After Australia, ofo exits Germany amid push into priority markets
Germany has become the latest market from which Chinese bike-sharing firm ofo will make an exit. The company, which has been plagued by rumors of a cas…
Author: Christopher Udemans
AI startup Yitu receives another $100 million in funding
After closing its $200 million Series C+ funding round in June, Shanghai-based facial recognition firm Yitu Technology has secured another $100 million…
Nanjing to create $20 billion integrated circuit investment fund
Nanjing is set to turn itself into a chip mecca by setting up a $20 billion investment fund for its integrated circuits industry. The historical capita…
Innovation will win, not a trade war
It is impossible to browse the internet or read the newspaper these days without being informed of the dire threat of a US-China trade war. In the past…
Autonomous vehicles are coming but you won’t own one
Self-driving cars are a big deal in China. The country’s three tech giants—Baidu, Alibaba, and Tencent (BAT)—are all working to develop the technology.…
China may lead in technology, but not just yet
China has grand schemes for its technological development. In addition to the country’s AI plan, which the country hopes will make it a world leader in…
Ofo fires staff in India, winds down operations in the country
Bike rental firm ofo has asked its staff that formed part of its Indian operations to leave, a move that further draws attention to the company's rumor…
China Mobile could roll back 3G networks by 2020
China Mobile could rollback its 3G networks by 2020, shortly after China's official commercialization of 5G, according to local media. According to Ch…
Mobike does away with deposits in China
Meituan-owned bike rental firm Mobike has removed deposits for all users in China in an effort to standardize its deposit system. In May, the company …
Douyin to outsource KOL management to multi-channel networks
Bytedance's short video app Douyin (抖音) will establish an official program for multi-channel networks (MCNs) to manage key opinion leaders (KOLs) on it…
Tencent updates underage game spending warnings
Tencent Games has updated its warning system for account holders when minors overspend on its platform. The system will send out a warning when underag…
Tencent Music expected to file for US-based IPO this week
Tencent Music is expected to submit an IPO filing to the United States Securities and Exchange Commission on July 6 as it begins its US listing. Accor…