China

EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing reveals

EBay is a very distant second behind Amazon when it comes to e-commerce sales in the U.S., but abroad — and in particular in Asia — it is willing to invest to grow its footprint in a targe

Farfetch acquires CuriosityChina to expand its social media efforts on the mainland

Farfetch — the e-commerce startup that works with some 900 high-end fashion boutiques and labels to present and sell clothes, shoes, accessories and jewelry online, and we and others have heard

Arrivo partners with a Chinese state-owned infrastructure developer to commercialize hyperloop tech

Arrivo, the upstart high-speed mass transit technology developer launched by a former co-founder of Hyperloop One, has inked a massive partnership with a Chinese state-owned infrastructure developer t

Alibaba boosts its offline reach with $2B+ investment in outdoor digital marketing firm

Alibaba is investing big bucks into offline distribution. The Chinese e-commerce giant has forked out $2.23 billion in exchange for a sizeable piece of Focus Media, a Shanghai-based company that ope

China’s Didi Chuxing is close to launching a taxi-booking service in Japan

Days after raising $500 million via a strategic investment from travel giant Booking Holdings, Chinese ride-hailing giant Didi Chuxing has continued its international push with the launch of a local

Apple’s iCloud user data in China is now handled by a state-owned mobile operator

If you’re an Apple customer living in China who didn’t already opt out of having your iCloud data stored locally, here’s a good reason to do so now. That information, the data belong

Google launches its first WeChat mini program as its China experiments continue

Google is continuing to test new strategies in China after the U.S. search giant released its first mini program for WeChat, the country’s hugely popular messaging app. WeChat is used by hundred

Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing

Didi Chuxing, China’s largest ride-hailing company, has pulled in some strategic capital after Booking Holdings invested $500 million into its business. The deal will see Booking Holdings &#8212

WeWork’s biggest rival in China is on an acquisition spree

WeWork may have combined forces with its fiercest rival in China, Naked Hub, in a recent merger, but its new enemy numero uno in the country is also building up a roster of friends through aggressive

A new $124 million for Brazil’s Movile proves that investors still see promise in Latin American tech

Brazil’s macroeconomic picture may be gloomy, but technology investors still see hope in the nation’s burgeoning technology sector — and a recent $124 million financing for the mobil

The U.S. and ZTE reach a deal that will lift export ban

The United States government has made a deal with Chinese telecommunications giant ZTE that, once completed, will lift the ban preventing the company from working with American suppliers. The agreemen

Aspire Capital offers fast finance for SMEs in Southeast Asia

Southeast Asia’s digital economy is tipped to grow more than six-fold to reach more than $200 billion per year, according to a report co-authored by Google, with e-commerce accounting for the do

Tesla reaches deal to build electric vehicle factory in China

Tesla has reached a deal with the Shanghai government to build a factory capable of producing 500,000 electric vehicles a year. The factory would be the automaker’s second assembly plant and aim

China’s largest music streaming business is planning a US IPO

Fresh from Spotify’s unique direct listing in the U.S., another huge streaming service is about to follow suit and go public in America. Tencent Music Entertainment (TME) has nothing like the gl

China’s Xiaomi makes underwhelming public debut in Hong Kong IPO

China’s Xiaomi, the world’s fifth biggest seller of smartphones, made an underwhelming public debut after it hit the Hong Kong Stock Exchange amid concerns around an ongoing trade war betw

Daimler can now test self-driving cars on public roads in Beijing

Daimler has been granted a license to test self-driving vehicles on public roads in Beijing, making it the first international automaker to receive such permission. The owner of the Mercedes-Benz bran

ZTE replaces its CEO and other top execs

A number of top executives are out at ZTE as the phone maker works to fulfill the requirements of U.S.-imposed restrictions. Among the big changes up top is new CEO Xu Ziyang, who formerly headed up t

China VC has overtaken Silicon Valley, but do aggregate numbers tell the whole story?

The evidence is increasingly clear: 2018 is the year of the Chinese venture deal. With half of the year now complete, China is driving ahead of Silicon Valley and the rest of the United States on vent

Mobike unveils first initiatives since acquisition by Meituan, including no longer requiring deposits in China

Mobike made a roster of announcements about its bikesharing program today, including the end of customer deposits in China and full integration into Meituan Diaping’s app. The developments, its firs

Airwallex raises $80M for its international payment service for businesses

Airwallex, a three-year-old fintech startup focused on international payments for SMEs and businesses, is putting itself on the map after it raised an $80 million Series B round. Based out of Melbourn
Load More