China

  • Smart TVs add fuel to Xiaomi’s Q1 earnings Chinese smartphone company Xiaomi just released its first quarterly results since announcing its $1.48 billion pledge to focus on smartphones and ‘AIoT’, an acronym for Internet of Things powered by artificial intelligence. Xiaomi’s adjusted net profit for the first quarter increased 22.4 percent year-over-year to 2.1 billion yuan ($300 million), while total revenue climbed 27.2 ...
  • Could the US-China trade row become a global cold war? | Nouriel Roubini If Donald Trump and Xi Jinping slide into ongoing animosity, the world will pay the priceA few years ago, as part of a western delegation to China, I met Xi Jinping in Beijing’s Great Hall of the People. When addressing us, Xi argued that China’s rise … Share this:Click to email this to a friend (Opens ...
  • Several chip companies, including Qualcomm and Intel, have reportedly stopped supplying Huawei after blacklist Several key suppliers are reportedly cutting off Huawei after the Trump administration added the Chinese telecom equipment and smartphone giant to a trade blacklist last week. According to Bloomberg, semiconductor companies Intel, Qualcomm, Xilinx and Broadcom will no longer supply Huawei until further notice. This follows another report earlier today that Google has suspended some ...
  • Google says its app store will continue to work for existing Huawei smartphone owners Google said today that existing users of Huawei Android devices can continue to use Google Play app store, offering some relief to tens of millions of users worldwide even as it remains unclear if the Chinese tech giant will be able to use the fully-functioning version of Android in its future phones. Existing Huawei phone ...
  • TikTok owner ByteDance’s long-awaited chat app is here In WeChat -dominated China, there’s no shortage of challengers out there claiming to create an alternative social experience. The latest creation comes from ByteDance, the world’s most valuable startup and the operator behind TikTok, the video app that has consistently topped the iOS App Store over the last few quarters. The new offer is called ...
  • Startups Weekly: There’s an alternative to raising VC and it’s called revenue-based financing In this week’s newsletter: Amazon takes a bite of Deliveroo and Away packs on $100M 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 Pinterest (Opens ...
  • As Quibi reportedly seeks another $1 billion, Fiction Riot fills the programming slate for its rival service Even as Quibi, the short form video platform from Jeffrey Katzenberg’s WndrCo, reportedly looks to raise another $1 billion, rival service Fiction Riot continues to steadily build out its pipeline of short form serials. The Los Angeles-based company has already launched a beta version of its streaming service, Ficto, and yesterday announced a host of ...
  • Fastly pops in public offering showing that there’s still money for tech IPOs Shares of Fastly, the service that’s used by websites to ensure that they can load faster, have popped in its first hours of trading. The company, which priced its public offering at around $16 — the top of the estimated range for its public offering — have risen more than 50% since their debut on ...
  • Trump’s Huawei ban ‘wins’ one trade battle, but the US may lose the networking war While U.S. government officials celebrate what they must consider to be a win in their battle against the low-cost, high-performance networking vendor Huawei and other Chinese hardware manufacturers, the country is at risk of falling seriously behind in the broader, global competition for telecom tech and customers. It may be a race that the U.S. ...
  • China’s Luckin Coffee raises up to $651M in upsized US IPO Another week, another cash-burning tech IPO in the U.S. Following on from Uber’s high-profile listing, ambitious Chinese startup Luckin Coffee has raised up to $650.8 million on the Nasdaq after it priced its shares at $17. Despite concern at its high losses and little chance of near-term profitability, Luckin seems to have been greeted positively ...
  • Trump tries to shut Huawei out of US market with executive order Trump moves could stop Huawei from buying US tech or from selling to US firms. 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 Pinterest (Opens ...
  • Baidu, China’s answer to Google, reports first quarterly loss since 2005 Baidu, widely seen as the Google of China, felt the heat from its spending on artificial intelligence and other next-gen technologies that have yet to reach the mass market as it unveiled troubled first-quarter financials on Thursday. The company logged a net loss attributable to shareholders of $49 million in the quarter ended March 31, ...
  • China’s Tesla wannabe Xpeng starts ride-hailing service There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to hire an electric car. And EVs are designed with better compatibility with autonomous driving, which is expected to hit the public road in the coming ...
  • Alibaba invests about $635M in Red Star Macalline, one of China’s largest furniture sellers Alibaba Group has acquired about RMB 4.36 billion ($635 million) worth of convertible bonds in Red Star Macalline, one of China’s biggest furniture retailers. If converted, this would give Alibaba about a 10 percent stake in the company. It also purchased 3.7 percent of Red Star Macalline’s publicly traded shares on the Hong Kong stock ...
