Category: shanghai

China Roundup: Beijing is tearing down the digital ‘walled gardens’

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. This week, China gets serious about breaking down the walled gardens that its internet giants have formed for decades. Two…

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Chinese lidar maker Hesai lands $300M led by Hillhouse, Xiaomi, Meituan

The rush to back lidar companies continues as more automakers and robotaxi startups include the remote sensing method in their vehicles. Latest to the investment boom is Hesai, a Shanghai-based lidar maker founded in 2014 with an office in Palo Alto. The company just raised over $300 million in a…

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Fashion wholesale marketplace Joor opens China office

Joor, an online marketplace that connects fashion brands and retailers around the world, has opened its first China office in downtown Shanghai as it eyes growth in the region. The 11-year-old New York-based company works as a virtual showroom for brands, which traditionally would meet with their retail partners in…

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Tesla will store Chinese user data locally, following Apple’s suit

The handling of user data in China has become a delicate matter for foreign tech companies operating in the country. Apple’s move to store the data of its Chinese customers in servers managed by a Chinese state-owned cloud service has stoked controversy in the West over the years. A recent…

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Facebook co-founder Saverin’s B Capital doubles down on SaaS in China

B Capital Group, the six-year-old venture capital fund formed by Facebook co-founder Eduardo Saverin and Bain Capital veteran Raj Ganguly, is doubling down on China as it looks to allocate $500 million to $1 billion of its fund into Chinese tech companies over the next few years. With $1.9 billion…

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Tesla mulls cars tailored to China amid mounting criticisms

Tesla is working on vehicles tailored to Chinese consumers as complaints about the quality of its electric vehicles send shock waves through the internet in the country. The American EV giant is mulling new products that will be designed from the ground up for China, Grace Tao, a vice president…

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