pinduoduo
Temu accelerates global expansion with parent’s new Dublin office
Temu, a fast-growing e-commerce platform known for cheap deals, is making inroads into new markets as its parent firm sets up a base in Dublin, joining a raft of tech giants including Meta and Twitter
Google flags apps made by popular Chinese e-commerce giant as malware
Several apps made by Chinese e-commerce giant Pinduoduo were flagged as malicious and dangerous by Google.
Pinduoduo’s sister shopping app Temu tops US App Store
Temu, a shopping app operated by the parent firm of China’s e-commerce giant Pinduoduo, has risen from obscurity in the last few months. After becoming the No. 1 shopping app in the U.S. App Sto
Amazon’s latest challenger is China’s online dollar store Pinduoduo
The race to bring China-made goods to Western consumers via online stores is heating up. Pinduoduo, the Chinese e-commerce giant known for offering hard-to-believe deals, has quickly gained momentum f
With maiden $42M fund, Bonfire Union wants to invest in web3 like Tencent does in Web 2.0
Mask Network, a Binance-backed startup that enables users to send cryptocurrencies and encrypted messages on established internet platforms like Twitter, has an ambitious goal: to become the corporate
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
Crypto startup Ledger teams up with Cathay Innovation to launch $110M sector fund
Cathay Innovation is hoping to secure the bag in a new investment partnership with a company that secures crypto assets. The $1.5 billion venture capital firm is entering the crypto market with a new
China’s EV darling Nio turns to Hong Kong and Singapore amid US delisting risk
Nio, an electric vehicle upstart from China, is planning to list its shares in Singapore, which will make the city-state the third base where it trades as geopolitical tensions between China and the U
Blidz raises $6.6M to expand its Pinduoduo-inspired social shopping app
Gamification and social hooks have become cornerstones across every category of consumer apps these days, and today one that’s using these to build out a new e-commerce platform in Europe is ann
New data underscores a slowing e-commerce market
New data from Pinduoduo and results from Alibaba and others from Q4 2021 hint that the pull-forward model of recent e-commerce growth is the most likely. For startups, it's somewhat mixed news.
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
ByteDance reorganizes strategic investment team, causes panic
What a roller coaster day for China’s tech industry. TikTok’s parent company ByteDance has dissolved its strategic investment team, sending worrying messages to other internet giants that
Tencent offloads stakes in allies as it continues investment spree
Chinese internet titan Tencent is divesting its vast portfolio. On Tuesday, the company announced plans to offload more than $3 billion worth of shares in Sea, a Singaporean internet conglomerate, tri
Why Pinduoduo is putting all its profit into agriculture
For the past few years, Pinduoduo has been widely regarded as Alibaba’s strongest challenger. While Alibaba reported 863 million annual active consumers across its retail platforms in the 12 mon
TechCrunch+ roundup: Jack leaves Twitter, Black Friday data, Nubank lowers IPO pricing
Perhaps it should be pro forma for corporate boards in search of a new CEO to start by talking to the company’s longtime engineers, product managers and marketing leads.
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
Black Friday data adds to evidence e-commerce growth is slowing
No, the secular shift to online shopping will not reverse. But it is also seemingly reverting to slower growth rates.
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.
ByteDance founder Zhang Yiming to step down as CEO by end of 2021
Zhang Yiming, the storied co-founder of ByteDance, is stepping down from his role as the CEO and passing the torch to Liang Rubo, another co-founder of the TikTok parent and one of the world’s m
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