  • Tech stocks slide on US decision to blacklist Huawei and 70 affiliates The United States has been lobbying for months to prevent its western allies from using Huawei equipment in their 5G deployment, and on Wednesday, Washington made it more difficult for the Chinese telecom titan to churn out those next-gen products. The U.S. Department of Commerce announced that it will add Huawei and its 70 affiliates ...
  • Alibaba returns to growth with revenue up 51% to $13.9 billion It’s business as usual for Alibaba after the Chinese e-commerce giant bounced back from a lackluster Q3 — which saw its slowest growth for three years. For Q4, the company saw revenue surge 51 percent year-on-year to reach 93.5 billion RMB, or $13.9 billion. That revenue beat analyst expectations of 91.5 billion RMB, according to ...
  • Huawei launches AI-backed database to target enterprise customers China’s Huawei is making a serious foray into the enterprise business market after it unveiled a new database management product on Wednesday, putting it in direct competition with entrenched vendors like IBM, Oracle and Microsoft. The Shenzhen-based company, best known for making smartphones and telecom equipment, claims its newly minted database uses artificial intelligence capabilities ...
  • Volvo inks battery supply agreements with LG Chem and CATL for Polestar and its upcoming EVs Just three months after unveiling its first all-electric vehicle design, Polestar, the joint venture between European automaker Volvo and China’s Geely car manufacturer has inked battery supply agreements with CATL and LG Chem. The deals are part of multi-billion dollar agreements signed by Volvo Car Group, the company said. Polestar unveils its all-electric response to ...
  • Stocks gain back some ground as investors assess the trade war’s impact Stocks had their best trading day in a while on Tuesday as investors took a break from selling to assess the actual effects of the trade war with China. Both the Dow Jones Industrial Average and the S&P 500 gained back some of their losses with the DJIA climbing 207.06 points to close at 25,532.05 ...
  • Bitcoin has surged above $8,000 and theories around why abound Bitcoin is now trading at around $8,130, up a whopping 60.84 percent over the past month, with the price surging $3,086.14 over the period. The cryptocurrency’s meteoric rise is reminiscent of its rocketing growth in the latter half of 2017, when prices reached over $18,400 on the back of buoyant capital markets, rampant speculation, and ...
  • InnoVen Capital, one of Asia’s most prominent venture debt firms, adds $200M more to its kitty Founders might not believe it, but managing a venture capital firm isn’t all that dissimilar to a startup. Case in point today: InnoVen Capital, one of Asia’s most prominent venture debt firms, has pulled in $200 million in new money to continue its expansion in the region. The money comes from InnoVen’s two shareholders — ...
  • The U.S.-China Trade War is a Threat to Beijing’s Ambition to Become a Key Player in Global Technology China sees technology as its economic future. To the Trump administration, such ambitions are a threat to America’s industrial leadership. 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 ...
  • Trump’s China Trade Talks Head for Stalemate As Trust Fades The emerging stalemate in U.S.-China trade negotiations reflects a breakdown in trust and widening differences that are unlikely to be resolved soon 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 ...
  • China to Hit U.S. With Tariffs on $60 Billion in Goods Amid Escalating Trade War That followed Trump’s increase of duties on $200 billion of Chinese imports 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 Pinterest (Opens in new window)
  • President Trump’s Trade War With China Wiped $1 Trillion Off Global Markets in a Single Day Trade tensions have sent U.S. stocks lower in five of the past six sessions 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 Pinterest (Opens in ...
  • Tech stocks tumble as China retaliates in latest salvo of the trade war Shares of technology companies were hit hard as China retaliated against the U.S. in the latest salvo of the ongoing trade war between the two countries. The S&P 500 Index shed roughly $1.1 trillion of value while the Dow Jones Industrial Average and the Nasdaq Composite Index fell 2.38% and 3.41%, respectively. On Monday, China ...
  • Market map: the 200+ innovative startups transforming affordable housing How founders are taking on housing costs worldwide. 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 Pinterest (Opens in new window)
  • China hits back at US with tariffs on $60bn of products Beijing has ignored Donald Trump’s warning not to retaliate against US tariff hikeChina has hit back in its trade war with the US, announcing plans to impose tariffs on $60bn of American imports.Tariffs will be imposed on 5,140 US products with an annu… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • China says it will ‘never surrender’ as trade row with America heats up ‘Wait and see,’ says Beijing in vow to respond to the latest U.S. tariffs 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 Pinterest (Opens in ...
