Tag: ant group
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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This Week in Apps: In-app events hit the App Store, TikTok tries Stories, Apple reveals new child safety plan
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using…
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China’s regulatory crackdown is good news for startups aligned with CCP goals
But central planning will tilt business away from certain areas of investment Alex Wilhelm 7 hours Watching the Chinese technology sector over the last week has been a fascinating exercise. The Chinese government took on entire industries like edtech while also coming down on individual companies (Tencent, Meituan) in a…
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China’s expected edtech clampdown may chill a key startup sector
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. Bloomberg notes that the value of companies like New Oriental Education & Technology Group and TAL Education are tumbling in light of the news, which…
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Chinese cybersecurity probe validates Didi’s pre-IPO warning to investors
Regulators ordered the ride-hailing company to stop signing up new customers Alex Wilhelm 7 hours Shares of Chinese ride-hailing provider Didi are sharply lower this morning after news broke that its domestic regulators are investigating the newly public company. A loose translation of the probe’s official notice indicates that the…
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China’s e-commerce giant JD.com starts paying some staff in digital yuan
China’s plan to introduce its digital currency is getting a lot of help from its tech conglomerates. JD.com, a major Chinese online retailer that competes with Alibaba, said Monday that it has started paying some staff in digital yuan, the virtual version of the country’s physical currency. China has been…
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