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Tech

China Tech Digest: Bytedance Expands Search Ads, Kuaishou Obtains Payment License

ByteDance expands in information flow search business to compete with Baidu An employee of Bytedance told Chinese media that the…

Truck Driver Dispatch Firm Manbang Raises $1.7 Billion

Manbang Group, an intelligent transportation platform previously known as Yunmanman, announced the completion of a new round of financing of…

China Tech Digest: Blackstone Targets $5B Second Asian Fund, Lufax Became Short-Selling Target

Blackstone is raising at least US$5 billion for second Asian PE fund US private equity giant Blackstone hopes to more…

China Launches Long March 5 Rocket For Lunar Probe Successfully

At 4:30 am on November 24, 2020 Beijing time, China's Long March 5 carrier rocket was launched at the Wenchang…

Autonomous Driving Trucks Firm Plus.ai Raises $100 Million

Chinese autonomous driving truck company Plus.ai completed a US$100 million Series C financing, with investors including Guotai Junan International and…

China Tech Digest: China Sets Up Unfair Competition Agency, Huawei Ranks First In Patents

State Council officials agrees to establish an inter-ministerial joint conference system against unfair competition The State Council agreed to establish…

Tencent Invested In Dozens Of Failed Firms And Lessons Learned

In its Q3 financial report, Tencent’s investment income is very eye-catching. After adjustment in accordance with non-IFRS, as of September…

China Tech Digest: SEC To Push For Chinese Firms Delisting, Geely And Daimler To Jointly Build Bybrid Car Engines

SEC moves toward delisting Chinese companies from US exchanges but looks unlikely to succeed The U.S. Securities and Exchange Commission…

China Tech Digest: Alibaba To Invest In Mango Media, JD And Baidu Report Earnings

Alibaba plans to invest in Mango Excellent Media Mango Excellent Media announced that the company planned to transfer 5.26% of…

Chinese Satellite Internet Startup GalaxySpace Completes New Round At Unicorn Valuation

Chinese satellite Internet company GalaxySpace completed the latest round of financing, with a post-investment valuation of nearly RMB8 billion yuan,…

Distributed Database PingCAP Raises $270 Million

PingCAP, an enterprise-level open source distributed database vendor, recently announced the completion of a US$$270 million Series D financing. (more…)

China Tech Digest: Huawei Announces Honor Sale, Didi Aims For One Million Driverless Cars

Huawei offloads Honor mobile phone business A number of companies have issued a joint statement that Shenzhen Zhixin New Information…

Mech-Mind Robotics Completes RMB100M New Round

Mech-Mind Robotics announced that it has completed a B+ round of financing of nearly RMB100 million yuan. Source Code Capital…

Agricultural Drone Startup XAG Raises RMB1.2 Billion

Guangzhou Jifei Technology Co., Ltd., or XAG, announced the completion of a new round of RMB1.2 billion yuan of financing,…

China Tech Digest: Foxconn Says iPhone 12 Demand Strong, US Not To Enforce TikTok Ban

Foxconn says demand for iPhone 12 is strong and US factories will continue investing as planned Foxconn, an Apple product…

AI Unstructured Data Processing Startup Zilliz Raises $43M

AI unstructured data processing and analysis software company Zilliz announced the completion of a US$43 million series B financing. (more…)

China Tech Digest: ByteDance Takes Aim At Alibaba, Qualcomm Said Getting License To Supply Huawei

ByteDance to deepen e-commerce operations in direction competition with Alibaba (more…)

Tencent’s Q3 Financials Show Little Success For Strategic Transition

On November 12, Tencent released its 2020 Q3 financial report. The financial report showed that in the third quarter, Tencent's…

China Tech Digest: Douyu Applies To Be Delisted From NASDAQ, SMIC Sees Revenues Up 15.3% In Q3

Douyu applies to delist from US stock exchange, in preparation for Huya merger and Tencent takeover Today, Douyu has submitted…

China Tech Digest: Tencent’s Tenpay Makes Changes, Xiaomi Wins Patent Lawsuit In Europe

Tencent's Tenpay changes legal representative Recently, the legal representative of Tenpay Payment Technology Co., Ltd. changed from Ma Huateng to…

Huawei To Sell Honor Phone Business At RMB100 Billion Valuation

Huawei plans to package and sell its low-end Honor mobile phone business at a price of RMB100 billion yuan. The…

China To Tighten Anti-Monopoly Regulation Over Big Internet Firms

On November 10th, China's State Administration for Market Regulation drafted the "Guidelines for Anti-Monopoly in the Field of Platform Economy…

China Tech Digest: Alibaba Invests In FARFETCH, Douyin Pulls In $115M In Oct

Alibaba invests in luxury goods group FARFETCH Alibaba announced that it will jointly invest in FARFETCH with the luxury goods…

Chinese Self-Driving Truck Firm Inceptio Tech Raises $120M Round

Inceptio Technology, a Chinese autonomous truck technology and operation company, hascompleted a new round of US$120 million in equity financing.…

China Tech Digest: NIO’s Marcap Bigger Than Baidu’s; Li Auto Issues Recalls

NIO becomes becomes one of world's top 10 car makers by marcap China's new energy vehicle sector saw their US…

Chinese Autonomous Driving Firm Pony.ai Raises $267 Million

Chinese autonomous driving company Pony.ai officially announced that it has received a total of US$267 million in Series C financing…

Chinese Semantic AI Startup Emotibot Raises RMB200 Million

Chinese AI startup Emotibot has completed RMB200 million yuan C round of financing. This round was led by Bank of…

Chinese AI Firm Yitu Tech Files A-Share IPO Prospectus

On November 4, the Chinese Securities Regulatory Commission website disclosed the prospectus submitted by Yitu Technology, a Chinese artificial intelligence…

China Tech Digest: JD Health Seeks $3B HK IPO, Former OPPO Executive Joins NIO Chip Team

JD Health seeks to raise US$3 billion in HK IPO JD Health seeks to obtain listing approval on the Hong…

ByteDance To Raise $2B At $180B Valuation Prior To Planned HK IPO

ByteDance Ltd. is in discussions to raise US$2 billion before listing some of its businesses in Hong Kong, according to…

Communication Cloud Service Provider Ronglian Raises $125 Million

Intelligent communication cloud service provider Ronglian Cloud Communications (Yuntongxun) announced the completion of US$125 million in Series F financing, led…

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