  • India’s most popular services are becoming super apps Truecaller, an app that helps users screen strangers and robocallers, will soon allow users in India, its largest market, to borrow up to a few hundred dollars in the nation. The crediting option will be the fourth feature the nine-year-old app adds to its service in the last two years. So far it has added ...
  • How the trade war with China hit Uber’s public offering Uber’s much heralded public offering has arrived not so much with a bang as with a whimper, thanks largely to the ongoing trade war between the U.S. and China. Overnight, the U.S. government made good on the threat from President Donald Trump to hike tariffs on $200 billion worth of Chinese goods to 25% up ...
  • Could doomsday be nearing as US-China trade war heats up? Dispute between economic powerhouses is reminiscent of cold war standoff in CubaThe economic conflict that has been simmering between the US and China has entered a new and dangerous phase. Without question, the world is closer to a full-blown trade wa… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Equity Shot: Judging Uber’s less-than-grand opening day Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. 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 ...
  • The Guardian view on US-China trade wars: don’t start them | Editorial The time has come to rewrite the rules so that the world’s largest economies are able to trade peacefullyDonald Trump has been an opponent of free trade deals all his public life. A protectionist message was central to his run for the White House. On t… Share this:Click to email this to a friend (Opens in ...
  • Martin Rowson on fears of a looming US-China trade war – cartoon Continue reading… 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 Pinterest (Opens in new window)
  • How Vancouver became the world’s ‘laundromat for foreign organized crime’ From Vancouver penthouses to Whistler chalets, $7 billion in dirty money was funnelled through the province 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 ...
  • Escalating U.S.-China trade spat to hit Canadian business confidence, wallop global economy Canadian firms looking to sell in the U.S. will likely be swamped by the slowing of the U.S. economy and a decline in purchases by consumers 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 ...
  • Trump latest in long line of protectionists steering US trade policy Trade tariffs have been a recurrent theme of US history ever since the late 18th centuryFor years the rivals had been shaping up for a fight. Eventually, the talking and the insults stopped and there was a duel, and it was America’s leading proponent o… Share this:Click to email this to a friend (Opens in new ...
  • Trump shatters trade truce in big gamble for the global economy Moody’s economists say an all-out trade war could tip the U.S. into recession by late 2020, just as Trump comes up for re-election 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 ...
  • A cast of thousands: products from China facing 25% US tariff Higher tariffs have been imposed on a broader range of imports as talks continue US-China trade war – latest updatesThere are nearly 6,000 products that will now face 25% tariffs if they are imported to the US from China. They include: Continue reading… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • US-China trade deal: higher tariffs come into effect as talks continue Damaging trade war could destabilise the already slowing global economy US-China trade war: latest updatesFinancial markets were braced for a full-blown trade war between the world’s two economic superpowers as the US imposed higher tariffs on $200bn w… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • US-China trade deal: tariffs set to rise when deadline passes but talks to continue – Business live Midnight deadline for two economic superpowers to reach deal means increased tariffs on $200bn of Chinese goods will come into effectFull story: Investors hopeful of breakthrough 5.02am BST Tariffs of 25% on $200bn worth of Chinese goods have come int… Share this:Click to email this to a friend (Opens in new window)Click to share on ...
  • Justice Department charges Chinese hacker for 2015 Anthem breach U.S. prosecutors have brought charges against a Chinese national for his alleged involvement in the data breach at health insurance giant Anthem announced in 2015 that resulted in the theft of 78.8 million records. Fujie Wang, 32, and other unnamed members of a China-based hacking group, are charged with four counts of conspiracy to commit ...
  • US-China trade talks: investors hopeful of breakthrough Negotiators working to avoid escalation in tariffs that could result in full-scale trade warInvestors were hopeful of a breakthrough in talks between the US and China as negotiators worked to prevent an escalation in tit-for-tat tariffs that threaten a… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Tencent’s new alternative to PUBG is already topping the revenue chart In a move clearly driven by economic interests and an urgency to meet stringent regulations, the world’s largest games publisher Tencent pulled its mobile version of PlayerUnknown’s Battlegrounds on Wednesday and launched a new title called Game for Peace (the literal translation of its Chinese name 和平精英 is ‘peace elites’) on the same day. As ...
