China

China gets serious about antitrust, fines Alibaba $2.75B

Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of its largest internet cong

Chinese hardware makers turn to crowdfunding as they look to go global

China’s tech giants have had a rough time in Western markets over the last few years. Huawei and DJI have been hit by trade restrictions, while TikTok and WeChat are threatened with their apps b

Beyond Meat opens its first production plant in China

About a year after Beyond Meat debuted in China on Starbucks’s menu, the Californian plant-based protein company opened a production facility near Shanghai to tap the country’s supply chai

Former Amazon exec gives Chinese firms a tool to fight cyber threats

China is pushing forward an internet society where economic and public activities increasingly take place online. In the process, troves of citizen and government data get transferred to cloud servers

Fueled by pandemic, contactless mobile payments to surpass half of all smartphone users in US by 2025

Among other technology trends accelerated by the COVID-19 pandemic, the use of contactless mobile payments boomed in 2020. According to a recent report by analyst firm eMarketer, in-store mobile payme

Chinese startups rush to bring alternative protein to people’s plates

In many ways, China is the ideal testbed for alternative protein. The country has a long history of imitation meat rooted in Buddhist vegetarianism and a growing, health-conscious middle class.

Collaborative iOS app Craft Docs secures $8M, led by Creandum and a ‘Skyscanner Mafia’

Launched in only November last year, the Craft Docs app — which was built from the ground up as an iOS app for collaborative documents — has secured an $8 million Series A round led by Creandum. A

Bilibili ups the ante in games with $123 million investment in TapTap

Competition in China’s gaming industry is getting stiffer in recent times as tech giants sniff out potential buyouts and investments to beef up their gaming alliance, whether it pertains to cont

Biden infrastructure plan proposes spending $174B to boost America’s EV market

Huawei seeks growth in Internet of Things as phone business suffers

Huawei’s struggles amid U.S.-China trade tensions are driving it to seek opportunities in other smart devices, setting itself up against a raft of hardware makers at home and abroad. The Chinese

Cryptocurrency wallet and blockchain tech startup imToken raises $30 million Series B

ImToken, the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Participants included returning investor

Xiaomi joins the ranks of Chinese tech giants to work on EVs

After weeks of rumors, Xiaomi officially confirmed that it is making a foray into the electric vehicle space. The Chinese smartphone and IoT giant will set up a wholly-owned subsidiary to operate a sm

A trove of imported console games vanish from Chinese online stores

In the world’s largest gaming market, China, console games play a relatively small part as their revenue has been meager compared to mobile and PC games for years — at least by the officia

LIVEKINDLY screams its way to the top of new plant brands with the close of a $335 million round

LIVEKINDLY Collective, the shouty parent company behind a family of plant-based food brands, has snagged cash from the global impact investing arm of $103 billion investment firm TPG to close its late

DiDi Chuxing expands to South Africa, to take on Bolt and Uber

Chinese ride-hailing company DiDi Chuxing has started operations in South Africa today, according to Reuters. Founded in 2012, the Beijing based company operates in more than 400 cities in China. It c

What Silicon Valley could learn from China’s Q&A platform Zhihu

China’s largest question and answer platform, Zhihu, began trading in New York at $9.50 per share at the lower end of its IPO range, valuing the company at about $5.3 billion. The aggregate offe

TuSimple’s IPO filing reveals roadblocks for self-driving startups with Chinese ties

While the governments of the United States and China are pushing policies for technological decoupling, private tech firms continue to tap resources from both sides. In the field of autonomous vehicle

H&M removed from Chinese apps over Xinjiang cotton boycott

H&M has been removed by major e-commerce and service apps in China after a Communist Party organization barraged it for a statement expressing “deep concern” over allegations of forced

Facebook caught Chinese hackers using fake personas to target Uyghurs abroad

Facebook on Wednesday announced new actions to disrupt a network of China-based hackers leveraging the platform to compromise targets in the Uyghur community. The group, known to security researchers

Eat Just (the alt-protein company formerly known as Hampton Creek) has raised another $200 million

Eat Just, the purveyor of eggless eggs and mayonnaise and the first government-approved vendor of lab-grown chicken, has raised $200 million in a new round of funding, the company said. The funding wa
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