Tag: china
China Roundup: SoftBank leads Didi’s $500M round and Meituan crosses $100B valuation
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. Last week, we had a barrage of news ranging from SoftBank’s latest bet on China’s autonomous driving sector to Chinese…
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China’s giant radio telescope will start searching for aliens in September
China will soon make a significant contribution to the search for extraterrestrial life. State media outlet Science and Technology Daily (via ChinaTechCity) says the country’s Five-hundred-meter Aperture Spherical Telescope, or FAST, will begin looki… Source
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SoftBank pours $500M into Didi in China’s biggest autonomous driving round
The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced this week an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Placing the bet — the single largest fundraising round in China’s autonomous driving sector — is its…
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Meet News Break, the news app trending in America founded by a Chinese media veteran
TikTok isn’t the only new media app with Chinese background that’s making waves in the U.S. News Break, a news app founded by China’s media veteran Jeff Zheng with teams in Beijing, Shanghai, Seattle and Mountain View, has been sitting among the top three news apps in the U.S. App…
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DHL acquires stake in Link Commerce developed by MallforAfrica
DHL has acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew out of MallforAfrica.com — a Nigerian digital-retail startup. Link Commerce offers a white-label solution for doing digital-sales in emerging markets. Retailers can plug into the company’s e-commerce platform to create a web-based storefront that manages…
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Bipartisan Senate bill aims to invest $100 billion in technology R&D
A group of bipartisan, bicameral politicians have drafted a bill that would “dramatically” increase investment in tech research and development. The Endless Frontiers Act would commit $100 billion over five years toward research in artificial intelli… Source
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