  • Trade wars: Markets hit five-week low ahead of US-China talks – business live Rolling coverage of the latest economic and financial news, as Chinese vice-premier Liu He travels to Washington for crunch trade talksLatest: FTSE 100 drops to 5-week lowIntroduction: Trade talks resume in US todayAsian markets have hit six-week lowsF… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in ...
  • Sharp will resume selling its smart TVs in the US this year Good news for U.S. consumers, the smart TV market is about to get more competitive after Sharp announced plans to resume selling TVs in America before the end of this year. The Japanese firm quit the U.S. in 2015 when crumbling finances threatened its very existence. It was bailed out by Hon Hai Precision — ...
  • US prepares to raise China trade tariffs Washington publishes list of imported products that will face higher tariffs from FridayThe US and China have moved to within 36 hours of a full-scale trade war after Washington published a list of imported products that will face higher tariffs from F… Share this:Click to email this to a friend (Opens in new window)Click to share ...
  • China’s Luckin Coffee Is More 7-11 Than Starbucks — And That Could Be a Big Problem The high-tech Chinese coffee company is brewing up an IPO — but can it compete? 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 Pinterest (Opens ...
  • Alibaba-backed facial recognition startup Megvii raises $750 million One of China’s most ambitious artificial intelligence startups Megvii, more commonly known for its facial recognition brand Face++, announced Wednesday that it has raised $750 million in a Series D funding round. Founded by three graduates from the prestigious Tsinghua University in China, the eight-year-old company specializes in applying its computer vision solutions to a ...
  • How months of trade negotiations between China and the U.S. blew up in an instant On Friday, China sent Washington extensive edits to a draft trade deal, backtracking on almost everything it had promised the U.S., sources say 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 ...
  • Tencent replaces hit mobile game PUBG with a Chinese government-friendly alternative China’s new rules on video games, introduced last month, are having an effect on the country’s gamers. Today, Tencent replaced hugely popular battle royale shooter game PUBG with a more government-friendly alternative that seems primed to pull in significant revenue. The company introduced ‘Game for Peace’ in a Weibo post at the same time as ...
  • Fearing an escalation of the trade war with China, stock markets plummet… then rally Stock markets declined today as investors worried about the potential for an escalating trade war with China sold off shares. Markets had been trading near or above all-time highs before President Donald Trump threatened to significantly increase tariffs on Chinese goods. The news sent stock markets into a free-fall in mid-day trading, but the markets ...
  • Tencent promises its technology will ‘do good’ Tencent, one of Asia’s most valuable companies with a current market cap of around $460 billion, has introduced a new motto after co-founder and CEO Pony Ma said this week he wanted ‘tech for good’ to be part of the company’s vision and mission in the future. The company has not yet officialized the new ...
  • China confirms vice-premier Liu He will visit US for trade talks Attendance of chief negotiator reduces fears of collapse of discussions after Trump tweetsChina’s chief trade negotiator will travel to Washington this week, according to the commerce ministry, tempering fears that talks to resolve a protracted trade w… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens in new ...
  • Luckin Coffee plans to raise over $500M in US IPO Luckin Coffee, the ambitious Chinese upstart that’s going after Starbucks, could raise nearly $600 million from its upcoming IPO. That’s according to a price range released by the Chinese startup. In a new filing, Luckin said it plans to sell 30 million shares at an initial range of $15-$17. That gives an estimated raise of ...
  • Why did Trump threaten to raise China tariffs – and what now? Trade talks seemed to be going well, but president alarmed markets with his tweetsStock markets around the world have sold off sharply after Donald Trump threatened to raise the stakes in the simmering US-China trade war. Here are the answers to key qu… Share this:Click to email this to a friend (Opens in new window)Click to ...
  • Frustrated Canada demands U.S. help fix China crisis brought on by Huawei arrest — or else With no cards to play against China, Canada has launched a full-court press in Washington — with meagre results 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 ...
  • Deadly Swine Fever Is Ravaging China’s Pork Industry, and It May Be Spreading China has been forced to import pricey pork as domestic production has declined 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 Pinterest (Opens in new ...
  • Thunes raises $10M to make financial services more accessible in emerging markets Cross-border fintech continues to be an area of interest for venture capitalists. The latest deal sees GGV Capital — the U.S-China firm that’s backed Xiaomi, Airbnb, Square and others — lead a $10 million investment in Singapore-based startup Thunes. Other investors in the Series A round are not being disclosed at this point. Thunes — ...
