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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.
China imposed stringent export controls on two critical semiconductor materials, germanium and gallium, in 2023, a move that has since rippled through global markets.
The developers of audio chat room app Clubhouse plan to add additional encryption to prevent it from transmitting pings to servers in China, after Stanford researchers said they found vulnerabilities in its infrastructure. Voice or video traffic from non-China based users — including US users — is never routed through China.”
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
For years, founders and investors in China had little interest in open source software because it did not seem like the most viable business model. The investment, which catapults Zilliz’s to-date raise to over $53 million, is a sizable amount for any open source business around the world.
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. million) in funding on Dec.
The Chinese Uber for trucks Manbang announced Tuesday that it has raised $1.7 It was a time when China’s “sharing economy” craze began to see consolidation and shakeup. Other participants were Hillhouse Capital, GGV Capital, Lightspeed China Partners, Tencent, Jack Ma’s YF Capital and more.
Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. The $170 million raised so far came from mainly Chinese investors who have collectively begun to bet big on African startups over the past few years. billion, three times what it was worth back in 2019.
In the wake of a $300 million investment from General Motors in September, Momenta, an autonomous driving solution provider from China, announced today an additional $500 million added to its Series C round. and WeRide are among its closest rivals and have also raised a significant amount of capital.
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.” Weng realized he couldn’t simply replicate America’s direct-to-customer playbook in China. “In the U.S.,
One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. Germany, Switzerland, Scandinavia and China. Buildots raises $16M to bring computer vision to construction management.
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
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.
In total, Flutterwave has raised $225 million and is one of the few African startups to have secured more than $200 million in funding. . When the company raised its Series B, we reported that Flutterwave had processed 107 million transactions worth $5.4 African fintech firm Flutterwave raises $35M, partners with Worldpay.
Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. billion ($8.4 Bolt now has more than 100 million customers in 45 countries and 400+ cities using its services. Didi quietly divested its stake in Bolt last year.).
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…
Meanwhile countries like France, Japan , Switzerland, and China are moving light-years ahead in terms of their high-speed rail systems (the closest the U.S. However, as Fast Company has previously written, such a move could derail the providers expansion plans by raising prices for consumers and even eliminating less profitable routes.
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 Much of the top developer talent in China has gotten just as expensive as their counterparts in Western countries, observed Wang, who holds a PhD in machine learning from Princeton.
Increasing geopolitical tensions have raised concerns that countries such as Russia, China, and North Korea could target subsea cables during a military crisis. Such a thing is not unprecedented; Yemeni Houthi rebels were suspected of damaging underwater Red Sea cables responsible for 17% of global internet traffic in February.
Less than three months after announcing a $300 million Series E , Brazilian proptech QuintoAndar has raised an additional $120 million. New investors Greenoaks Capital and China’s Tencent co-led the round, which included participation from some existing backers as well. Why raise more money so soon?
In total, Alerzo has raised more than $20 million since its launch. “Growing up in Ibadan, I watched my mother operate two informal retail stores to raise my three siblings and me. The company is announcing a $10.5 million Series A round led by New York-based Nosara Capital. FJ Labs and several family offices from the U.S.,
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.
The sale would raise about $1.5 Additionally, CoreWeave’s capital-intensive business model raises questions about sustainability, adding to broader market uncertainty. CoreWeave and some existing investors had initially aimed to sell 49 million shares in the offering priced between $47 and $55 each to raise as much as $2.7
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.
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.
Katana , an enterprise resource planning (ERP) platform for small- and medium-sized manufacturers, has raised €35 million ($34 million) in a Series B round of funding. End of ‘made in China’ era. In short, the ‘made in China’ era is ending.” Katana: Inventory overview Image Credits: Katana.
Rainforest announced in May that it had raised $6.55 The company says its latest raise means it now has more than $50 million to spend on acquiring e-commerce brands. Chai said Rainforest raised only equity this time because it hasn’t finished using the debt facility it got from Accial earlier this 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.
Just half a year after leading SODA’s Series B , SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. In addition to KREAM and SODA, SoftBank Ventures Asia is also an investor in China-based sneaker trading platform Nice. The StockX EC-1.
Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. This news comes three months after The Information reported that the company was in talks to raise “up to $400 million at a $1.5
The latest round brings its total funding raised to $41.4 The research also shows that North Asian countries such as China, Japan and South Korea would account for more than 90% of chat commerce spending by 2025. Business messaging platform Gupshup raises $240 million from Tiger Global, Fidelity and others. million (3.5
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. It currently operates a team of around 400 people across China and it’s expected to reach 1,000 staff this year by hiring aggressively overseas.
Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. According to him, recent global events like Visa and Mastercard pulling out from Russia, leaving China’s UnionPay to fill in the void, have made it evident that payments are a politicized endeavor.
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. Series B round.
One of them was Singapore-based Endowus , which raised two rounds in rapid succession: a Series A in June 2021 followed just seven months later by $25.6 This time it’s $35 million with new investors, including Citi Ventures and MUFG Innovation Partners, bringing the company’s total raised so far to $95 million.
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
Today came the latest development in that story: HungryPanda , which makes a Mandarin-language app specifically targeting Chinese consumers outside of China, has raised $70 million to continue its global expansion in delivering food from Chinese restaurants and Asian grocery stores targeting the Chinese diaspora. The reasons?
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.
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.
and was already hugely popular in China): live shopping. ” This round brings the company’s total funds raised to $225 million — pretty much all of that in the last year. Whatnot raises $50M to let people sell Pokémon cards, Funko Pops and more via livestream. This round pins Whatnot’s valuation at $1.5
The company just raised a $6 million Series A round, led by Gobi Partners, Pacific Century Group and Complex China, to strengthen its foothold in the U.S. valuation in Series F raise. With that in mind, we built a platform answering to a diverse community of shoppers seeking products of different functions and price points.”.
and nearly 870 million active buyers — although recent growth has been slowing on the back of more competition and the weaker performance of China’s economy overall. China’s Pinduoduo, he said, sometimes makes as little as 0.5% “We are building a supply chain in China where we have a team ex-Wish guys.
Happeo raised $26 million to create an intranet portal for your company to connect employees with all of the apps, Kyle writes. million raise, led by Andreessen Horowitz, which ironically included three companies that all compete with one another. If it is the average, that’s about 110, according to statistics. got itself a new CFO.
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. China is also home to one of the world’s largest e-commerce and tech ecosystems. What’s different about Chinese D2C?
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