China

  • JD.com invests $397M into luxury marketplace Farfetch as part of a new strategic partnership  JD.com, China’s second-largest e-commerce company after Alibaba, is pumping $397 million into Farfetch, a marketplace for luxury brands, as part of a new strategic partnership. JD.com founder and CEO Richard Liu will take a seat on Farfetch’s board as part of the deal, which makes JD.com one of its largest shareholders. Read More ...
  • Regulation could stifle growing China-US venture activity  Let’s step back from politics and look at some cold, hard numbers to assess the current state of cross-border investment and other transactional activity between the U.S. and China. We’ll look at one type of transaction that could be affected: venture capital investments. We’ll show the “big picture,” as well as analysis of transactions in ...
  • Banking the unbanked in emerging markets  As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. People need to purchase food, pay electricity bills, top up transportation … Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • China hopes fourth time is the charm for MSCI inclusion China’s fourth attempt at cracking into MSCI Inc.’s benchmark share indexes comes with its best chance of success — and the least at stake. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • Crunch Report | Amazon Bids to Buy Whole Foods for $13.7 Billion Amazon bids to buy Whole Foods for $13.7 billion, Walmart buys Bonobos for $310 million, Mobike, a ride-sharing company in China, raises $600 million. All this on Crunch Report. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens ...
  • China’s Mobike raises $600M to expand its bikes on-demand service worldwide  Mobike, one of two fast-emerging on-demand bike rental services, has landed $600 million in new funding as it seeks to expand its business outside of China. Bike rentals are shaping up to be the first global tech industry that was born in China. The principle is simple: bikes are fitted with GPS trackers which allows them ...
  • Anbang chairman’s mysterious absence caps months of intrigue After more than a decade transforming Beijing-based Anbang Insurance Group into a global juggernaut chairman Wu Xiaohui has suddenly stepped down Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new ...
  • The five most striking trends in the seismic shifts transforming global energy Data out today reveal the accelerating shifts in energy production and consumption as economies move away from fossil fuels Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to ...
  • Apple Officially Allows Users to Tip Content Creators With In-App Purchases Apple updated its App Store Review Guidelines this week to indicate that developers may now sell virtual currencies in the form of in-app purchases to enable customers to “tip” content creators within apps. Like all other in-app purchases, Apple w… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Federal government’s ‘minds are open’ for Chinese investment in oilsands, Jim Carr says The Natural Resources Minister didn’t give details on what sort of investment Canada would welcome from China, but said his government is interested Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens ...
  • California gov to work with China on clean energy tech, defying US reversal Comes as California legislature debates ambitious renewables goal. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on Pinterest ...
  • Join Didi and bike-sharing pioneers Ofo and Mobike at our Shenzhen event this month  TechCrunch is excited to announce that representatives from China’s top on-demand startups will be speaking at our inaugural event in Shenzhen. Didi Chuxing, the company that beat Uber out of China, and red-hot bike-sharing startups Ofo and Mobike — which have pioneered a new kind of point-to-point transportation in China — are among the speakers confirmed for ...
  • Saturday’s SpaceX launch carried a secret payload—a Chinese experiment US company has ensured that Chinese experiment cannot transfer tech from station. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click ...
  • Markets await European manufacturing PMIs after China factories contract – business live All the day’s economic and financial news, including a new health check on the world’s factories Chinese PMI hits 11-month low Coming up: UK and eurozone PMIs Nationwide: UK house prices fall again 8.25am BST We have fresh evidence that Britain’s housing market is cooling. House prices fell by 0.2% in May, reports Nationwide, which is the third monthly fall ...
  • Markets await European manufacturing PMIs after China factories contract – business live All the day’s economic and financial news, including a new health check on the world’s factories Chinese PMI hits 11-month low Coming up: UK and eurozone PMIs Nationwide: UK house prices fall again 8.25am BST We have fresh evidence that Britain’s housing market is cooling. House prices fell by 0.2% in May, reports Nationwide, which is the third monthly fall ...
  • Xiaomi’s second bezel-less Mi Max smartphone claims a two-day battery  Chinese smartphone giant Xiaomi made a big splash when it announced the the Mi Max, its much-heralded device with a near bezel-less display, last year — now we have a follow-up phone. The Mi Max 2, unveiled today at an event in Beijing, will be available in China from June 1 priced upwards from RMB 1699, that’s around $247. Xiaomi claims ...
