Rita Liao

Reporter, China, TechCrunch

Rita covers Asia for TechCrunch, with a special interest in Chinese companies going global and web3 projects with real-world applications.

Before her previous writing stints with Tech in Asia and TechNode, Rita managed communications for SOSV’s accelerators in Asia. At one point, she worked for a documentary production company and a mindfulness retreat center in New England.

She studied political science and visual arts at Bowdoin College.

Contact: ritaliao@pm.me

Rita Liao

Robinhood’s long-awaited international expansion is at full throttle. The consumer trading and investment app tailored to the younger generations is launching its crypto app to all eligible users in the…

Following UK expansion, Robinhood brings crypto trading to EU

For those who move abroad from China, one thing they miss dearly is the convenience of food delivery apps. Fantuan, a Vancouver-based company, has been working on replicating the experience…

Vancouver’s Fantuan raises $40M to deliver real Asian food at your doorstep

PDD, the firm behind the fast-growing shopping app Temu, is shaking up China’s Big Tech club. On Thursday, news of Alibaba’s market cap sliding under that of PDD made headlines…

As Temu shakes up global e-commerce, PDD nears overtaking Alibaba

Nvidia has long been involved in the development of autonomous vehicle technologies, providing the industry with graphic processing units that can perform millions of calculations simultaneously. Now the semiconductor powerhouse…

Nvidia taps China talent for autonomous driving endeavors

ByteDance’s gaming ambition has been an expensive, short-lived pursuit. In late 2021, the TikTok parent’s plans for video games came into the spotlight after it became one of the firm’s…

After two ambitious years, TikTok parent ByteDance starts mass layoffs in gaming

Featured Article

Fate of US venture capital in China teeters on uncertainty

On a weekday afternoon at Red Rock Coffee, the café known for spotting venture capitalists in Silicon Valley, one is likely to overhear a few conversations in Mandarin. With China reopening its borders this spring following three years of COVID-19 restrictions, managers of U.S. funds in the country have been flocking to the Bay Area.…

1:32 am PST • November 25, 2023
Fate of US venture capital in China teeters on uncertainty

Well before Washington banned Nvidia’s exports of high-performance graphic processing units to China, the country’s tech giants had been hoarding them in anticipation of an escalating tech war between the…

US chip export ban is hurting China’s AI startups, not so much the giants yet

Li Auto, an electric vehicle maker adored by young Chinese families, is stepping up its endeavors to build in-house automotive chips and has gone abroad to seek talent for the…

China’s EV upstart Li Auto hunts for chip talent in Singapore

During the Staking Summit in Istanbul, a conference attended by hundreds of individuals involved in the staking practice of the crypto ecosystem, two exhibition booths stood out. They belonged to…

China’s tech giants dip their toes into web3, but prospects are limited so far

Despite its dominant market share in the crypto sphere, Bitcoin has had limited applications compared to other blockchains which have blossomed to facilitate asset transfers in everything from financial products…

How Jane Street-backed ZetaChain aims to expand Bitcoin’s use cases

Another country is banning TikTok, the ByteDance-owned short video behemoth with over one billion active users around the world. Nepal, which has a population of close to 30 million people,…

Nepal joins a growing list of countries banning TikTok

When Pico launched its Oculus Quest challenger in China last year, it did so with great optimism. Light (295 grams) and affordable ($420), the virtual reality headset released by the…

ByteDance’s Oculus challenger Pico lays off hundreds, halts aggressive expansion

Despite crypto’s badly tarnished reputation following FTX’s collapse, some large corporations are warmly embracing its underlying distributed ledger technology. LG CNS, the IT solutions subsidiary of the South Korean conglomerate,…

LG’s IT arm taps Tiger Global-backed QuickNode for web3 pursuit

Upon opening its first overseas office in London last Thursday, a16z made its first U.K. investment announcement today. The venture capital firm has led a $4.2 million seed round in…

a16z backs London-based crypto startup Pimlico as it ramps up UK focus

Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90 billion in a potential…

Shein reportedly seeks $90 billion valuation in IPO

Zhang Li‘s career path has looked like a bellwether for China’s tech trends. When the Cisco veteran joined WeRide in 2018, the Chinese autonomous vehicle company was less than a…

Why this autonomous vehicle veteran joined a legged robotics startup

Featured Article

Valued at $1B, Kai-Fu Lee’s LLM startup unveils open source model

Kai-Fu Lee, the computer scientist known in the West for his bestseller “AI Superpowers” and in China for his bets on artificial intelligence unicorns, has a new venture — and a great ambition. In late March, Lee launched a company called 01.AI with the vision to develop a homegrown large language model for the Chinese market.…

3:30 pm PST • November 5, 2023
Valued at $1B, Kai-Fu Lee’s LLM startup unveils open source model

Nio, the Chinese carmaker known for its sleek, premium electric SUVs, has started a new round of layoffs as intense competition propels it to cut costs and regroup resources. In…

Chinese EV darling Nio to cut 10% staff amid ‘fierce competition’

Just three months after PayPal entered the fray to bring stablecoins to the masses, it’s attracting attention from U.S. regulators that are tightening the screws on the stablecoin sector. The…

SEC subpoenas PayPal over its USD-pegged stablecoin

Despite the ongoing technological decoupling between China and the West, both sides are converging to discuss the threat that runaway artificial intelligence may pose to humanity. Wu Zhaohui, China’s vice…

China’s tech vice minister calls for ‘equal rights’ at global AI summit in UK

Shein, the fast fashion giant that has thrived on its nimble supply chain in China, is expanding its product range by scooping up competitors. In a statement released on Monday,…

Shein adds struggling UK brand Missguided to its fashion empire

XPeng is often called the Chinese challenger to Tesla for its efforts to bring advanced driving capabilities to its electric vehicles. It’s now getting a step closer to its American…

XPeng starts removing HD maps from Tesla FSD-like feature in China

In fashion design, success is often determined by talent, hard work and a sprinkle of luck. In the era of big and artificial intelligence, however, fashion design has become somewhat…

Coach’s knitwear supplier bets $1M on Jellibeans’ fashion prediction tech

There’s no shortage of startups trying to automate marketing tasks by using generative AI. For WorkMagic, the target users are the millions of small-scale Shopify sellers who it believes can…

WorkMagic wants to automate all the marketing tasks for Shopify sellers

Roblox China was once full of promise. Since its localized platform, which is a joint effort with Tencent, abruptly halted operation nearly two years ago, the company has been quiet…

Two years after pausing service, Roblox China cuts a small number of staff

It’s become increasingly evident that two parallel AI universes are forming between the U.S. and China. While the U.S. has spawned notable players like OpenAI and Anthropic, China has its…

China’s tech titans race to invest $340M in OpenAI challenger

Amid a global slowdown in venture investments for crypto projects, some companies continue to buck the trend. SynFutures, a decentralized crypto derivatives exchange, has completed a $22 million Series B…

SynFutures raises $22 million Series B, bucking ‘crypto winter’

One of Silicon Valley’s most prominent investment firms will face government scrutiny over its investments in China. Sequoia Capital has received a polite but pointed request from Congress to enter…

Sequoia faces congressional scrutiny over investments in China

In August last year, a ban on Nvidia’s chip export to China sent the country’s budding artificial intelligence startups scrambling for alternatives. A momentary sense of relief came when Nvidia…

Biden further chokes off China’s AI chip supply with Nvidia bans

Walking through Token2049, it was hard to tell that the crypto industry was going through a “winter” phase. The crypto conference held in Singapore in September attracted an unprecedented crowd…

Asia emerges as a promising haven amid the crypto winter