TechNode

JULY 2, 2024

US-based private equity investment firm Matrix Partners has rebranded its China arm as MPC in English, the initials of Matrix Partners China, keeping the Chinese name unchanged starting from July 1. At the same time, the firm said it would also rebrand its Indian business to DZ47. being its best-known assets.

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TechNode

MAY 6, 2024

Teslas senior vice president, Tom Zhu, a longtime head of its China operations and once deemed as the top internal candidate to replace chief executive Elon Musk, is to reprise the position as the vice president of Greater China he held until last August.

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TechNode

APRIL 19, 2024

Chinas food delivery company Meituan has appointed Senior Vice President Wang Puzhong as CEO of its new core local commerce business, marking the first time the firm has had two chief executives. Jiemian, in Chinese ]

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TechNode

OCTOBER 21, 2024

In response to a report last Friday circulating on WeChat about a security lapse in Bytedances AI department, the company issued a statement saying that an intern had this summer maliciously interfered with model training in the course of AI commercialization. The intern had been dismissed in August.

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The Verge

JULY 6, 2020

Hong Kong has traditionally enjoyed significant independence from mainland China, but the central Chinese government has tightened restrictions on speech in Hong Kong in recent months, bringing a gradual end to the “one country, two systems” principle. More recently, he’s pushed concerns about China setting the terms for online engagement.

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TechNode

OCTOBER 18, 2024

Tesla, Mobileye, Alibaba, and Didi have denied speculation that they have been involved in conducting illegal map-making activities after Chinas top security agency said it found an incident of spying in which a foreign enterprise used a local company to collect sensitive map data.

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TechCrunch

APRIL 8, 2022

China’s export-oriented e-commerce has been flourishing over the last few years as the world demands its electronics, fast fashion, sporting gear and other everyday goods. “In international payments, the fees [charged by third-party services] are traditionally opaque, and users receive little or no customized service.”

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TechNode

SEPTEMBER 4, 2024

In China in particular, cross-border e-commerce represents a significant potential revenue stream for businesses of all sizes. We’re seeing really strong innovation come out of China, whether it’s in software, gaming, all sorts of digital assets, or physical assets that Chinese businesses are looking to trade internationally.

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TechCrunch

DECEMBER 30, 2021

But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. International investors participated from pre-seed to Series E stages. A handful of local acquisitions and a monumental exit. It wasn’t a bad year, though.

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TechNode

NOVEMBER 26, 2024

The news that China and Europe are moving closer towards a potential agreement regarding electric vehicle tariffs is a very positive message for Chinese automakers to establish a more solid presence in this highly mature and strategically important market, a UBS analyst said on Monday.

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TechCrunch

MAY 16, 2022

African merchants encounter many challenges when it comes to international shipping ranging from logistics and customs to hidden and excessive charges. “The world was shutting down, but there was this high demand for stuff and demand for international shipping was going up simultaneously. and China. .

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The Verge

APRIL 17, 2022

Three Chinese astronauts, also known as taikonauts, safely returned to Earth yesterday after spending six months aboard China’s unfinished Tiangong space station, according to a report from Space.com. This is China’s second crewed mission to Tiangong and its longest so far.

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NTEN

APRIL 24, 2012

In the early years, we were working in China, Nepal, Cambodia, and Ethiopia, where we now purify water for over 200,000 kids daily. There’s another piece that, while it is a cornerstone of our organization, complicates the picture even more: we hire local talent. The children living here are our exclusive focus.

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TechNode

APRIL 8, 2024

Why it matters: The latest financial results coincide with the rising momentum of plug-in hybrid electric vehicle (PHEV) sales in China. The figures also signaled potential growing challenges for international carmakers as Chinese EV manufacturers take a stronger position at home. billion ($102.9 year-over-year.

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TechCrunch

APRIL 18, 2022

Nigeria is one such market where per Statista , local labels such as Verve, the largest domestic card scheme developed by unicorn fintech Interswitch, control more than half of the market. There are very few markets where domestic card schemes edge out the pair in Africa. Tiger Global is earning its stripes in Africa.

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TechNode

MARCH 21, 2024

million) to Chinas Hozon Auto, which could alleviate the financial pressure on the electric vehicle startup and facilitate its expansion in overseas markets. billion ($444 million) and hire 600 research staff locally over the next few years. Hong Kong will provide a subsidy of up to HK$ 200 million ($25.6

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The Verge

JULY 16, 2020

As COVID-19 cases grow around the world, multiple countries have warned of international cyberattacks directed at medical research. Once APT29 has breached its target organizations, the group “deploys custom malware. to conduct further operations in the victim’s system.”.

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TechCrunch

AUGUST 11, 2021

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. India’s ShareChat valued at $2.88

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TechNode

DECEMBER 26, 2023

The US game developer Activision Blizzard, which has recently been in discussions with several domestic game companies regarding the revival of its Chinese service after a one-year absence, has decided to re-establish collaboration with Chinese game publisher NetEase, as reported exclusively by local media outlet 36Kr.