  • Moody’s just downgraded China’s credit rating for the first time in nearly 30 years The financial strength of what was once the economic engine of the world is expected to erode in coming years as growth slows and debt continues to rise Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • China’s credit rating downgraded amid fears over slowing economy Moody’s lowers country’s rating for first time since 1989 to reflect concerns over rising debt China’s credit rating has been downgraded for the first time in more than 30 years over fears that slowing growth and rising debts will weaken the world’s second largest economy. Moody’s lowered China’s sovereign credit rating by one notch to A1 ...
  • China downgraded by Moody’s for first time since 1989 – business live Beijing has hit back after being downgraded by Moody’s for the first time since the Tiananmen Square protests Moody’s: China’s financial strength is fading China: No it’s not First downgrade in almost 30 years Shares fall in Shanghai Coming up: Mario Draghi speech; Fed minutes 8.30am BST Christopher Balding, an associate professor at the HSBC School of Business at Peking University ...
  • Chinese trio carve up a quarter of global smartphone sales in Q1: Gartner  The global smartphone market grew 9.1 per cent in the first quarter of this year, according to Gartner’s latest stats, and growth is being driven by a trio of Chinese device makers. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share ...
  • Japan, China have extracted methane hydrate from the seafloor Gas hydrates difficult to extract but estimated abundance makes mining attractive. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to ...
  • Apple Takes Risk By Telling Chinese Chat Apps to Disable ‘Tip’ Functions Apple has told several Chinese social networking apps to disable their “tip” functions to comply with App Store rules, according to executives at WeChat and other companies. The tip functions in Chinese messaging platforms are free to use and allow people to send authors and other content creators monetary tips through transfers to mobile wallet accounts. ...
  • Global stock markets: what’s driving the record rises – and will they continue? From China’s investment boost to Trump trade, we explain why investors are shaking off concerns and snapping up shares Global stock markets are hitting new peaks, with the FTSE 100, Germany’s Dax, the S&P 500 in the US and MSCI’s World Index, which tracks equities across the globe, all at record highs. Investors are shrugging off worries ...
  • Report: Hackers ‘aligned’ with Vietnam government attacked international firms and media  A hacker group “aligned with Vietnamese government interests” carried out attacks on corporate companies, journalists and overseas governments over the past three years, according to a report from cyber security firm FireEye. FireEye, which works with large companies to secure their assets from cyber threats, said it has tracked at least 10 separate attacks from the group… ...
  • Philip Hammond calls China a ‘natural partner’ as he seeks post-Brexit trade deals Chancellor tells summit Beijing’s vast $990bn infrastructure plan is an ‘opportunity to strengthen ties’ with China China lays out $900bn Silk Road vision amid empire-building claims The chancellor, Philip Hammond, has called for closer economic ties with China as Britain enters a new, post-Brexit era. Speaking at the start of a summit in Beijing celebrating President Xi ...
  • China’s Xi lays out $900bn Silk Road vision amid claims of empire-building Global leaders attend ‘Belt and Road’ infrastructure summit to praise plan Xi Jinping says will bring a new ‘golden age’ of globalisation World’s biggest project aims to make China great again Chinese president Xi Jinping has kicked off a two-day showcase of what some call the most ambitious development project ever by comparing his country to a ...
  • Alipay, China’s top mobile payment service, expands to the U.S.  China’s dominant mobile payment service is making its move in the U.S.. Ant Financial, the Alibaba spin-off that operates Alipay, has inked a deal with payment processor firm First Data that will allow its service to be used at point-of-sale with more than four million retail partners in the U.S.. The deal is the first of its ...
  • China’s bike rental startups are learning a lot about how people spend their free time  Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. China’s bike rental startups have hogged the startup limelight and investor dollars this year. The trend has been impossible to ignore, both on the ground and in reporting. Ofo became the industry’s first unicorn, while Mobike has pulled in over ...
  • Ride-hailing giant Didi finally offers an English language option for foreigners in China  There’s good news for foreigners living in, or visiting, China after Didi Chuxing — the local ride-sharing leader — added support for English language and overseas credit cards to its service for the first time. Didi, which processes more 20 million rides a day across its various services, has always been a tricky one for non-Mandarin speakers ...
  • 20,000 Chinese writers will create their own Wikipedia competitor “Our goal is not to catch up, but overtake.” Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • Chinese economy cools as key sectors dip Manufacturing and services fall as Bejing tries to rein in property and credit boom China’s economy has shown more signs of cooling after key barometers from its manufacturing and services sectors dipped in April. The latest data comes as Beijing attempts to rein in a booming property market and rapid credit growth. Two surveys on Sunday suggested ...
