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In just one day, BYD's valuation surpassed Ford, General Motors, and Volkswagen combined a first for the company, and a major boon for the Chinese automotive industry. Tesla's stock, meanwhile, crashed by 4 percent just on premarket trading alone, thanks to tumbling sales in China , Cybertruck quality issues , and the BYD charging race.
Despite the Chinese government's obvious dislike of crypto, the country has long been responsible for the majority of the global bitcoin hash rate—partly because of its cheaper electricity—taking a 75% share in September 2019. But this year has seen China push down harder on the industry than ever before: a.
China’s electric vehicles are approximately three to five years ahead of their competitors in terms of products, technology, and the industrial chain, BYD CEO Wang Chuanfu said Monday in an interview with Chinese state broadcaster CCTV. Reuters , CCTV , in Chinese]
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. China postpones Ant’s colossal IPO after closed-door talk with Jack Ma.
For a while now, the industry has wondered as to when Chinese manufacturers will become serious players in the global memory industry, especially DRAM. While still small at 5%, Chinas share of the global memory chip market is growing, and market leaders SK Hynix, Samsung, and Micron should be worried. trillion won.
Back in 2021, we learned that companies like SMIC and China's Yangtze Memory Technologies Co (YMTC) had made incredible progress in catching up with global players in the semiconductor industry, at least when it comes to the manufacturing of NAND, RAM, and low-end CPUs and GPUs. Read Entire Article
Shenzhen-based UBTECH said it is the industry’s first research-grade humanoid robot under RMB 300,000, and deliveries are expected to start in the second quarter. As China pushes for leadership in robotics, this launch strengthens its position in the global humanoid robotics race.
Research by the Cambridge Centre for Alternative Finance last year showed that Kazakhstan had become the second-largest center for Bitcoin mining after China clamped down hard on the industry. The country was responsible for 18% of all Bitcoin mining as of August—that figure stood at 8% before China started hammering.
China isn't just cracking down on transactions that involve cryptocurrencies. The country's next target is industrial energy consumption, which has surged amid a global crunch to satisfy demand for a variety of products, including electronics and cars.
The funding round will go toward improving esports products and its ecosystem in China and across Asia. Thanks to policies supporting Shanghai as the global center for esports, and with Beijing, Chengdu, and Xi’an expressing confidence in the development of esports, VSPN has grown rapidly in recent years. Dino Ying, VSPN CEO.
The South China Morning Post reports that an editorial post in the Chinese nationalist tabloid Global Times slammed TSMC's investment in its Arizona plant as "a dark turn" in the global semiconductor industry.
It all started with a shortage of chips that exposed a weakness in the global supply chain -- a strong dependence on China and its neighboring countries for a large chunk of the world's manufacturing capacity for a variety of consumer and industrial products. At one point, manufacturers like Foxconn.
SoftBank has picked its bet in China’s flourishing industrial robotics space. million) in its latest funding round led by SoftBank Ventures Asia, the Seoul-based early-stage arm of the global investment behemoth. China’s adaptive robot maker Flexiv raises over $100 million.
As China’s domestic smart manufacturing industry enters a new stage of development, the demand for robots continues to rise. A pioneer in China, the company is also looking at international expansion, with the exploration of markets in the Asia-Pacific region, Europe, and the US.
We’ve just made it through two years of a global pandemic — arguably the most disruptive and transformative period for modern society globally. So what does this opportunity mean for global university leaders? Below are for global trends to consider for 2022 and beyond. Business Model Innovation. Learner-Centric Impact.
Moov, a data-fueled marketplace for used manufacturing equipment , has closed a $41 million Series A funding round led by Tiger Global. It also plans to expand its global presence in China, Taiwan, South Korea, Japan, and Europe. With close to $1.5
The rivalry between China’s top online learning apps has become even more intense this year because of the COVID-19 pandemic. Other participants included returning investors Tiger Global Management, SoftBank Vision Fund, Sequoia Capital China and FountainVest Partners. billion valuation after closing a $2.2
Dell has launched its new G15 gaming laptop, which will be available first in China before coming to other regions around the world. The laptop’s industrial design is all-new, though the most notable feature might be the paint job. Yep, those are paint flecks you see in the photos. We’ve asked Dell for further details.
SOSV this morning announced work on a $50 million HAX facility in Newark, New Jersey focused on growing industrial, healthcare and climate startups. Since 2015, HAX started investing in more industrial & health startups and today make up 90% of our new investments,” HAX partner Garrett Winther told TechCrunch.
Nowports raised its initial seed round in 2019 after graduating from Y Combinator’s Winter 2019 batch with a mission to innovate the freight forwarding industry by helping companies — with an emphasis on SMEs — improve the import process. Nowports raises $5.3 Our 2021 goal is 400% to 600%,” de los Rios told TechCrunch.
That helped them notice the industry’s strong reliance on China. The Chinese component manufacturers are not cooperating because the ecosystem in China around EVs is fundamentally different from how it is in India. Tiger Global co-led the pre-Series A round of $5.2 Now they secured some much-needed fuel to expand.
In 2019, McKinsey estimated the global packaging industry had exceeded $1 trillion, thanks to a combination of factors like the e-commerce boom and changing consumer expectations. Most important, it’s an industry primed for technological upgrade. That is just the visible portion of the waste generated by the industry.
