China

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

Why Tesla and Uber won’t escape 25% tariffs — for now

Tesla and Uber both had requests for tariff relief rejected by U.S. trade officials, a decision that will force the companies to pay a 25% tariff or seek new suppliers. Reuters was the first to report

Why is Andreessen Horowitz (and everyone else) investing in Latin America now?

Investments by U.S. venture capital firms into Latin America are skyrocketing and one of the firms leading the charge into deals is none other than Silicon Valley’s Andreessen Horowitz. The firm

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

Telegram faces DDoS attack in China… again

The popular encrypted messaging service Telegram is once again being hit with a distributed denial of service (DDoS) attack in Asia as protestors in Hong Kong take to the streets. For the last several

As payment and surveillance technologies collide, free speech could be a victim

Anyone who has traveled to Hong Kong knows how ubiquitous the Octopus Card is. Distributed by a company which is majority owned by the Hong Kong government, the cards are used to pay for everything fr

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

Xiaomi’s budget Mi Band wearable now sports a color screen and voice assistant

Xiaomi has refreshed its smart fitness tracker and unveiled a range of other gadgets in China, giving a glimpse at some of its affordable products that it will likely be bringing to other markets in t

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

UK carriers warn over ongoing Huawei 5G uncertainty: Report

UK mobile network operators have drafted a letter urging the government for greater clarity on Chinese tech giant Huawei’s involvement in domestic 5G infrastructure, according to a report by the

Telegram’s crypto tokens are (kind of) going on sale to the public for the first time

Telegram, the most hyped ICO in the history of ICOs, is finally making its tokens available to retail investors through a limited listing that will precede a full sale later this year — but ther

Korean hotel platform Yanolja raises $180M at a valuation of over $1B

The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round that takes it va

Uber rival Bolt returns to London 21 months after a TfL investigation shut it down

Bolt, the Uber rival formerly known as Taxify, is taking a significant step this week in its effort to build out its transportation-on-demand business across the biggest cities in Europe and Africa, w

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

India orders Uber and rival Ola to electrify 40% of fleets by 2026

India is doubling down on its push to replace gasoline and diesel vehicles on its streets with environmentally friendly electric cars. The government plans to order ride-hailing firms such as Uber and

Pratilipi, a ‘YouTube for writers’ storytelling platform in India, raises $15 million

Pratilipi, an app that is uniting writers in India and encouraging others to try their hand at storytelling, has just raised $15 million to expand its network in the nation. The Series B financing rou

This entrepreneur is donating unwanted bike-sharing cycles to underprivileged students in Myanmar

What is the world to do with the graveyards of dockless bicycles left over after China’s bike sharing startups retreated from global markets? One man has come up with the best idea to date: dona

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

China’s Didi kicks off expansion in Latin America with moves into Chile and Colombia

The wheels are turning on Didi Chuxing’s first major expansion in Latin America after the Chinese ride-hailing firm announced moves into Chile and Colombia to double its presence in the region.
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