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

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 of Chinese

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

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 all over th

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

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&#821

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 borde

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

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

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

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 course. The eight-year-o

Anti-censorship tools are quietly disappearing into thin air in China

China — the biggest internet market globally with more than 1 billion users — is no stranger to online censorship. For years, authorities in the country have built out a series of techno-policy re

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

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 Tenc

Nepal joins a growing list of countries banning TikTok

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, has banned

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

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-owned m

Shein reportedly seeks $90 billion valuation in IPO

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 U.S. initial public offeri

Why this autonomous vehicle veteran joined a legged robotics startup

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 year old.

Online store exposed millions of Chinese citizen IDs

A security researcher said he discovered millions of Chinese citizen identity numbers spilling online after an e-commerce store left its database exposed to the internet. Viktor Markopoulos, a securit

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 gre

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

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 an internal letter see

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

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&#8

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

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 counterpart

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

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 about its standing

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

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 own em

Sequoia faces congressional scrutiny over investments in China

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 en
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