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Edtech’s venture-backed globalization pauses at China

TechCrunch

are increasingly going global, but recent regulatory crackdowns in China , which instructed local K-12 tutoring startups to go nonprofit, have led to a chill among check-writers looking at the country. based investors often cited China as validation of the opportunity for direct-to-consumer businesses in the K-12 world.

China 99
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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The most popular card schemes globally are Union Pay, Visa, and Mastercard. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API.

Issue 137
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China’s JD.com pilots cross-border platform Joybuy in London as it takes on Temu in UK’s $163 billion e-commerce market

TechNode

Why it matters: JD.com began its globalization journey early, but has struggled to secure a leading position due to a lack of strategic focus. The move signals JDs ambitions to capture a slice of the UKs 127 billion ($163 billion) retail e-commerce market in 2024 the third-largest globally.

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The changing face of MNCs in China: Chinese local for global 

TechNode

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.

China 52
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China: The future memory powerhouse?

TechNode

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.

China 85
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Benetech & Human Rights in China

Beneblog: Technology Meets Society

The Mercury News ran a great story and quoted Peggy Gibbs, one of our execs: Old problems, new solutions : The Tech Museum Awards also provide a venue for many local foundations and non-profits to seek out new ideas and partners. The Tech Awards yesterday were a blast. Benetech is a past finalist for the Tech Museum Awards.

China 100
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Li Auto says it will push for “major overseas growth” this year

TechNode

Chinas Li Auto has established after-sales and service centers in several Middle Eastern countries and set up an independent department to oversee its efforts to boost its international expansion. The management did not provide an annual outlook, but local media reported it aims to sell 700,000 vehicles this year, a jump of 40% from 2024.