  • Netflix is playing down the significance of its first major distribution deal in China  Netflix has played down the significance of its first major licensing deal in China, news of which was announced this week. The company’s share price surged nearly six percent after it announced that it had agreed to a distribution deal with iQiyi, one of China’s largest video portals which was started by internet giant Baidu. The ...
  • China launches second (and first homegrown) aircraft carrier While it still requires outfitting, the new ship will be China’s first fully combat-ready aircraft carrier. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • China’s Didi Chuxing is raising up to $6 billion at a valuation of over $50 billion  Didi Chuxing, the on-demand giant that drove Uber out of China, is set to become the world’s second-highest valued tech startup. Beijing-based Didi is in the process of raising a round that could reach as high as $6 billion at a valuation that would exceed $50 billion, a source with knowledge of discussions told TechCrunch. That’s not far from ...
  • China to Get Netflix Originals in Content Deal With Local Streaming Service Netflix has signed a licensing deal with a Beijing-based video platform in order to avoid regulatory restrictions and get its content into China’s huge entertainment market (via The Hollywood Reporter). The streaming giant announced the news of its content agreement with iQiyi on Tuesday at the APOS industry conference in Bali, Indonesia. “China is an ...
  • Netflix enters China via licensing deal with top video streaming service iQiyi  China has long eluded Netflix. The company officially gave up on its original plan to enter the country last October in favor of licensing deals, and now it has inked its first major deal to give its programming a presence on Chinese soil. Baidu’s iQiyi, a top video portal in China with nearly 500 million monthly viewers, ...
  • Alibaba’s Ant Financial invests in Chinese bike-sharing startup unicorn Ofo  Ofo, the Chinese bike-sharing startup that recently claimed unicorn status, announced this weekend that it has added Ant Financial as an investor. In a statement posted to its Weibo account, Ofo said that it will work with Ant Financial, an Aliba… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Why the Wikileaks CIA dump was the most damaging one yet  There are no hackers anymore — now it’s all about the spies we in the intelligence and security communities are trying to stop. The “insiders” have known this for some time, but it’s becoming more apparent to the business community and now individuals. Read More Share this:Click to email this to a friend (Opens in new ...
  • Whatever the IMF thinks, we are a long way from the boom time of 2007 | Larry Elliott Christine Lagarde may be optimistic about the global economy but there are good reasons why the heady growth seen before the financial crisis won’t come back When the International Monetary Fund met for its spring meeting in Washington 10 years ago the global economy was booming. The world was experiencing the strongest period of sustained growth ...
  • Researchers claim China trying to hack South Korea missile defense efforts Deployment of THAAD upsets China, seen as espionage tool. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • China summons Apple for talks following concern around live-streaming apps  Apple is coming under pressure from authorities in China after internet regulators asked the company to tighten standards for iOS apps in the country. A report from state news agency Xinhua said Apple had been summoned for questioning for allowing three streaming services — toutiao.com, huoshanzhibo.com and huajiao.com — to “violate four different regulations… Read More ...
  • Brexit’s unpredictable outcome poses risk to global stability, says IMF Organisation also says financial stability is threatened by US corporate debt, China’s credit bubble and weak EU banks The International Monetary Fund has warned that Brexit’s unpredictable outcome poses a risk to global financial stability at a time when it is already challenged by heavily-indebted US corporations, China’s credit bubble and weak European banks. Warning that banks ...
  • Xiaomi Unveils $360 Mi 6 Phone With Dual-Lens Camera, ‘Four-Sided 3D Glass’ Casing, No Headphone Jack Chinese mobile maker Xiaomi unveiled the Mi 6, its latest flagship smartphone, at a packed-out event in Beijing on Wednesday. The Mi 5’s successor features curved “four-sided 3D glass” and a front that isn’t bezel-free like the company’s Mi MIX, but the phone does boast a lot of tech for a device that starts at ...
  • Ivanka Trump’s Brand Flourishes as She Crafts a Career in the White House Her brand was awarded coveted Chinese trademarks as she dined with Xi Jinping Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new ...
  • Vancouver outreach ‘success stories’ suspect as Asian companies sputter or fall under scrutiny Critics say if the publicly funded HQ Vancouver is spending millions to woo Asian businesses to B.C., it needs to improve its due diligence Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter ...
  • Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B  Ant Financial, the Alibaba affiliate company focused on financial services, appears to have finally won its battle with Euronet to acquire MoneyGram, the U.S.-based cross-border payments service, after it increased its bid to $1.2 billion. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Is this the beginning of the end for neoliberalism? | Letters Your editorial on the French elections (11 April), with its encouraging mention of the rise of the higher tax and spend candidate Jean-Luc Mélenchon, failed to mention possibly his biggest electoral draw: the fact that he is a leftwing protectionist. Prior to the 2012 election, polls showed that over 80% of French across the political ...
