Tag: china
As contactless menu ordering becomes the norm amid COVID, China pushes back
Digital ordering and paying at restaurants was already gaining much ground in China before the COVID-19 pandemic hit. The tap-to-order method on a smartphone is part of the greater development in China where cash and physical documentation is increasingly being phased out. Many restaurants across large cities go as far…
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Battery companies are the latest SPAC target as EVs get a huge regulatory boost
Batteries are the latest landing pad for investors. In the past week alone, two companies have announced plans to become publicly traded companies by merging with special purpose acquisition companies. European battery manufacturer FREYR said Friday it would become a publicly traded company through a special purpose acquisition vehicle with…
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New rule reins in China’s flourishing self-publishing space
Despite China’s history of stringent media control, an industry of uninstitutionalized, individual publishers has managed to flourish on social media platforms like Tencent’s WeChat and ByteDance’s Toutiao. These self-publishers are called “We Media” in the Chinese internet lexicon, denoting the independent power of citizen journalists and content creators. Meanwhile, self-publishers…
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Driverless robotaxis are now available for public rides in China
After lots of tests, it’s now possible to hail a truly driverless robotaxi in China. AutoX has become the first in the country to offer public rides in autonomous vehicles without safety drivers. You’ll need to sign up for a pilot program in Shenzhen… Source
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Huawei’s struggles hurt overall smartphone shipments in China, but rivals like Apple found new opportunities
The impact of United States government sanctions on Huawei is continuing to hurt the company and dampen overall smartphone shipments in China, where it is the largest smartphone vendor, according to a new report by Canalys. But Huawei’s decline also opens new opportunities for its main rivals, including Apple. Canalys…
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Hong Kong startup ICW eyes supply chain diversification demand amid trade war
For American importers, finding suppliers these days can be challenging not only due to COVID-19 travel restrictions. The U.S. government’s entity list designations, human rights-related sanctions, among other trade blacklists targeting Chinese firms have also rattled U.S. supply chains. One young company called International Compliance Workshop, or ICW, is determined…
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