IDG Capital
Shein has shown the world how combining social media marketing, data analytics and China’s well-oiled supply chain has created a $100 billion fast-fashion behemoth. Its success naturally spawns imitators and…
BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the country’s…
China’s Tesla challenger XPeng isn’t content with just making electric vehicles. It’s also betting on ridable robot unicorns for kids. XPeng Robotics, a bionic robot maker affiliated with XPeng, just…
The investment game going after automotive startups is getting more competitive in China with not only established venture capital firms joining the fray but also industry veterans. Two mobility-focused funds…
Albertsons sets off Firework’s livestream, shoppable video experience on website
Albertsons is the first U.S. grocer to utilize Firework’s platform to create, host and curate its own short-form and livestream video to improve customer engagement.
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Despite…
Edtech entrepreneurs are using their moment in the sun to rethink the structures and impact of nearly every aspect of modern-day learning, from the art of testing to the reality…
As the autonomous driving race in China heats up, Didi is rushing to expand its car fleets by picking Swedish automaker Volvo, an old partner of Uber, as its ally.…
What if we no longer needed cameras to make videos and can instead generate them through a few lines of coding? Advances in machine learning are turning the idea into…
The popular news app News Break is announcing that it has raised $115 million in new funding. The press release claims this round makes News Break “one of the first…
Once known for its affordable smartphones, Xiaomi has in recent years been transforming itself into an online mall for consumer electronics by making deals and building relationships with hundreds of…
Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored…
Beijing Eswin Computing Technology, a Chinese startup that supplies semiconductor designs and solutions, has raised $283 million in a new financing round at a time when the world’s most populous…
Meet News Break, the news app trending in America founded by a Chinese media veteran
TikTok isn’t the only new media app with a Chinese background that’s making waves in the U.S. News Break, a news app founded by China’s media veteran Jeff Zheng, with…
The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19
Hi, and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages travel from Point A to Point B. I’m your host Kirsten Korosec,…
In this week’s newsletter: China’s pivot to Africa, another big scooter funding and a new entry to the unicorn club.
Africa-focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the…
A fleet of electric, autonomous Hyundai Kona crossovers — equipped with a self-driving system from Chinese autonomous startup Pony.ai and Via’s ride-hailing platform, will start shuttling customers on public roads…
Club Factory, a Chinese e-commerce platform that sells fashion and beauty items and electronics accessories, has raised $100 million in a new financing round as it looks to expand its…
There’s been a heap of China in Africa coverage over the last decade, but very little of it is focused on tech. In part, because the country’s engagement with African…
In July, French television company Canal+ acquired the ROK film studio from VOD company IROKOtv. Canal+ would not disclose the acquisition price, but confirmed there was a cash component of the…
OPay, an Africa-focused mobile payments startup founded by Norwegian browser company Opera, has raised $50 million in funding. Lead investors include Sequoia China, IDG Capital and Source Code Capital. Opera…
There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to…
Besides churning out video games for China’s young generations, Tencent has also been attuned to the needs of silver-haired users: its latest bet is an app that teaches middle-age and…
Crypto has a new unicorn after exchange Liquid announced today it has raised capital from investors at a valuation of more than $1 billion as it goes after expansion opportunities.…
Academic exams are a big deal in China, as they determine the kind of universities, high schools and elementary schools that students get into and, to some degree, the future…
I’ve said it before but I’ll say it again: One of the biggest trends in crypto this year is companies raising money the old-fashioned way — through venture capitalists. Hot…
Featured Article
China is funding the future of American biotech
Silicon Valley is in the midst of a health craze, and it is being driven by “Eastern” medicine. It’s been a record year for US medical investing, but investors in Beijing and Shanghai are now increasingly leading the largest deals for US life science and biotech companies. In fact, Chinese venture…
imToken, which claims to be the world’s largest Ethereum wallet, will focus on expanding in Asia and the United States after raising a $10 million Series A from IDG Capital,…
