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Didi’s autonomous vehicle arm raises $149M from state investors

When Didi created an autonomous vehicle subsidiary in 2020, the venture was seen as a Chinese counterpart to Uber’s AV unit. The tides of change have since swept across China’s tech landsc

Tesla’s China rival XPeng buys ride-hailing giant Didi’s smart EV assets for $744M

Chinese electric vehicle upstart XPeng is acquiring the smart EV assets of ride-hailing giant Didi for $744 million, marking another significant alliance that the Tesla challenger has struck in recent

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&#8
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