  • Trump escalates trade war with China with plan to raise tariffs Move to hike import tax to 25% is blow to hopes that US and China were closing in on dealDonald Trump has escalated the trade war with China by announcing plans to hike the tariff imposed on $200bn of Chinese goods from 10% to 25% on Friday.The US pres… Share this:Click to email this to a ...
  • A mysterious hacker gang is on a supply-chain hacking spree Group of likely Chinese hackers has poisoned software of at least six companies. 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 Pinterest (Opens in new ...
  • Trump’s tariffs could knock Tesla’s Autopilot off course The White House has refused to exempt the “brain” of Tesla’s Autopilot technology from punitive import tariffs, a decision that could delay or disrupt the company’s self-driving ambitions, TechCrunch has learned. At a special “autonomy day” event last week, Tesla CEO Elon Musk unveiled advanced Autopilot 3.0 hardware, including a new custom chip intended to ...
  • Security lapse exposed a Chinese smart city surveillance system Smart cities are designed to make life easier for their residents: better traffic management by clearing routes, making sure the public transport is running on time and having cameras keeping a watchful eye from above. But what happens when that data leaks? One such database was open for weeks for anyone to look inside. Security ...
  • Canada’s ‘megaphone diplomacy’ with China is failing. It’s time for a new approach Mark Warner, principal at MAAW Law, speaks about the Canada-China diplomatic dispute after the arrest of Huawei’s CFO in December 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 ...
  • Details emerge of China’s ‘Big Brother’ surveillance app targeting Muslims It’s long been known that China is developing a dystopian surveillance system in Xinjiang, the Northwest province that’s home to China’s Uyghur Muslim population. Among the evidence includes poorly managed database and now we have details of a mobile app used by police in the region to track Uyghur citizens. Human Rights Watch today published ...
  • Apple CEO Tim Cook Says Performance in China Has Improved Over Previous Quarter Apple today announced its earnings results for the second fiscal quarter (first calendar quarter) of 2019, and ahead of the company’s upcoming earnings call, Apple CEO Tim Cook shared some remarks on Apple’s results with CNBC. According to Cook, App… Share this:Click to email this to a friend (Opens in new window)Click to share on Facebook (Opens ...
  • Bloomberg alleges Huawei routers and network gear are backdoored Details are scarce, but the “backdoor” appears to be benign. 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 Pinterest (Opens in new window)
  • Apple’s iPhone Sales in China Down an Estimated 30% in Q1 2019, Huawei Continues to Dominate Apple’s iPhone sales in China were down 30 percent during the first quarter of 2019, according to new shipment estimates shared today by Canalys. Apple shipped an estimated 6.5 million iPhones during the quarter, marking its worst decline in two years. It shipped fewer smartphones in the country than Chinese vendors Xiaomi, Vivo, Oppo, and Huawei, ...
  • India unseats China as Asia’s top fintech funding source China’s massive fintech industry took a beating in recent months as the government continued to wind down online lending nationwide, rattling investor confidence. Funding for fintech startups shrank 87.6 percent year-over-year to $192.1 million during the first quarter of 2019, a new report from data provider CB Insights shows. India, which recorded $285.6 million raised ...
  • Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. It may have lost its original founding team, but the wheels are still rolling for embattled electric vehicle (EV) maker Faraday Future. The company, famous for lavish promotions but little substance, has received yet another financial lifeline in the wake ...
  • Daimler pulls the plug on electric smart car sales in US, Canada Daimler is ending sales of its diminutive all-electric smart fortwo cars in the U.S. and Canada, officially pulling the plug on a vehicle that has struggled to gain ground in North America as the German automaker prepares to bring the brand to China, TechCrunch has learned. Smart won’t be sold in the U.S. and Canada ...
  • Starbucks CEO says Chinese rival Luckin’s ‘heavy discount’ strategy isn’t sustainable A war of words in the coffee world is brewing after the CEO of Starbucks claimed Chinese upstart Luckin can’t last just days after it filed for a U.S IPO. Kevin Johnson, who leads the American coffee giant, told CNBC that competitors in China including Luckin have adopted a strategy of building market share using ...
  • Avengers: Endgame becomes the first film to break $1 billion in an opening weekend In its opening weekend, “Avengers: Endgame” made breaking box office records look like a snap. The last film in what Marvel Studios dubbed phase three of its rollout of characters and plots in an ever-expanding cinematic universe is a box office marvel raking in an estimated $1.2 billion at the box office. Thanos will snap ...
  • Startups Weekly: All these startups are raising big rounds In this week’s newsletter: Uber, Slack and the evolving Series A. 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 Pinterest (Opens in new window)