Meituan
BAI Capital targets China’s globalizing startups with fresh $700M fund
BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the country&#
Sequoia Capital China raises $9B amid cooling tech sector
Sequoia Capital’s China affiliate has pulled in $9 billion in fresh capital to back the country’s tech companies across all stages, The Information first reported. The raise arrived at a t
Thousands of Mobike users’ passports and IDs exposed online
A massive trove of more than 120,000 passports, drivers licenses and identity documents uploaded by users of bike-sharing service Mobike have been found online. Security researcher Bob Diachenko foun
China’s logistics robot maker VisionNav raises $76M at $500M valuation
Industrial robotics has in recent years become one of the hottest tech sectors in China as the country encourages the use of advanced technology to enhance efficiency on the production floor. VisionNa
Tiger Global is earning its stripes in Africa
You can count on one hand the number of funds bigger than Tiger Global. But in terms of influence, speed and number of investments made since 2021, Tiger has led the pack alongside Sequoia. Last year,
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
COVID rapid tests available on e-commerce in China for the first time
China is allowing the public to take COVID-19 rapid antigen self-tests for the first time as infection numbers hit a two-year high in recent days. Online marketplaces including JD.com and Meituan are
New regulation in China to hit food delivery giants’ profit model
Between 2016 and 2020, the number of people who ordered food online in China doubled to 400 million. The boom was in part thanks to the generous subsidies shelled out by the country’s food deliv
Baidu’s electric car brand Jidu closes $400M Series A round
Once an industry with long development cycles, the automotive space is being upended by China’s tech giants. One can hardly keep up with all the new electric vehicle brands that come out of the
China’s robotaxis charged ahead in 2021
Autonomous driving startups in China are in an arms race to put passengers in their machine-driven vehicles. Every few weeks, news arrives that another major player has got the greenlight to launch a
How Meituan is redefining food delivery in China with drones
On a congested sidewalk next to a busy mall in Shenzhen, a 20-something woman uses a smartphone app to order a milk tea on Meituan, a major food delivery company. In less than 10 minutes, the pearl-wh
Lightspeed China raises $920M for new funds, adds five partners
Lightspeed China Partners, the China-focused vehicle of Lightspeed Venture Partners, said Tuesday it has closed the largest fundraising rounds in its history. The new injection came under three years
The rapidly changing investor calculus on China’s tech giants
As wave after wave of regulatory crackdowns have dominated China tech news in 2021, one can be excused for losing track of what is being regulated, who is doing the regulating and what exactly the reg
Europe’s quick-commerce startups are overhyped: Lessons from China
More than 10 companies currently compete across Europe with an instant grocery delivery business model. Half of them were established in 2020, the year of the pandemic.
This Week in Apps: In-app events hit the App Store, TikTok tries Stories, Apple reveals new child safety plan
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with
As China shakes up regulations, tech companies suffer
Things in China seem to be changing for the worse, in terms of both future access to foreign capital for Chinese companies and doing business in the country overall.
Equity Monday: China boosts pressure on its tech sector as Duolingo’s IPO looks to raise a few more bucks
Ever wake up to a massive wall of news? That was today, so we had to pick and choose. But since this show is about getting you caught up, we decided to focus on the largest, broadest new information.
China roundup: What’s going on with China’s data security clampdown?
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. A tectonic shift is underwa
Chinese lidar maker Hesai lands $300M led by Hillhouse, Xiaomi, Meituan
The rush to back lidar companies continues as more automakers and robotaxi startups include the remote sensing method in their vehicles. Latest to the investment boom is Hesai, a Shanghai-based lidar
JD.com, Meituan and Neolix to test autonomous deliveries on Beijing public roads
People in a Beijing suburb will begin to see autonomous delivery mini-vans across their neighborhood, moving cautiously alongside human delivery riders belting down the streets. Beijing has greenlight