china
- Oct- 2021 -8 OctoberNews
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…
- 7 OctoberNews
ByteDance to launch domestic music streaming app
Chinese media 36Kr reported that the Chinese tech giant ByteDance is developing domestic music streaming app for the Chinese market. It further stated that the company plans to launch the app later this year. Why it matters Major tech heavyweights dominate most…
- Sep- 2021 -8 SeptemberNews
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…
- 1 SeptemberNews
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 -26 JulyNews
Didi raises funds worth $4.4 billion
Chinese ride-hailer Didi raises funds worth $4.4 billion. It went public on the New York Stock Exchange in a much anticipated US IPO. Didi is the biggest Chinese IPO in the US since Alibaba’s $25 billion listings in 2014. Details on the deal…
- 24 JulyNews
Alibaba vs Meituan, and More: SHORT SHOTS
Welcome to today’s short shot discussing Alibaba vs Meituan and much more. Here we take a glimpse at what went on with the startups to make the headlines in a single article piece. Alibaba vs Meituan: Alibaba gets competitive E-commerce…
- 23 JulyNews
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…
- 22 JulyNews
Housekeeping service app Daojia files for US IPO
Daojia files for the US IPO in New York recently. It is a Chinese platform offering on-demand housekeeping services. In Chinese, Daojia means coming to homes. Alibaba is the backer of the company and the owner is 58.com. 58.com is China’s…
- 7 JulyNews
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…
- Jun- 2021 -30 JuneNews
SpaceX vs China: The Quest for Satellite Internet
Its SpaceX vs China when we come to the up and coming 6G network technology. As SpaceX has launched Starlink, China also gets ready to send satellites with the USP to provide the fastest internet on Earth yet.
- 23 JuneNews
Chinese ride-hailing giant Didi files for US IPO
Chinese ride-hailing platform Didi files for US IPO. It plans to trade on either the New York Stock Exchange or Nasdaq.
- 20 JuneNews
ByteDance wrestles with Tencent over link blocking
ByteDance wrestles with Tencent by writing a post expressing its anger on Tencent's link blocking activities that have resulted in lack of user sharing.
- 17 JuneNews
Tesla’s China Sales Bounce Back
Tesla's sales bounce back in China, in May after facing a short slump when a customer protest. But it might be too early to tell for sure.
- 15 JuneNews
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 JuneNews
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 JuneNews
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…
- 2 JuneNews
Tencent Tries to Recover From $200 Billion Antitrust Slide
Tencent Holdings is trying to prove that it on its way to recover from the loss of almost $200 billion suffered because of the antitrust scrutiny. The results that come as the pandemic recedes affirm this further. The growth in…
- May- 2021 -30 MayNews
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…
- 20 MayNews
Chinese rocket debris crashes into the Indian Ocean
The Chinese space agency has officially stated that the remains of Long March-5b, the state’s rocket that was hurtling back towards Earth have crashed into the Indian Ocean. While the bulk of the rocket was destroyed as it re-entered the…
