The Latest from Rita Liao
California has let two Chinese startups offer robotaxis to the public
China’s driverless cars are coming for passengers in the United States. AutoX and Pony.ai just became the first Chinese companies allowed to offer self-driving robotaxis in the state of Californ
China to lose top spot to US in 2019 gaming market
China is losing its global lead in games. By the end of 2019, the U.S. will replace China as the world’s largest gaming market, with an estimated revenue of $36.9 billion, says a new report fro
Xiaomi’s latest products for Russia include its smart TVs and flagship Mi 9T
Xiaomi, best known for its smartphones, is making serious inroads into Russia as it launched a collection of products in the country where some 145 million people live. That includes its smart TVs fea
Huawei says US ban will cost it $30B in lost revenue
Following a string of trade restrictions from the U.S., China’s telecoms equipment and smartphone maker Huawei expects its revenues to drop $30 billion below forecast over the next two years, fo
China’s housing unicorn Danke appoints ex-Baidu exec as new COO
A few months after nabbing a handsome $500 million funding round, China’s shared housing startup Danke Apartment got a talent boost. On Monday, Danke announced the appointment of Gu Guodong as i
How China’s first autonomous driving unicorn Momenta hunts for data
Cao Xudong turned up on the side of the road in jeans and a black T-shirt printed with the word “Momenta,” the name of his startup. Before founding the company — which last year topp
China opens Nasdaq-style board to lure tech firms back home
China’s much-anticipated Science and Technology Innovation board officially launched in Shanghai today, marking Beijing’s major step in drawing high-potential tech companies to list at hom
Report: Chinese spend nearly 5 hours on entertainment apps daily
Like the rest of the world, China is getting more glued to smartphones that can perform an endless list of tasks, from talking to workmates, shopping for groceries, all the way to getting a dose of do
Alibaba’s Ant Financial and Hellobike team up on $145M e-bike battery JV
Shared e-scooters aren’t just gaining popularity in the United States; they’re hitting the streets of China, too. Recognizing the possibility that some people just don’t want to peda
Mary Meeker’s 2019 Internet Trends report highlights China’s short-form videos and super apps
This year’s edition of Mary Meeker’s Internet Trends report, released earlier today, once again included a section on China prepared by Hillhouse Capital. There are now 3.8 billion Internet users
Luxembourg to get €100M investment from Chinese payments startup Pingpong
For financial services firms looking to enter Europe, Luxembourg has historically been a popular anchoring point because of its political and economic stability, as well as a favorable regulatory envi
China grants first 5G licenses amid Huawei global setback
It’s official. After much anticipation, China named the first companies to receive 5G licenses for commercial use on Thursday. The announcement from the Ministry of Industry and Information Tech
LinkedIn to shutter Chitu, its Chinese-language app, in July, redirects users to LinkedIn in Chinese
LinkedIn has long eyed China as an important country to offset slowing growth in more mature markets. But now it’s calling time on a localized effort after failing to see it pick up steam. The c
China says apps should get user consent before tracking
Chinese regulators might follow the European Union’s lead to make life harder for internet companies such as Douyin (TikTok’s Chinese version) that closely track behavior of their users in
Apple is now restricting Chinese language podcasts in China
Just as podcasting hits the mainstream in the west, China, which is also experiencing an audio boom, is seeing restrictions tighten around shows as evidenced by new curbs from Apple. This week, the U.
China says it will ‘soon grant’ 5G licenses for commercial use
There’s a widely accepted method to interpret China’s official announcements: the shorter the news, the heavier it is. Today, in one concise sentence, the Ministry of Industry and Informat
Science publisher IEEE lifts ban on Huawei reviewers
After a temporary ban, the Institute of Electrical and Electronics Engineers, commonly known as the IEEE, announced on Monday it has lifted curbs on editors and peer-reviewers that work for Huawei and
China lays out official stance on trade talks with U.S.
On Sunday, China released a comprehensive white paper to formalize its positions on trade negotiations with the U.S. The set of statements come as the trade war escalates and Beijing threatens to hit
Science publisher IEEE bans Huawei but says trade rules will have ‘minimal impact’ on members
The IEEE’s ban on Huawei following new trade restrictions in the United States has sent shock waves through global academic circles. The organization responded saying the impact of the trade pol
Easy Transfer processes billions of dollars in tuition for overseas Chinese students
For a founder building a consumer-facing business, overseas Chinese students might just be one of the most coveted targets: they’re young, well-educated and have access to the “bank”