  • iOS Drops to Lowest Share of China Smartphone Market in Nearly Three Years Apple’s iOS has dropped to its lowest share of the smartphone market in urban China since July 2014, according to new data collected and shared by Kantar Worldpanel. Today’s report specifically details smartphone shares around the world for the three months ending in February 2017. In total, devices running iOS dropped 8.9 percentage points from ...
  • The surprising rise of China as IP powerhouse  Given China’s determination to advance its IP systems and stature, China may well eclipse U.S. and Europe as the global center for intellectual property in just a few decades. This radical paradigm shift should be of utmost importance to Silicon Valley, particularly companies whose models and profits are based on proprietary intellectual property. Read More Share ...
  • Trump is reckless – but he knows he can’t afford to antagonise China | Barry Eichengreen His comments during the campaign didn’t bolster high hopes, but his summit with Xi Jinping showed he needs China’s business Donald Trump’s comments about China during the US presidential campaign didn’t exactly bolster high hopes for Sino-American relations once he was elected. Trump denounced China for “taking our jobs” and “ hundreds of billions of dollars ...
  • DeepMind’s AlphaGo takes on world’s top Go player in China At same event, multiple human players will team up to try and beat a single AI. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ ...
  • Volkswagen doubles down on China with $180M investment in smart technology for cars  Volkswagen is doubling down on China and AI in one fell swoop after the automaker announced a $180 million investment in Chinese startup Mobvoi to bring smart technology into its cars. Unlike a regular capital raise, VW’s money is going into a joint-venture that will “develop and apply AI technologies to automotive industry” rather than Mobvoi itself, the ...
  • Markets slide after Federal Reserve surprise and ahead of Trump China meeting – business live Investors nervous as US central bank says it will reduce balance sheet size and as president meets Xi Jinping 8.10am BST The weakness on Wall Street and in Asia has carried over to Europe, as uncertainty over the Federal Reserve’s plans and the Trump/Xi meeting unsettle investors. The FTSE 100 is down nearly 60 points or 0.8% ...
  • Will populist leaders stifle the global recovery – or vice versa? Politicians such as Donald Trump, Marine Le Pen and Beppe Grillo are wildcards that could kill off gathering growth After nine dreary years of downgrading their GDP forecasts, macroeconomic policymakers around the world are shaking their heads in disbelief: despite a populist-propelled wave of political tumult, global growth is actually set to outperform expectations in 2017. It’s ...
  • The Price of Ivory in China Plunged 65 Percent in the Last Three Years China’s domestic ban on ivory goes into effect Friday Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • Google makes its Translate mobile apps available for users in China  Google has reintroduced its Translate mobile apps to China, where they can now be accessed and used without the need for software to bypass local censorship. The U.S. tech giant left China more than seven years ago when it redirected its local search engine to Hong Kong and many of its services are censored in the country. Today’s low-key ...
  • Chinese internet giant Tencent buys 5% of Tesla  Tencent, Asia’s second highest valued tech firm, has bought a five percent share in Tesla. According to a filing, the Chinese firm scooped up 8,167,544 shares for around $1.7 billion to become one of Tesla’s largest shareholders. The news itself sent Tesla’s share price up three percent in pre-market trading. The purchase was arranged on March 17, ...
  • Didi Chuxing is reportedly considering a $6 billion investment backed by SoftBank Group  Didi Chuxing, the largest ride sharing app in China, is deliberating a proposed $6 billion investment backed by SoftBank Group, according to a report in Bloomberg. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click ...
  • A win for Apple in Beijing as court overturns iPhone patent ruling  Apple has bigger fish frying in the world of intellectual property. But it must be a relief that an IP court in Beijing has handed the smartphone pioneers a win. On Friday, the courts overturned a May 2016 ruling that said Apple had violated desi… Share this:Click to email this to a friend (Opens in new ...
  • Chinese Court Overturns iPhone 6 Patent Ruling in Apple’s Favor A Beijing court has overturned a 2016 ruling that Apple’s iPhone 6 violated a Chinese manufacturer’s patent, which saw intellectual property regulators attempt to bar sale of the phone in the country (via South China Morning Post). Last June we reported that ailing company Shenzhen Baili filed a lawsuit against Apple claiming that the iPhone ...
  • ‘We are coming out of the bottom of the cycle’: Miners regain mojo to spark $24 billion in exploration hunt Exploration budgets are rising after they plunged to an 11-year low of about C$13.3 billion last year Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on ...
