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The buzzy new tech will be available next month in BYD's flashy new Han L sedan. 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. In 2023, China exported 1.7
As the trade war between China and the US rages on, the Chinese government is doing everything in its power to prop up the local techindustry. Flagship chinese companies like Huawei no longer get access to American silicon or the software required for their products.
In an expansive study of Chinas fast-paced restaurant industry, my colleagues and I found that leaders who cultivate trust can significantly reduce employee churn and improve organizational performance. Understanding the impact In China, as in the U.S., As an economist , I know theres a lot of research proving this point.
The Chinese government’s crackdown on its domestic technology industry continues, with Tencent under fresh pressure despite the company’s efforts to follow changing regulatory expectations. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.
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’s energy and auto giant BYD has announced an ultrafast EV charging system that it says is nearly as quick as a fill up at the pumps. It plans to build more than 4,000 of the new charging stations across China. BYD’s news appeared to give Tesla a jolt on Monday, as the U.S. BYD reported it made just over 4.3
The rumored changes to US sanctions on tech exports proved accurate this week when the Department Bureau of Industry and Security (BIS) updated its list of export controls on semiconductor manufacturing items and advanced chips to China and other countries. Read Entire Article
Following news this week that the US could tighten its sanctions on tech exports to China, the Department Bureau of Industry and Security (BIS) has now updated its list of export controls on semiconductor manufacturing items and advanced chips. Read Entire Article
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.
The rest of Asia has risen in importance If I were starting a tech website in 2011, I would probably have wanted to hire someone in Japan, which was at the time the undisputed home of gadgets — floating bathtub TVs, widespread NFC use, robot dogs, and so on. It’s a little sad to say so, but Japan isn’t the force in consumer tech it once was.
IPO is one of several key moments of the recent regulatory shift inside China regarding its leading technology companies. Bloomberg reports that China is considering removing the VIE loophole that allowed Chinese companies to list in the United States, closing a method by which local companies could access foreign capital.
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25
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.
Lidar, which works by firing laser beams to capture a cars surroundings in three dimensions as a way to assess its environment, is widely used in the autonomous vehicle industry because it provides precise depth perception, even in poor visibility conditions. Coyotes plans to catch the Road Runner.
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.
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. It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo.
The Bureau of Industry and Security (BIS) tightened restrictions on tech exports to China in October, adding the H800, A800, and RTX 4090 to the list of banned products. Read Entire Article
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. It currently has a team of 78 people, based in mainland China, the United States and Singapore, and expects to increase its headcount to 100 this year.
Amit Anand is a founding partner of Jungle Ventures and an early pioneer and leader in the development of Southeast Asia’s venture capital industry. It remains at a relatively nascent phase expansion in the technology industry but is at the same time developed enough to have a 400-million-strong internet user base.
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 Series E+ from investors including Alibaba Group.
Among Gen Z, theres a certain nihilism about Chinas access to American data. Others say that, if American billionaires can access their data, why not let China, too? Chinas threat to our data security is difficult to comprehend. So why would we care about China having that data too? government.
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. Direct Access to Industry Leaders Beyond financing, FAFP offers a unique opportunity to engage with industry leaders and tech experts, gaining valuable insights and strategic advice.
a joint venture between Toyota China and GAC, a Chinese state-owned automaker. Going forward, Toyota says it’ll give Pony an unspecified number of its EVs, while Pony will outfit them with autonomous-driving tech and the firm’s “robotaxi network platform.” Yet, around the same time, Pony claimed to be worth $8.5
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?
Packaging sounds archaic and pretty removed from tech — and it is, which is why there aren’t many competitors for Pacdora — yet. 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.
TechNode, as the first independent English-language media focusing on China’s technology and innovation, has become an important window into China’s technology in the international technology arena over the past decade. Over the past 15 years, the world and China’s technology sector have greatly changed.
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.
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. In November, Nvidia replaced Intel on the Dow Jones Industrial Average.
Shares of Chinese technology companies are selling off at home and abroad this week as the nation’s ties to Russia add to investor uncertainty at the expense of China’s techindustry. On the historical declines point, the NASDAQ Golden Dragon China Index tracks the value of U.S.-listed
China’s autonomous vehicle industry first started seeing some traction around 2016, when a bunch of ambitious startups mushroomed following advances in lidar, computing and machine learning. Regardless, these founders’ ambitions kept them on the path, and the industry is finally seeing a resurgence in China.
The technology has been around for years and has seen success in China. The Mazda EZ-6, an EREV currently available in China, boasts a total range of more than 800 miles with both its battery and gas engine, for example. EREVs have been available in China for years, and sales there have been picking up speed.
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. by Alex Wilhelm originally published on TechCrunch.
This is an interesting day when we see two of China’s major robotaxi foes come together, offering a clue to how the industry is evolving in the country. As autonomous driving technology and regulations advance rapidly in China, ride-hailing platforms start looking for solutions to cut labor costs.
According to new rumors coming from Washington, the US Government is ready to further increase its pressure on China's high-techindustry. The US Commerce Department is seemingly preparing new, high-profile additions to its infamous Entity List, making the companies involved unable to obtain US-made technology and components.
Global premiums initially shrank, but research by Swiss Re predicts the insurance industry will recover by next year, led by demand in China. Coherent will focus on China and emerging markets in Asia.
China’s technology industry. Since the Ant IPO was pulled and the Chinese Communist Party executed off a flat-wild period of regulatory action in 2021, you have probably heard less about China’s technology. February 2022: No reversal on China’stech crackdown in sight as Xi calls for more work on laws.
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.
The Chinese government took on entire industries like edtech while also coming down on individual companies (Tencent, Meituan) in a broad effort to change the country’s technology landscape. The NASDAQ Golden Dragon China Index , for example, which tracks U.S.-listed The sum of the financial damage is easy to understand.
Lilium, a German aviation firm backed by Chinese tech giant Tencent, said on Monday it has established its regional headquarters in Chinas southern city of Shenzhen as part of a collaboration agreement with the government of the citys Baoan district.
It also features steer-by-wire technology, which also increases design flexibility and is not yet widely adopted in the industry. News of Apple’s interest in Canoo comes as Reuters reports that the tech company is negotiating with Hyundai to make a self-driving electric vehicle as early as 2024. Ultimately, the talks fell apart.
The Chinatech crackdown continues. Beijing filed a civil suit against Tencent over claims that its WeChat Youth Mode flouts laws protecting minors, and state media criticized the gaming industry as the digital equivalent of passing out drugs to kids, Alex Wilhelm writes in The Exchange. The Chinatech crackdown continues.
Since the Ant Group IPO was canceled by central authorities , China’s government has been on a regulatory tear. You know the broad outlines: After a lengthy period of growth, capital investment and aggressive business practices, China’s central government spent much of 2021 reining in its technology sector.
Note:The article was first published on TechNode China written byPenghui Li and translated by Zinan Zhang and Jake Newby. Attempting to summarize the current state of the international techindustry is a tricky business. Zhao Bingbing, Chief Representative of Greater China at London & Partners.
Chinas 21st Century Business Herald reported the move, without giving further details. In China, BYD announced a recruitment drive for its Embodied Intelligent Research Team last month, a year after investing in Shanghai-based software and robotics startup Agibot.
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