China
Discover the latest advancements in China’s startup ecosystem. In our China category, learn about the newest trends, innovative companies, and game-changing technologies emerging from this global powerhouse.
- Oct- 2021 -8 October
XTransfer becomes a unicorn after $138M Series D
XTransfer is a Chinese cross-border financial and risk management services provider. It recently announced that it raised $138 million in Series D. Since this round, the fintech firm has become a unicorn. An unlisted startup valued at$1 billion or more…
- Sep- 2021 -8 September
SenseTime heads for IPO on Hong Kong exchange
Chinese artificial intelligence start-up SenseTime heads for IPO. Despite the withdrawal of its stock market listing plans by its mainland peers, it is listing in Hong Kong. This was done in response to growing crackdowns on Beijing’s tech sector. More details on…
- 2 September
Xiaomi acquires self-driving tech startup Deepmotion
Smartphone giant Xiaomi acquires Deepmotion, a Beijing-based startup that develops digital mapping technology for autonomous vehicles. This acquisition is Xiaomi’s latest move to build its own intelligent connected cars. Furthermore, an expansion into China’s auto sector could greatly expand Xiaomi’s…
- 1 September
Kuaikan raised funds worth $240 million
Tencent-backed online comic platform Kuaikan raised funds worth $240M in a new round of funding. According to its WeChat statement, Kuaikan claims that the round is the largest ever in China’s online comic industry. Why the investment matters? Kuaikan offers…
- Jul- 2021 -27 July
Dingdong Maicai IPO debut with $95.7M raise
Chinese on-demand grocer Dingdong Maicai IPO debut made headlines as it raised $95.7 million. This came after the company priced its shares at the lower end of the range. Dingdong Maicai’s debut received a lukewarm reception. Even though it cut…
- 23 July
Didi Under Scrutiny of the Chinese Government
Didi is again under the scrutiny of the Chinese government in less than a week of Wall Street’s debut. Now it has become the biggest new target in Beijing’s fast-moving efforts to tame the country’s internet industry. Why is Didi…
- 7 July
China bans retired EV batteries usage
China’s top energy policymaker released new regulations that China bans retired EV batteries. It plans to ban large energy storage plants from using used automotive batteries. This rule came following several deadly safety incidents at battery and power plants. What…
- 6 July
SHORT SHOTS – Aihuishou in NYSE, Chinese brands sell big in 618 festival
Aihuishou debuts, Huitongda to come Auihuishou is a used electronic reseller store. it has debuted on the New York Stock Exchange on June 18. Aihuishou is backed by JD.com. It saw its shares jumping up to 23% on the first…
- Jun- 2021 -28 June
Manbang seeks to raise up to $1.6 billion in US IPO
Manbang is the Chinese name of Full Truck Alliance Co. It is an Uber-like trucking startup. It is looking to raise as much as $1.57 billion in an initial public offering. This would make it one of the biggest U.S.…
- 15 June
Pinduoduo beats revenue expectations
Pinduoduo beats revenue expectations for the first quarter of 2021 and is getting ready for heavy investment in agriculture research.
- 6 June
Alibaba Cloud Prepares for future with RISC – V
Alibaba Cloud prepares Apsara Operating System compatible with other architectures using RISC -V. This may mean future chip independence.
- 5 June
China on Mars: Zhurong rover returns first pictures
As the rover lands on the Red Planet, China releases the very first pictures of the view captured by Zhurong on its website. Front view from the space vehicle The forward view shows the landscape ahead of the robot as…
- May- 2021 -30 May
ByteDance’s Zhang Yiming to step down as CEO
ByteDance co-founder and CEO Zhang Yiming said he will step down as the CEO of the TikTok owner at the end of this year. Company co-founder and head of human resources Liang Rubo will take his place. Zhang’s departure comes…
- 16 May
China : Long March 5B situation as rocket heads reentry
On Friday, China’s foreign ministry acknowledged the imminent uncontrolled reentry of the Long March 5B as the orbit of the first stage continued to lose altitude. On May 7 at a Foreign Ministry regular news conference, spokesperson Wang Wenbin responded…
- 8 May
Huawei is selling EVs in stores, may offset sinking phone sales
On Wednesday last week, Huawei began selling Chinese-made electric cars. These cars are equipped with Huawei’s powertrain system and in-car infotainment solution. The company said that this move could offset a drastic decline in its global handset business resulting from US…
- 4 May
ByteDance to Take a Bite Out of Tencent?
ByteDance, the owner of TikTok, which has been attracting eyeballs to its viral apps is now trying to become an even bigger success in the gaming world too. The Chinese company’s latest game, One Piece: The Voyage, based on a popular…
- Apr- 2021 -21 April
Alibaba fined, delivery service price dumping
China’s top antitrust regulator, the State Administration for Market Regulation (SAMR), has fined the e-commerce giant Alibaba RMB 18.2 billion ($2.8 billion) on Saturday for “forced exclusivity.” Forced exclusivity is a practice where platforms force merchants to use only one…
- 12 April
BSN architect Red Date to bring R3’s Corda enterprise blockchain to China
Red date Technology is primarily known for its role with the government backed blockchain platform BSN (Blockchain Services Network). It has licensed American distributed ledger company R3’s enterprise blockchain to resell in China. Why is this worth a headline? Until…
- 10 April
Xiaomi invests $1.5 billion in the fully owned EV business
The new Chinese tech giant to join in the red-hot electric vehicle market is Xiaomi with a $1.52 billion investment to set up a fully owned subsidiary for its auto business, to be led by founder and CEO Lei Jun.…
