China

Planning for the uncertain future of work

In a recently published, roughly 75-page report, British non-profit organization The Royal Society for the Encouragement of Arts (RSA) outlined several scenarios for how the UK labor market will be im

How Nuro plans to spend Softbank’s $940 million

Autonomous delivery startup Nuro is bursting with ideas since SoftBank invested nearly $1 billion in February, new filings reveal. A recent patent application details how its R1 self-driving vehicle c

North Korea’s new website and pro rata rights

From Extra Crunch We have published the transcript for Brian Heater’s conference call on robotics. Arman published report reviews on China’s luxury goods and consumer spending as well as on percep

Indonesia’s Kargo comes out of stealth with $7.6M from Travis Kalanick, Sequoia and others

Travis Kalanick may be busy cooking up a cloud kitchen business, but that hasn’t stopped the former Uber CEO’s VC fund from making its first investment in Southeast Asia. 10100, the firm t

Tencent Q4 profit disappoints, but cloud and payments gain ground

China’s Tencent reported disappointing profits in the fourth quarter on the back of surging costs but saw emerging businesses pick up steam as it plots to diversify amid slackening gaming revenu

Taxes on VC and electric buses harming oil prices

From Extra Crunch A lot of subscribers got to hear from TechCrunch hardware guru Brian Heater, who has been meeting with (too many) robotics companies as we prepare for TechCrunch Sessions: Robotics.

Slowdown or not, China’s luxury goods still seeing high-end growth

Despite well-documented concerns over an economic slowdown in China, the country’s luxury goods market is still seeing opulent growth according to a new study. Behind secular and demographic tailwin

PicsArt hits 130 million MAUs as Chinese flock to its photo-editing app

If you’re like me, who isn’t big on social media, you’d think that the image filters that come inside most apps will do the job. But for many others, especially the younger crowd, ma

The World Health Organization is setting up rules and oversight for human gene editing

Yesterday, the World Health Organization wrapped up its first meeting of a new advisory committee set up to create global governance and oversight standards for human gene editing. The committee was h

Seven Africa-focused startups present at Y Combinator’s Demo Day

The seven Africa-focused companies that presented as part of Y Combinator’s Winter 2019 class of 200 startups may seem like a small percentage for such a large class, but it represents the growi

Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costs

Tencent Music Entertainment Group, the Chinese answer to Spotify that Tencent spun out and floated on the New York Stock Exchange in December, reported a net loss of 876 million yuan ($127 million) in

Xiaomi Q4 sees strong growth in overseas shipment and internet services

Xiaomi, the Chinese company known for its cheap handsets and a vision to drive revenues by selling internet services, has come in ahead of analysts’ estimates in its fourth-quarter profit althou

Simulations, SAFEs, and China beats America in AI patents

Editor’s Note The most consistent feedback we have gotten from Extra Crunch members is that I write too much, and the Daily emails are too long for mortals (and apparently my mother) to read. This i

Grab launches SME loans and micro-insurance in Southeast Asia

In its latest move beyond ride-hailing, Southeast Asia’s Grab has started to offer financing to SMEs and micro-insurance to its drivers. The launch comes just weeks after Grab raised $1.5 billio

TikTok parent Bytedance is getting serious about games

A turbulent 2018 for China’s gaming market hasn’t held back newcomers. Bytedance, the world’s most valuable startup behind a collection of rising new media apps including TikTok and

This YC-backed startup preps Chinese students for US data jobs

In recent years, data analysts have gone from optional to a career that holds great promise, but demand for quantitative skills applied in business decisions has raced ahead of supply as college curri

How to watch Elon Musk unveil the Tesla Model Y

Tesla is scheduled to reveal the Model Y — the next electric vehicle in the electric automaker’s lineup — tonight at an event in Los Angeles after, not months, but years of teasers and hints

Can there be too much competition between startups?

Competition is the core of capitalism. Competition between companies lowers prices — on average — and ensures that they are forced to innovate lest they lose their markets to others. Competition b

Telegram gets 3M new signups during Facebook apps’ outage

Messaging platform Telegram claims to have had a surge in signups during a period of downtime for Facebook’s rival messaging services. In a message sent to his Telegram channel, founder Pavel Du

Surging costs send shares of e-commerce challenger Pinduoduo down 17 percent

China’s new tech force Pinduoduo is continuing its race to upend the e-commerce space, even at the expense of its finances. The three-year-old startup earmarked some big wins from the 2018 fisca
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