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US tariff hikes affecting China, and Chinas reciprocal tariff measures, could impact import costs of Apples iPhones. Analysts at Rosenblatt Securities predict that Apple may raise iPhone and Apple Watch prices by as much as 43%. If Apple is unable to offset these costs through other means, it may pass some on to consumers.
Chinese AI startup Zhipu announced today that it has raised over RMB 1 billion ($140 million) in a new strategic funding round. It also marks the first funding round this year among China’s so-called “ six AI tigers ,” a group of emerging large-model startups. million) in funding on Dec. 17, 2024.
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
Nowports , an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding. The investment brings Nowports’ total raised since its 2018 inception to over $24 million. Nowports raises $5.3 million to become Latin America’s digital shipping answer to Flexport.
One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. There is no more blaming or cutting corners because the system validates that and also makes construction a healthier industry to work in.”. Germany, Switzerland, Scandinavia and China.
SoftBank has picked its bet in China’s flourishing industrial robotics space. The startup, based in Shenzhen where it went through SOSV’s HAX hardware accelerator program, secured three financing rounds during 2020 as businesses and investors embraced industrial automation to minimize human contact.
Profet AI , a Taiwanese startup that makes auto machine learning software for manufacturers, announced today it has raised $5.6 The funding will be used on Profet AI’s expansion in Japan, Southeast Asia and China, with plans to sign joint ventures with overseas partners. million in Series A funding. Smartex sews up $24.7M
Like many overseas Chinese, Derek Weng gets shopping requests from his family and friends whenever he returns to China. Many in China still uphold the belief that “imported products are better.” the Chinese internet saw drastic changes and gave rise to an industry largely in the grip of Alibaba and Tencent.
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings.
DigiTimes Asia (via NotebookCheck) writes that the Covid-19 lockdowns in China and Russia's invasion of Ukraine have led to increased manufacturing costs, supply chain issues, and logistical problems for laptop makers. As such, they are "mulling raising their prices to reflect rising logistics and other costs in the second half.
No, some funds are bucking the downturn by raising new, huge venture vehicles to invest in markets that don’t appear healthy from an outsider’s perspective. That makes recent funds from Sequoia Capital China and a16z all the more interesting to talk about. Briefly, the news: Sequoia Capital China is raising a huge new fund.
ImToken , the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Ethereum wallet imToken raises $10M Series A from IDG to expand in the US, Asia and Africa. Crypto boom continues as Chainalysis raises $100M, doubles valuation to over $2B.
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.
Boat, an electronics and lifestyle startup in India, has raised $100 million in a new financing round that many independent investors termed as the most successful hardware startup story in the world’s second-largest internet market. Among those that do exist, very few have been able to raise much money. More to follow…
Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. The round was led by Sequoia Capital China, with participation from Hillhouse Capital and Shunwei Capital. All three are returning investors.
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.
China is looking beyond natural resources; in Israel, Chinese companies are finding the technological advantage and innovative spirit that can help them compete in their domestic market and ultimately become dominant global players. In fact, Israeli VCs are increasingly viewing China as their main source of capital. billion in 2030.
TuSimple has raised $648 million since its founding in 2015. TuSimple was one of the first autonomous trucking startups to emerge in what has become a small, yet bustling industry that now includes Aurora, Embark, Ike, Kodiak and Waymo. (Last month, Traton, which already held a 16.6% The company declined to comment. .
Industrial robotics has in recent years become one of the hottest tech sectors in China as the country encourages the use of advanced technology to enhance efficiency on the production floor. China roundup: Keep down internet upstarts, cultivate hard tech. and Hungary.
At the time, he also realized traditional industries were well underserved compared to the attention that internet platforms like short videos and news apps received from AI entrepreneurs. Other investors include VMS Group from Hong Kong, Chinese private equity firm Youshan Capital, as well as existing investors Lightspeed China and U.S.-based
China is preparing to launch a substantial state-backed investment fund for its semiconductor industry, aiming to raise approximately RMB 300 billion ($41 billion), according to a September 5 report by Reuters. Reuters ]
a joint venture between Toyota China and GAC, a Chinese state-owned automaker. ” Without context, $139 million may sound like a lot, but Pony has raised more than a billion dollars since its founding in 2016. The investment follows Toyota’s move to pump about $400 million into Pony back in 2020.
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.
Just half a year after leading SODA’s Series B , SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. SODA said that the deal means its share of Japan’s sneaker resale industry is now 80%, making it the market leader by far. million monthly users. The StockX EC-1.
Indonesia-based eFishery announced today that it has raised what it claims is the largest round of funding by an aquaculture tech startup in the world. The funds will be used to scale up eFishery’s platform and expand into the top 10 countries for aquaculture, including China and India.
