’s new Mi CC brand will develop ‘trendy’ smartphones for young people

Huawei may be on the ropes as it battles sanctions from the U.S. government, but fellow Chinese smartphone rival Xiaomi is in expansion mode with the launch of a new brand that’s aimed at winnin
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