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TechNode

FEBRUARY 20, 2024

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.

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TechCrunch

DECEMBER 23, 2021

culture and an economy based on raw materials, Aotearoa hasn’t stood out to investors in the Asia-Pacific region, especially not when they could set their sights on larger markets in China and Southeast Asia. New Zealand investors say most of the money is coming from either international (mainly U.S.

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TechCrunch

MARCH 9, 2021

The company, which also helps businesses outside Africa to expand their operations on the continent, has an impressive clientele of international companies, i ncluding Booking.com, Facebook, Flywire and Uber. In 2019, Flutterwave partnered with Visa to launch Barter and Alipay to offer digital payments between Africa and China.

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TechCrunch

AUGUST 7, 2023

Zeekr has sold over 100,000 vehicles, predominantly in China, since its launch in 2021. The young automaker has been successful in China in part due to its direct-to-consumer business model, which the company aims to bring to all its new markets. The company did not respond in time to TechCrunch’s request for more information.

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The Verge

JULY 22, 2020

Tesla was recently granted tens of millions of dollars in tax breaks from both the county in Texas where the factory will be built and from a local school district. Tesla also has a new vehicle factory outside Shanghai, China, and is building another factory outside Berlin, Germany. Construction work is “already underway,” Musk said.

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TechNode

JULY 22, 2024

Meituan is reportedly set to officially launch in Riyadh in September or October, according to Chinese media outlet NBD, as the food delivery giant looks to replicate its growth in Hong Kong and mainland China in Saudi Arabia. NBD, in Chinese ]

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TechNode

OCTOBER 17, 2024

CATL has selected Hong Kong as the base for its sixth research and development facility outside of mainland China and Germany. The opening comes one day ahead of the Hong Kong administration announcement of a HK$750 million ($97 million) budget to finance the purchase of electric vehicles by local taxi and bus fleets.

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The Verge

JUNE 29, 2020

The Geneva Motor Show was the first major automotive event to be canceled outside of China earlier this year, with organizers pulling the plug about two weeks before the World Health Organization officially declared the COVID-19 outbreak a pandemic. The show itself is also now up for sale. The Canton of Geneva offered a loan of 16.8

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TechNode

JUNE 5, 2024

Chinas Semiconductor Manufacturing International Corporation (SMIC) has been increasing efforts to adopt domestic semiconductor manufacturing equipment, as China strives to end its dependence on US chip-making technology, The Wall Street Journal reported on Monday. The Wall Street Journal ]

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The Verge

SEPTEMBER 9, 2021

Riot Games revealed the news today , following the August announcement that the event would be moved from China to Europe. Reykjavík was also this year’s location for League ’s other big international tournament, the Mid-Season Invitational , which took place in May. The event kicks off on October 5th and will conclude on November 6th.

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TechNode

NOVEMBER 20, 2024

19, offering Chinese consumers access to more than 400,000 international products from 12,000 brands. Amazon first entered China in 2004 by acquiring Joyo.com, a books and media retailer. However, facing stiff competition from local giants Alibaba and JD.com, Amazon began scaling back operations in China in 2019.

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TechCrunch

OCTOBER 7, 2021

Analysts say the value of e-commerce in Africa is expected to reach $29 billion next year, yet Africans still find it difficult to make international payments for products online. Klasha Checkout, which works a lot like Checkout , allows international merchants to collect payments from Africa in local currencies.

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TechCrunch

JUNE 8, 2022

The dynamics that play into this forecast, aside from the impact of COVID, include a youthful population (the youngest globally), rising smartphone adoption and internet penetration that has led to a burgeoning tech ecosystem backed by local and international VC dollars. Image Credits: Crunchbase/Endeavor.

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TechNode

OCTOBER 26, 2023

Since its inception in 2011, the CHINABANG Awards has been dedicated to identifying and nurturing the power of innovation in China. me, WeChat, and the Little Red Book evolved from humble beginnings to iconic symbols of China’s innovation landscape.

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TechCrunch

SEPTEMBER 12, 2022

Will China’s coronavirus-related trends shape the future for American VCs? Local payment methods account for 68% of online sales, and, depending on the region and merchant networks, merchants must integrate dozens of payment service providers. More posts by this contributor.

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TechCrunch

OCTOBER 19, 2021

That’s especially true in the massive mobile game market in China, but the country’s strict regulatory requirements have given pause to international game developers looking to enter. What we can learn from China’s mobile gaming economy. But it seems there’s no slowing the thrust of VC investment in China.

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TechNode

JULY 23, 2024

Alibabas China-focused marketplace Taobao has joined the wave of Chinese e-commerce platforms launching cross-border operations with a plan to ship clothing globally for free. Context: Taobao sells items from numerous local clothing brands that its domestic rivals have no access to.

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TechCrunch

APRIL 7, 2021

ShareChat said on Thursday it has raised a new financing round that values it at over $2 billion, joining four other local startups in attaining the unicorn status this week. The Indian social network said it has raised $502 million in a new financing round — Series E — led by Tiger Global that valued ShareChat at $2.1

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