In November last year, digital freight forwarder Forto raised another $50 million in a round led by Inven Capital. In April this year, Nuvocargo raised $12 million to digitize the freight logistics industry. In May, Zencargo, with a freight-forwarding platform, raised $42 million. which has raised $9.5 million.
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.
To help accelerate its own vision, Gembah has raised an $11 million Series A, led by local firm ATX Venture Partners along with Silverton, Flexport, Brett Hurt, Jim Curry and Dan Graham. It’s impressive growth in the face of some major supply chain issues that have impacted the industry during the past year and a half.
With the investment, the company will build a “quality-assured” manufacturing marketplace, as well as mirrored servers in China to open access to its hardware capital, Shenzhen. Wikifactory is available in four languages right now and is set to expand to 20 after it raises a Series A funding round next year.
Cocos Technologies, a China-based game engine provider that has been around since 2010, just announced it has picked up $50 million in a Series B funding round in a bid to work on development and move beyond games. “The progression of mini games is a revolution in China,” suggested Stapley. The mini game renaissance.
AutoX, a four-year-old startup backed by Alibaba, MediaTek and Shanghai Motors, is deploying a fleet of 25 unmanned vehicles in downtown Shenzhen, marking the first time any autonomous driving car in China tests on public roads without safety drivers or remote operators. AutoX itself, for instance, has raised more than $160 million to date.
Silicon Valley was once one of the most productive regions in the country for the defense industry, churning out chips and technologies that helped the United States overtake the Soviet Union during the Cold War. I last chatted with the company just as it was debuting in late 2019 , having raised a $4.5 million seed.
Amber Group, a Hong Kong-based cryptocurrency trading startup, said on Monday it has raised $100 million in a Series B funding round at a pre-money valuation of $1 billion. Critics have long been wary of the crypto industry’s environmental costs. ” He’s also optimistic about where the field is headed.
VerSe Innovation, the parent firm of popular news aggregator Dailyhunt and short video app Josh, said on Thursday it has raised over $450 million in a new financing round, just five months after securing $200 million , as the Indian startup looks to expand its offerings to international markets.
All Raise’s new CEO : The work of diversifying the venture capital market is far from over, and one group working to move the needle not only has plans to change the industry — but also her own team. What is this, 2021? Nope, just the latest capital infusion for the no-code website company.
The AI industry hit a significant bend in the road toward artificial general intelligence in 2024. And all the while a small AI lab in China was quietly developing new AI models, including reasoning models, that would begin sending shockwaves through the AI industry by the end of 2024.
And now, the early-stage VC firm is announcing its largest fund closures to date: Kaszek Ventures V, a $475 million early-stage fund, believed to be the largest vehicle of its kind ever raised in the region, and Kaszek Ventures Opportunity II, a $525 million for later-stage investments.
Its customers — there are over 250 of them, up from 100 a year ago — operate across two-dozen industries (including process plants, oil & gas, steel, aerospace, medical devices, apparel and luxury goods) in the infrastructure space, and approach Zetwerk with digital designs they wish to be translated into physical products.
It’s now raised a $3 million seed round led by Fly Ventures and solar entrepreneur Nick Boyle, while previous investor Metavallon VC is also participating. Tech investors see bugs as a big business as Ÿnsect raises $125 million. Food waste is also the third-largest emitter of greenhouse gas (GHG) after the US and China.
The startup has raised $150 million, a Series D round of funding that values the company at over $1.4 The round comes less than a year after its previous round — a $65 million Series C that it raised last April. “We are preparing to scale to meet all of the digital opportunities in the food hospitality industry.”
Microsoft, Google, and Qualcomm have been raising concerns to regulators about Nvidia’s Arm acquisition , according to reports by CNBC and Bloomberg. The companies have approached regulators in the US, EU, UK, and China, reportedly with concerns that Nvidia could change how Arm licenses out its chipmaking technology.
The bans are coming down over concerns that China-based TikTok can be used to spy on its users. Christine and Haje The TechCrunch Top 3 Raise the roof : Continuing to work remotely in 2023 remains a hotly contested issue in today’s workplaces. The venture firm, one of Bain’s 11 financial divisions, has raised $1.9 Still with us?
China’s central government is set to raise the threshold for the exemption of new energy vehicles (NEVs) from purchase taxes in June, introducing changes such as higher driving ranges for battery electric vehicles.
China is becoming a superpower in the tech industry. According to Straits Times , China is the only place in the world where it takes less than six years for a startup to become a unicorn — it takes seven years in the U.S., Despite geopolitical tensions and recent amendments in CFIUS, it is hard to ignore China.
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