China
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9GAG CEO Ray Chan: ‘Building a healthy community is a never-ending battle’
If you enjoy getting lost in memes and social media, you’ve undoubtedly stumbled across 9GAG at some point. 9GAG is a Hong Kong-based site that hosts and distributes funny pictures, videos and memes. Read More
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Report: Xiaomi sales climb but Huawei remains China’s top smartphone brand
China’s Xiaomi, once the world’s highest valued tech startup, is getting over a disappointing two years with a notable spike in sales in its homeland during the second quarter of 2017. That’s according a new report from analyst firm Canalys, which estimates that Xiaomi, which was valued at $45 billion at the end of 2014, shipped 15 million phones during the quarter to… Read More
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Xiaomi’s take on the Amazon Echo smart speaker costs less than $50
Hot on the heels of reports that Facebook is developing its own take on Amazon Echo, China’s Xiaomi has joined the tech company masses by jumping into the increasingly crowded smart speaker space. The Mi AI Speaker is Xiaomi’s first take at rivaling the Echo, which has already inspired a product from Alibaba in China and counts offerings from Google and Apple among its… Read More
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Alibaba and Tencent are carving up Southeast Asia’s startup ecosystem
Two global tech forces are putting their mark — and money — into Southeast Asia’s nascent startup ecosystem, but they may not be the Western names that you expect. Rather than Google, Facebook or Microsoft, increasingly Chinese duo Alibaba and Tencent are the driving forces behind the importing of large sums of capital and vast business experience into Southeast… Read More
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Apple’s Greater China business now has its own managing director for the first time
Apple has appointed Isabel Ge Mahe as its first vice president and managing director of its business in Greater China. China-born Ge Mahe is tasked with managing Apple’s China business, and she will report to CEO Tim Cook and COO Jeff Williams when she takes up the role, which is based out of Shanghai, “later this summer.” Read More
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Four volunteers will live in a sealed lab for 200 days as China preps for its first manned moon mission
Four volunteers at China’s top aeronautics university will live in a sealed laboratory for 200 days without any outside interaction as the country prepares to send its first manned mission to the moon. According to the People’s Daily (one of the Chinese Communist Party’s official newspapers), the group started their stint on Sunday in the 160-square-meter lab at the… Read More
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Converging consumer values in China and the U.S. are creating millennials without borders
Marketers love slicing and dicing by region: APAC, NorAm, LatAm, MENA, ANZ, etc. But what if the best way to slice is no longer by geography, but by age? Marketers may need to geo-locate for one-off campaigns, but as technology adoption influences our daily routines, forward-thinking entrepreneurs and investors can look to how generations across geographies are more similar than different for… Read More
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Crunch Network
‘Chinafrica’ is a macro megatrend set to impact everything from Silicon Valley to Wall Street
While VCs and startup founders often are the earliest to know about cutting-edge technological advances bubbling from the bottom up (while public-market hedge fund and global macro investors find out about them only later), they often are the last to know about global macro forces that may impact them. Read More
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Hear about China’s growing influence on startups at Disrupt SF 2017
The tech communities in China and the U.S. are now talking to each other more than ever. Some of the most ambitious deals involve both American and Chinese founders and investors. TechCrunch has noticed this cross-pollination effect, and we feel Disrupt should reflect this trend. That’s why we’re so excited to host some of the best Chinese companies and investors at Disrupt SF… Read More
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Crunch Network
How two countries helped drive the recent rise in cryptocurrency prices
The acceptance of virtual currencies by both the Chinese and Japanese governments are driving cryptocurrency growth, with China on the cusp of establishing its own currency, and Japan regulating bitcoin as true legal payment. Read More
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Chinese co-working unicorn URWork raises $30M from healthcare firm Aikang
Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. URWork, a billion-dollar-valued co-working in China, announced today that it has closed a RMB 200 million ($30 million) investment from Beijing’s Aikang Group. The deal is a strategic one that both sides said will grow the selection of services for URWork customers and… Read More
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Crunch Network
Need jobs? Get robots, and education right
How engineers and regulators can accelerate robots and create amazing jobs in the process. Read More
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LinkedIn’s head of China is leaving the company
LinkedIn’s head of China, a key figure in the launch of its business in the country in 2014, is leaving the company, LinkedIn has confirmed. Derek Shen, LinkedIn President of China who led the company’s controversial entry into China, will leave at the end of this month, according to a spokesperson. There’s no immediate replacement, but head of international engineering… Read More
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JD.com invests $397M into luxury marketplace Farfetch as part of a new strategic partnership
JD.com, China’s second-largest e-commerce company after Alibaba, is pumping $397 million into Farfetch, a marketplace for luxury brands, as part of a new strategic partnership. JD.com founder and CEO Richard Liu will take a seat on Farfetch’s board as part of the deal, which makes JD.com one of its largest shareholders. Read More
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Crunch Network
Regulation could stifle growing China-US venture activity
Let’s step back from politics and look at some cold, hard numbers to assess the current state of cross-border investment and other transactional activity between the U.S. and China. We’ll look at one type of transaction that could be affected: venture capital investments. We’ll show the “big picture,” as well as analysis of transactions in AI and related sectors. Read More
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Crunch Network
Banking the unbanked in emerging markets
As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. People need to purchase food, pay electricity bills, top up transportation cards, arrange online services, buy overseas goods, repay loans, and send money to relatives. Unlike the U.S., however, where 93% of people have… Read More
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