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The buzzy new tech will be available next month in BYD's flashy new Han L sedan. Since announcing the Han L, BYD's market value has skyrocketed. Tesla's stock, meanwhile, crashed by 4 percent just on premarket trading alone, thanks to tumbling sales in China , Cybertruck quality issues , and the BYD charging race.
The memoir paints a grossly unflattering picture of the tech giant, including allegations of sexual harassment and claims that Facebook ignored internal concerns about its impact on democracy and human rights. Specifically, Meta alleges that Wynn-Williams violated the non-disparagement agreement she signed as an employee.
Located in Wuhan’s East Lake High-Tech District, the facility broke ground in November 2024. China Construction Third Engineering Bureau, a state-owned construction contractor, recently announced the project’s main structure was capped in just 80 days.
Enter China's Tecno, which brought the world's thinnest smartphone (according to Tecno) to the Mobile World Congress (MWC) in Barcelona: the Spark Slim. I've spent just a small amount of time with it, but it seemed polished enough to me, so I wouldn't be surprised if it actually did hit the market at some point.
The Exchange spent a little time on Friday ruminating on the impact of then-rumored regulation in China targeting its edtech sector. News that the Chinese government intended to crack down further on the education technology market hit shares of public, China-based edtech companies. It was a mess. But there’s more.
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.
In China, it starts at 529,900 RMB ($72,750), which sounds very, very reasonable for a car like this. As for availability, the car is now available in China; we're not sure when it'll become available in other markets. Perhaps the most notable aspect of the Xiaomi SU7 Ultra is the price.
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.
The Exchange explores startups, markets and money. The latest spate of bad news for China’s technology industry follows a raft of regulatory changes and actions by the nation’s government that have deleted an enormous quantity of equity value. Uncertain regulations, per Reuters. Gaming is also in the CCP crosshairs.
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. billion) in 2024, dragging its shares on the Nasdaq down more than 4% as of market close on March 14.
The tech world and Wall Street will certainly be interested in Huang's keynote. The sudden rise of China's AI startup DeepSeek sparked a sharp fall in Nvidia's share price at the beginning of this year. The company's plans moving forward could certainly inspire a rise or fall amid that shift in the market.
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and me here. Ever wake up to just a massive wall of news?
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? The Exchange explores startups, markets and money. Other factors played into China’s slowing economic growth.
This is technically the third generation of the technology Xiaomi has developed, the company says, although the first and second versions it produced have yet to find their way into a mass-market consumer device. A diagram from Xiaomi shows how its new under-display tech compares to other versions. Image: Xiaomi.
Before you hire a marketing consultant who doesn’t understand your products or commit to a CMO who has several years of experience — but none in your sector — consider influencer marketing. According to Uber growth marketing manager Jonathan Martinez: “ … You don’t need to find influencers with millions of followers.
LGBTQ dating app Grindr has been removed from the Apple App Store in China, and is also unavailable on popular Android app marketplaces, Bloomberg reports. The tightening of restrictions comes ahead of China hosting the Winter Olympics in Beijing, which are due to kick off later this week. Illustration by Alex Castro / The Verge.
But China and the United States are far from the only technology markets with developed startup and incumbent cohorts, strong venture capital activity, and capital markets able to translate early-stage ideas into public companies. China issue. China issue. The Exchange explores startups, markets and money.
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 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.
The startup market is having a moment around the world, but few regions can brag as much as Europe when it comes to venture capital investment. The Exchange explores startups, markets and money. Let’s explore what data says about the first half of 2021 in Europe’s startup market, and what its in-crowd expects for the rest of the year.
The Exchange explores startups, markets and money. 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.
WritePath make the process faster and scalable by combining its AI tech with human translators. The Taipei-based startup’s clients include Foxconn, ASUS, China Airline, the Taiwan Stock Exchange and Taiwan Mobile. The company’s platform combines tech like Warren, its in-house machine translation engine, with human translators.
Mikal is an early-stage investor at Wavemaker Partners investing in startups across North America, MENA and Asia and author of the newsletter Emergent , analyzing one fast-growing startup in an emerging market every week. Pakistan, the world’s fifth most populous country, has been slow to adapt to the internet economy.
Clothing, electronics, toys, automobiles, musical instruments, furniture — you name it and you’ll find a manufacturer in China who can turn your intangible concept into mass-manufacturable reality in mere days. It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo.