In China in particular, cross-border e-commerce represents a significant potential revenue stream for businesses of all sizes. What we are also seeing as a result is that Chinese businesses are innovative and creating whole new industries and whole new customer segments wherever they go. There’s a lot of interest in going global.
Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years. China’s e-commerce and industrial ecosystem is as different from the Western world as its culture. China is also home to one of the world’s largest e-commerce and tech ecosystems. Finding a bigger wave to ride.
Min Zhou is the CEO of CM Venture Capital, a China-based investment company which partners multinationals to help them invest in next-gen technologies. She is also on the Board of Directors for tech startups such as Averatek, Cambridge Touch Tech, Econic, Thingple, Global Power Tech and more. and building an ecosystem of partners.
Tiger Global is one of the most prolific investors in India and is a backer of over a third of all unicorn startups in the country. The New York-headquartered firm, which counts India among its top three markets globally, has deployed over $6.5 In Flipkart alone, Tiger Global has invested over $1 billion. billion valuation.
You can count on one hand the number of funds bigger than Tiger Global. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights. However, Tiger Global limited its activity in Africa from 2009 to 2014.
As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. But BYD isnt focused only on affordability.
Chinese automakers saw their share of the global electric vehicle market rise to 68.2% The numbers were published by Cui Dongshu, secretary general of the China Passenger Car Association (CPCA), on his WeChat account on Saturday. Cui Dongshu, China Passenger Car Association, in Chinese ]
Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. 11) Global Goods Partners :: globalgoodspartners.org. Serrv International is a nonprofit dedicated to fighting global poverty through fair and ethical trade. 3) Animals Asia Shop :: shop.animalsasia.org.
In the past few weeks, we have witnessed a surge of third-party platforms integrating DeepSeek, a powerful new AI model that is swiftly reshaping the landscape of artificial intelligence in China. Is this the moment when AI in China, particularly Chinese-language AI, finally steps into the spotlight?
At BEYOND Expo 2025, were bringing together game-changing startups and top-tier global investors for an electrifying pitching experience where every second counts. Meet the Worlds Leading Investors Get direct access to world-class investment firms, industry leaders, and top VCs ready to back the next big thing. Pitch fast.
Data sourced by TechCrunch from an industry executive. Moj, which claims to have over 100 million users, is operated by Tiger Global-backed ShareChat, and was valued at $2.88 ByteDance’s app identified India as its biggest international market, where it had courted over 200 monthly active users.
New outbreaks of COVID-19 in Asia could create delays in the global supply chain and exacerbate the global semiconductor shortage, according to a new report from The Wall Street Journal. Starting on May 10, COVID-19 infections jumped from one to three-digit figures within a matter of days,” South China Morning Post reported.
I say series of events because virtually every region in the semiconductor ecosystem gets one Semicon China, Semicon Europa, Semicon India, Semicon SEA, Semicon Japan, Semicon Korea, Semicon West (USA), and of course Semicon Taiwan, all throughout the year. Working together globally is key to reaching these goals, they said.
In a press release, Silk EV said the vehicles it makes with FAW will “combine a dynamic, sustainable, and exclusive driving experience with the use of cutting-edge technology and innovation, delivering to China and the world the next-generation of luxury new energy vehicles.” Byton once had its own global ambitions.
This is a milestone for a market-wide standardization to take place in China, Yang Jun, chief executive of CATLs battery swapping arm CAES, said at a press conference in the eastern province of Fujian, where the company is headquartered (our translation). Battery swapping has long faced skepticism.
The fresh capital was led by an undisclosed global fintech fund with participation from existing investors East Ventures, GGV Capital, eWTP and Emtek. . The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.
John Brisco, co-founder and chief executive officer of Coherent, told TechCrunch that the startup has worked with more than 30 insurers in 10 global markets during 2020. Global premiums initially shrank, but research by Swiss Re predicts the insurance industry will recover by next year, led by demand in China.
As China looks to reignite growth, what role will its technology industry play? Is there enough capital flowing to support a new generation of tech startups that could keep China competitive? Other factors played into China’s slowing economic growth. Can China’s venture capital market help it reignite growth?
Shenzhen-based RoboSense has been named in The Humanoid 100: Mapping the Humanoid Robot Value Chain, a global top 100 list of companies in the humanoid robotics sector, recently released by the US financial services company Morgan Stanley.
The world's premier mobile industry event, MWC was hurt pretty badly during the COVID pandemic, and it even went away entirely in 2020. MWC 2025: What, where and when The MWC, or Mobile World Congress, is a large mobile industry event held annually in Barcelona, typically with more than a hundred thousand visitors.
The China Integrated Circuit Design Industry Exhibition (ICCAD) is Chinas annual semiconductor design focused show. Its the perfect place to get a feel for how Chinasindustry has developed over the year and where it is going. Industry revenue grew at 11.9% Last year, Chinasindustry growth was only 8%, 0.2%
The CSIA announcement argued that the arbitrary nature of US sanctions against China has caused global supply chain disruptions and increased operational costs for both Chinese and American companies. CSIA announcement, in Chinese ]
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