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SoftBank, Sequoia China back this ERP startup enabling China’s online exporters

Thanks to cross-border e-commerce platforms, China continues to be a major exporter of consumer goods for the world in the online shopping age. It’s not just marketplaces like Amazon and AliExpr

TikTok parent ByteDance just bought a hospital group in China

TikTok’s parent company ByteDance is making some pretty heavy bets on the healthcare space as it acquired Amcare, which runs high-end children’s and women’s hospitals across China. T

How to lose money, SoftBank edition

Alex and Grace are back to cover the biggest and most interesting technology, startup and market news. This morning was a fun mix of stuff that we don’t always get to, so strap in for the foll

Baidu to operate fully driverless commercial robotaxi in Wuhan and Chongqing

Chinese internet giant Baidu has secured permits to offer a fully driverless commercial robotaxi service, with no human driver present, in Chongqing and Wuhan via the company’s autonomous ride-h

China’s Jaka Robotics fueled by Saudi Arabia’s Prosperity7 in global push

Jaka Robotics, a Chinese startup that makes collaborative robots, has just pulled in a hefty Series D funding round of over $150 million from a lineup of heavyweight investors to help it expand global

Daily Crunch: Cartona will use $12M Series A to expand its Egypt-based, B2B e-commerce platform

Happy new week! Christine went on a well-deserved break, so you’ll have to deal with a double dose of my awful puns and worse headline shenanigans for a bit.

Real driverless cars are now legal in Shenzhen, China’s tech hub

There are plenty of autonomous driving vehicles testing on the roads of Shenzhen today: Pony.ai, Baidu, DeepRoute, AutoX, you name it. But these vehicles are not really the unmanned vehicles that tech

Baidu reveals the next-gen robotaxi that will be deployed throughout China

Baidu, the Chinese search engine giant that has plowed money into AI and autonomous vehicle technology, unveiled Wednesday a new all-electric robotaxi that it plans to deploy at scale across China. Ba

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

Shanghai gives nod to NFT trading platforms

After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology. Th

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

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

Baidu, Pony.AI win first driverless robotaxi permits in China

Chinese internet giant Baidu and autonomous vehicle company Pony.ai have received permits to provide driverless ride-hailing services to the public on open roads in Beijing, according to both companie

China’s work automation startup Laiye raises $160M, acquires France’s Mindsay

An ambitious Chinese startup wants a slice of the flourishing global work automation market. Laiye, a Beijing-based company that provides a one-stop platform for automating office tasks of varying deg

China’s game engine Cocos raises $50M, goes beyond games

Cocos Technologies, a China-based game engine provider that has been around since 2010, just announced it has picked up $50 million in a Series B funding round in a bid to work on development and move

China’s Zhiyi Tech raises $100M to help fashion brands predict bestsellers

In China, livestreaming promotion is emerging as a popular way for brands and influencers to reach consumers, challenging the traditional e-commerce model where users browse static pictures, read revi

AR glasses maker Nreal nabs $200M funding in 12 months

China’s augmented reality startup Nreal is on a roll. The company, which hopes to bring AR to the masses by making bright-color, lightweight smart glasses, has just received $60 million in a Se

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 EV chassis maker PIX raises $11M to build its own smart vehicles

The autonomous driving industry in China has enjoyed a boom over the past two years, with both institutional and corporate investors pouring money into a driverless future. Companies thriving in the d

China’s driverless delivery startup Whale Dynamic targets US market with $2.5M funding

A nascent Nuro challenger from China has its sight set on the delivery market in the U.S. and just raised some seed funding to advance its ambitions. Whale Dynamic, a Shenzhen-based autonomous deliver
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