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China's export restrictions on critical semiconductor materials shake global markets

TechSpot

China imposed stringent export controls on two critical semiconductor materials, germanium and gallium, in 2023, a move that has since rippled through global markets.

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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.

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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. Tiger Global is earning its stripes in Africa.

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Chinese online education app Zuoyebang raises $1.6 billion from investors including Alibaba

TechCrunch

The rivalry between China’s top online learning apps has become even more intense this year because of the COVID-19 pandemic. The latest company to score a significant funding round is Zuoyebang , which announced toda y (link in Chinese) that it has raised a $1.6 The latest financing brings Zuoyebang’s total raised so far to $2.93

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Global investors flee from Chinese tech stocks after the government crackdown on Ant and Alibaba

TechCrunch

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.

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India’s EMotorad rides high with $20M investment for global e-bike push

TechCrunch

EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets. The three-year-old startup has raised more than $22.5

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Graphics card prices on the rise in China as demand surpasses supply, could impact global markets

TechSpot

China has seen its high-end Nvidia RTX 4080 and RTX 4090 D prices increase recently, writes IT Home. Citing reports in the Taiwanese media, it adds that this trend has now spread to other products further down Nvidia's card hierarchy, with add-in board partners set to raise prices by around 10% on average. Read Entire Article

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