Alibaba splits into six in biggest overhaul in 24 years
Alibaba never fails to show it’s a fan of restructuring to stay nimble in an ever-changing environment. The e-commerce behemoth said Tuesday that it will split into six business groups, which wi
Are Arm and Ant Group’s derailed exits back on track?
Once an exit gets off the rails, and under current market conditions, it is just not easy to get back on track.
Aigens scales digital menus in Asia with $14M round led by Ant
Aigens, a Hong Kong-based startup that provides online ordering and marketing tools for the food and beverage industry, picked up a fresh $14 million Series A funding round led by Ant Group, the finte
Ant’s global play is to be a payments aggregator and it now reaches 1B users
After trying for years to replicate the success of its QR code-enabled payments solution overseas, Ant Group seems to have finally found a path to scaling. Instead of going after end users, the Alibab
Jack Ma to give up control of fintech giant Ant Group: WSJ
China’s billionaire tech boss Jack Ma plans to cede control of Ant Group, the fintech powerhouse closely affiliated with Alibaba, the e-commerce giant he founded, The Wall Street Journal reporte
Despite crypto ban, China’s tech talent rides the global web3 wave
Despite China’s sweeping bans on cryptocurrencies, domestic web3 talent is quietly flourishing, with many venturing beyond the country’s border. From offering crypto derivative products to
China’s tech giants promise speculation-free NFTs
The future of non-fungible tokens is getting more clarity in China as the country’s tech giants come together to formulate standards for the nascent industry. The China Cultural Industry Associa
The OpenInfra Foundation launches ‘directed funding’ as a new way to support open source projects
The OpenInfra Foundation, the open source foundation that used to be the OpenStack Foundation until it expanded its scope beyond its flagship project a few years ago, today announced an interes
China’s tech giants are having FOMO on NFTs
In mid-April, a group of industry associations in China issued a warning against the potential financial risks of non-fungible tokens, digital assets that represent real-world objects or intangible go
Ant Group buys Singapore’s 2C2P to further global payments ambitions
Quietly, Alibaba’s fintech affiliate Ant Group has been building a global cross-border payments network by partnering with or investing in third-party e-wallets, banks, remittance services and o
Wrapped in red tape, China’s startups give up their mainland dreams
Like many ambitious Chinese who graduated college abroad during the 2010s and aspired to be the next Jack Ma or Pony Ma, Lucas returned to his motherland to build his own internet startup. Two years i
Sequoia-backed SwooshTransfer raises millions of dollars to automate cross-border payments
China’s export-oriented e-commerce has been flourishing over the last few years as the world demands its electronics, fast fashion, sporting gear and other everyday goods. While the country̵
Lead Edge Capital just closed its newest fund with an astonishing $2 billion (nearly)
It used to take a while to amass $5 billion in assets under management. Not so for Lead Edge Capital, a 12-year-old California- and New York-based growth-equity firm that just surpassed that amount, c
Changes to corporate investing rules could diminish China’s resilient venture landscape
Losing Chinese corporate venture capitalists entirely, and overnight -- which will not happen, mind -- would be sharply contractionary but not lethal.
Ant is changing how consumers borrow money from its app
In December 2020, Beijing laid out a guideline for Ant Group to “rectify” its business after calling off its IPO, which could have been the largest initial public offering in history. In t
China roundup: Beijing is tearing down the digital ‘walled gardens’
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, China gets seriou
VCs unfazed by Chinese regulatory shakeups (so far)
Slightly falling quarterly venture capital totals and a notable decline in unicorn formation does not a startup winter make. So let’s look at what's happened more recently.
This Week in Apps: In-app events hit the App Store, TikTok tries Stories, Apple reveals new child safety plan
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with
China’s regulatory crackdown is good news for startups aligned with CCP goals
Things are changing in China, and the regulatory landscape of tech work in the country won't be the same from here on out.
China’s expected edtech clampdown may chill a key startup sector
When it comes to control, the Chinese government doesn't mind wiping out a few dozen billion dollars in market cap here and there. That's not a great system.