China’s Didi to dispatch robotaxis 24/7 in 2025, announces trucking service
China’s ride-hailing giant Didi is back in public view after two years of staying low amid a regulatory crackdown. The SoftBank-backed company announced Friday at a company open day a series of
Didi gets China’s approval to relaunch after 18-month security probe
Eighteen months after its app was suspended in China, ride-hailing giant Didi made a comeback on Monday. The move came as China showed signs of easing up its sweeping regulatory clampdown on the inter
Otter.ai challenger Airgram raises $10M to transcribe and time your video calls
There’re plenty of tools out there competing to help people make their video calls breezier. Some, like voice transcription service Otter.ai, have been getting a boost from the COVID-19 pandemic
Losses at SoftBank’s Vision Funds have consumed nearly all their historical gains
The Vision Fund was always a funded vision; today we learned just how cloudy that perspective is proving.
China’s $1B fine on Didi could end the mobility giant’s troubled year
Didi, the Chinese ride-hailing behemoth that has undergone a year of regulatory overhaul, faces a fine of over 8 billion yuan ($1.28 billion) from the country’s authorities, The Wall Street Jour
Didi’s delisting now done deal
Chinese ride-hailing giant Didi has voted to delist from the U.S. stock market, a long-expected result of Didi finding itself in hot water with the Chinese government after a troubled U.S. debut.
Robotaxi rivals Pony and WeRide join Chinese ride-hailing service OnTime’s $153M round
This is an interesting day when we see two of China’s major robotaxi foes come together, offering a clue to how the industry is evolving in the country. WeRide.ai and Pony.ai, which both operate
China’s tech firms in limbo amid COVID resurgence, US scrutiny
2022 is not looking any easier to many Chinese tech companies. The slew of new cyberspace regulations introduced over the past year or so, from anti-competition rules to restrictions on the use of alg
Volkswagen in talks to buy Huawei’s autonomous driving unit: report
The autonomous driving space might be seeing the marriage of two titans. Volkswagen is in talks with Huawei to acquire the latter’s nascent autonomous driving unit for billions of euros, Germany
Changes to corporate investing rules could diminish China’s resilient venture landscape
Losing Chinese corporate venture capitalists entirely, and overnight -- which will not happen, mind -- would be sharply contractionary but not lethal.
Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app
Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. Bolt — the startup and app
The Station: Didi delists, a plea for the Chips Act and crypto for in-car purchases
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station
China’s ride-hailing giant is delisting from the New York Stock Exchange
China’s ride-hailing behemoth Didi has begun the procedure of delisting from the New York Stock Exchange and applying to list in Hong Kong instead, the company announced via a Weibo post on Frid
China banning foreign IPOs would be pretty unsurprising
China is considering removing the VIE loophole that allowed Chinese companies to list in the United States, closing a method by which local companies could access foreign capital.
TechCrunch+ roundup: Deep tech predictions, HashiCorp’s IPO, enterprisewide AI
If you believe you have a good idea for a startup, go for it. When venture capitalists say this is a good time to be a founder, you know they absolutely mean it.
How China’s regulatory crackdown whomped Vision Fund 1’s returns
In essence, Chinese regulatory action is harming the value of a U.S. stock, which is bringing down the value of a Japanese investment fund, which raised most of its capital from the Middle East.
Didi expands, inDriver monetizes to rival Uber, Bolt in Africa
The on-demand transport space in Africa has evolved since San Francisco-based ride-hailing firm Uber first set up operations in South Africa in 2013, setting the stage for its foray across the contine
China roundup: Tencent takes on sites trying to circumvent its age limits
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The enforcement of China
China roundup: Beijing wants tech giants to shoulder more social responsibilities
This week, the gaming industry again became a target of Beijing, which imposed arguably the world's strictest limits on underage players. On the other hand, China's tech titans are hastily answering B
China proposes strict control of algorithms
China is not done with curbing the influence local internet services have assumed in the world’s most populous market. Following a widening series of regulatory crackdowns in recent months, the nati