  • Tim Cook Hails China Investment, Says Apple ‘Here to Stay’ Apple CEO Tim Cook sat down for an interview with Chinese media outlet Caixin on Tuesday, in which he emphasized Apple’s ambitions in China and its long-term commitment to investment there. Despite Apple’s need to see off competition in the country from the likes of Chinese mobile makers Oppo and Huawei, Cook took pains to explain ...
  • Tim Cook Confirms Apple Will Make Global Fund Donations From Sales of Red iPhone 7 in China With the news earlier today that Apple has ditched the PRODUCT(RED) branding for the red iPhone 7 and 7 Plus in China, MacRumors reached out to CEO Tim Cook to find out if any of the proceeds on sales in the country would still be donated to charity in the fight against HIV/AIDS. MacRumors’ question: We ...
  • Tencent posts $21.9 billion in annual revenue, its highest growth since 2012  Tencent may be more than a decade old but the Chinese internet giant continues to grow at pace after it posted its most significant jump in annual revenue for four years. The firm, best known for China’s dominant messaging app WeChat, announced total revenue of RMB 151.9 billion ($21.9 billion) for its fiscal 2016. That’s up 48 percent ...
  • Airbnb is doubling down on China  Uber may have become the latest in a long line of Western tech firms to have failed in China, but fellow gig economy darling Airbnb is determined to succeed in the Middle Kingdom. Today, the company announced a new brand for its China-based busin… Share this:Click to email this to a friend (Opens in new window)Click ...
  • Red Flag Windows: Microsoft modifies Windows OS for Chinese government Chinese government blocked Microsoft product purchases after NSA leaks. Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on Google+ (Opens in new window)Click to share on ...
  • Tim Cook Visits Beijing-Based Bike Sharing Startup, Ofo Tim Cook visited Beijing-based bike-sharing company ofo on Tuesday, according to Reuters. The Apple CEO has been in China since at least Saturday, when he gave a wide-ranging talk at the China Development Forum. During his ofo stop, Cook met with founding members including CEO Dai Wei, and posed for pictures of him riding a yellow ...
  • Apple CEO Tim Cook Touts Benefits of Globalization in China Speech Apple CEO Tim Cook gave a talk on Saturday to attendees of the China Development Forum 2017, where he offered commentary on a range of issues including globalization, economics, and data privacy. The annual forum is a high-profile conference in which senior Chinese government officials, global corporation leaders, institutions, and scholars gather to discuss major issues ...
  • Crunch Report | Walmart Acquires Modcloth Apple investing $500 Million into R&D Centers in China, Walmart acquires Modcloth, and John Mannes reports to us about his trip at South by Southwest. All this on Crunch Report. Read More Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Apple plans to invest $500 million for new research centers in China  Apple is trying to tap into local talent by building new research centers around the world. As spotted by MacRumors, the company just announced on its Chinese website that it is going to build two new R&D centers in Shanghai and Suzhou. This is going to be a significant investment as Apple plans to spend ...
  • Apple to Build Two Additional R&D Centers in China Apple announced today that it will set up two additional research and development centers in China, to go with the two locations in the country that it announced last year. The new R&D centers will open in Shanghai and Suzhou, the company said in a statement on its Chinese website on Friday. Apple hopes the ...
  • Pinterest is now blocked in China  China has blocked one of the few Western social media sites that had remained accessible to its population: Pinterest. The site has followed the example of Facebook, Twitter and many others after the photo sharing site was blocked in China, according to data from censorship monitoring organization GreatFire. GreatFire checks a range of the internet’s top websites for ...
  • Alibaba invests in WayRay, a maker of augmented-reality dashboards for smart cars  After launching its first car last year, Alibaba is digging deeper into the automobile industry. The Chinese Internet and e-commerce behemoth is the lead investor in smart car tech developer WayRay’s $18 million Series B round, the startup announced. Read More Share this:Click to email this to a friend (Opens in ...
  • Alibaba invests in WayRay, a maker of augmented-reality dashboards for smart cars  After launching its first car last year, Alibaba is digging deeper into the automobile industry. The Chinese Internet and e-commerce behemoth is the lead investor in smart car tech developer WayRay’s $18 million Series B round, the startup announced. Read More Share this:Click to email this to a friend (Opens in ...
  • Marks and Spencer makes swift exit from Chinese market after population collectively asks ‘what’s a Marks and Spencer?’ ‘The problem is not just that they know little about China, but that they never bothered to learn’ Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Twitter (Opens in new window)Click to share ...