China accounts for a quarter of Intel’s global revenue. Intel has issued an apology to partners and customers in China after it told local suppliers it would not be using labor or goods sourced from the country’s Xinjiang region. This normally-procedural note caused a backlash in China.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’s tech universe only comprises similar companies. Unsurprisingly, tech startup growth is booming as well.
Maybe it is a stock market bubble, or a tech-stock bubble at least. You know what the market will bear once it moves to retail investors. As for the capital-raising event, I think it’s hard for the bankers to know where it will land with the broader market, so I’m not as negative as maybe some others. Subscribe here.
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. Nvidia kicked off the AI race by providing the computing power with its market-dominating graphics processing units (GPUs). Gemini 2.0
In 2023, layoffs have yet again cost tens of thousands of tech workers their jobs; this time, the workforce reductions have been driven by the biggest names in tech like Google , Amazon , Microsoft , Yahoo and Zoom. Last year’s techwide reckoning continues. If you have a tip on a layoff, contact us here. of its workforce.
The round, which marks the Fund’s first investment in an African startup, drew participation from existing investors like Sequoia Capital China, Redpoint China, Source Code Capital, and Softbank Ventures Asia. The company plays in an extremely competitive fintech market. The same can be said for the continent as a whole.
Shares of Delhivery hit an all-time low of 317 Indian rupees ($3.88) Wednesday, cutting its market cap to $2.8 At the current share price, Delhivery’s market cap has shrunk to $2.8 Delhivery is among a handful of Indian tech startups that has listed in the past one and a half years. million this week.
Tesla is being forced to change the name of its so-called "Full Self-Driving" driver assistance feature in China. The news comes days after the carmaker abruptly suspended a free trial of its infamous software in China. However, Tesla still uses both monikers in its marketing materials in the US and many other parts of the world.
Coherent Connect is a social media marketing campaign manager; Coherent Explainer is a sales tool for breaking down quotes; and Coherent Flow allows agents to sell policies to customers remotely with features like video chat and electronic signatures. Coherent will focus on China and emerging markets in Asia.
was faring during the global venture capital market slowdown. Roe reversal weighs heavily on emerging tech cities in red states. As founder of the Atlanta-based tech startup Nile, she spent 3 years scaling the platform, which connects consumers to Black online businesses. “As Big Tech Inc. I’m so tired.”.
News that China’s government may force domestic tutoring-focused companies to go nonprofit is taking a huge bite out of the value of several technology companies. billion market cap for TAL ahead of its impending declines at the market open, billions of equity value are about to get deleted.
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here. It’s a pretty important cycle.
The move comes amid a larger reset of relations between China’s burgeoning technology sector and its autocratic government. The Exchange explores startups, markets and money. Similar data-rich tech shops in the country have come under increased scrutiny as well. And there is effort inside the U.S.
The capital will be used on Gogoro’s expansion in China, India and Southeast Asia and further development of its tech ecosystem. The capital will be used on Gogoro’s expansion in China, India and Southeast Asia and further development of its tech ecosystem.
The German luxury carmaker expects the long-awaited, China-made sportback, renamed A5L and equipped with assisted driving technologies from Huawei, to offer consumers in China ample cabin space, Chinese media outlet Mingjing Pro reported. meters in length, company sources told National Business Daily.
In 2023, layoffs have yet again cost tens of thousands of tech workers their jobs; this time, the workforce reductions have been driven by the biggest names in tech like Google , Amazon , Microsoft , Yahoo and Zoom. Last year’s techwide reckoning continues. If you have a tip on a layoff, contact us here. of its workforce.
Huawei, the embattled Chinese tech giant that continues to be the target of strict US sanctions, has announced that its flagship P50 Pro and foldable P50 Pocket will be sold outside of China. The P50 Pro will cost €1,199 (around $1,353), while the P50 Pocket will start at €1,299 (around $1,466).
Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. Global Goods Partners have partnered with over 60 artisan groups in more than 20 countries throughout Asia, Africa, and the Americas to help bring to market the fair trade, handcrafted products they produce.
In 2023, layoffs have yet again cost tens of thousands of tech workers their jobs; this time, the workforce reductions have been driven by the biggest names in tech like Google , Amazon , Microsoft , Yahoo and Zoom. of total employees, and will phase out its local jobs app in China. Last year’s techwide reckoning continues.
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