China

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

China to ban apps from collecting excessive user data starting May 1

Starting May 1, apps in China can no longer force users into providing excessive personal data, according to a document jointly released by a group of the country’s top regulators (the Cyberspac

Tencent Music now has joint labels with all ‘big three’ record labels

The music streaming arm of Tencent is further tightening its ties with the “big three” record label companies, its major licensing partners. Tencent Music Entertainment announced Tuesday t

Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round

Across the street from Suzhou North, a high-speed railway station in a historic city near Shanghai, a futuristic M-shaped building easily catches the eye of anyone passing by. It houses the headquarte

Pinduoduo steals Alibaba’s crown with 788M annual active users

For the first time, Pinduoduo has surpassed Alibaba in annual active users, marking the Chinese e-commerce upstart’s meteoric rise over the course of five years. The milestone also indicates Pin

Investors Clara Brenner, Quin Garcia and Rachel Holt are coming to TC Sessions: Mobility 2021

The transportation industry is abuzz with upstarts, legacy automakers, suppliers and tech companies working on automated vehicle technology, digital platforms, electrification and robotics. Then there

Rising encrypted app Signal is down in China

Chinese users of the instant messenger Signal knew that the good times wouldn’t last long. The app, which is used for encrypted conversations, is unavailable in mainland China as of the morning

Volkswagen will bring 240 gigawatt hours of battery production capacity to Europe by 2030

Volkswagen AG is gearing up to seize the top spot as the world’s largest electric vehicle manufacturer with plans announced Monday to have six 40 gigawatt hour (GWh) battery cell production plants i

The Roblox final fantasy

Hello friends, and welcome to Week in Review. Last week, I talked a bit about NFTs and their impact on artists. If you’re inundated with NFT talk just take one quick look at this story I wrote t

How ByteDance plans to crack the gaming industry

For the last few years, ByteDance, the parent company of short video app TikTok, has been working to diversify its revenue streams beyond advertisement and find more ways to monetize its hundreds of m

America’s small businesses face the brunt of China’s Exchange server hacks

As the U.S. reportedly readies for retaliation against Russia for hacking into some of the government’s most sensitive federal networks, the U.S. is facing another old adversary in cyberspace: C

Cheese raises $3.6M for its digital bank aimed at the Asian-American community

Many things have accelerated in the world of fintech over the past year, not the least of which is the trend of digital banks aimed at specific communities in the U.S. In the past few months alone, a

Former head of the World Resources Institute has a new role leading Bezos’ $10 billion Earth Fund

The $10 billion Bezos Earth Fund has a new chief executive and it’s Andrew Steer, the former head of the World Resources Institute — an organization that Bezos described as “working

Two European companies are mapping a future service for direct air capture to sequestration of CO2

The Swiss-based, venture capital-backed, direct air capture technology developer Climeworks is partnering with a joint venture between the government of Norway and massive European energy companies to

Hong Kong fintech unicorn WeLab raises $75M led by insurance giant Allianz

One of the few industries that have benefited from the COVID-19 crisis is online finance. Around the world, the pandemic has forced consumers to adopt digital banking. Hong Kong’s WeLab, a finte

What China’s Big Tech CEOs propose at the annual parliament meeting

The annual meetings of the Chinese parliament and its advisory body are underway in Beijing this week. Top executives from some of China’s largest tech firms are among the thousands of delegates

Boss of Chinese gaming titan NetEase calls for shared parental leave

China’s relaxation of its one-child restriction has not delivered the population targets set by its policy planners. In 2019, the birth rate in China slumped to a seven-decade low, which experts

Firms backed by Robert Downey Jr. and Bill Gates have funded an electric motor company that slashes energy consumption

Sometimes the smallest innovations can have the biggest impacts on the world’s efforts to stop global climate change. Arguably, one of the biggest contributors in the fight against climate chang

China’s cosmetics startup Yatsen to buy 35-year-old skincare brand Eve Lom

In China’s cosmetics world, where foreign brands were historically revered, indigenous startups are increasingly winning over Gen Z consumers with cheaper, more localized options. One of the ris

Microsoft says China-backed hackers are exploiting Exchange zero-days

Microsoft is warning customers that a new China state-sponsored threat actor is exploiting four previously undisclosed security flaws in Exchange Server, an enterprise email product built by the softw
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