Chinese EV startup Xpeng Motors raises $1.5 billion in US public market debut
Chinese electric vehicle startup Xpeng Inc. raised $1.5 billion through an initial public offering in the U.S. as investor interest in EVs and clean energy outstripped concerns over escalating tensions […]
Autonomous vehicle startup AutoX lands driverless testing permit in California
AutoX, the autonomous vehicle startup backed by Alibaba, has been granted a permit in California to begin driverless testing on public roads in a limited area in San Jose. The permit will allow […]
US investors seek to buy out TikTok
Bytedance’s TikTok finally has some good news as a group of investors based out of the US is planning to buy the entity from the Chinese owner as a whole. The short […]
TAIHECAP MANAGING PARTNER ON WHAT SEA STARTUPS CAN LEARN FROM CHINA AND HOW TO TIDE THROUGH COVID-19
Startups should invest more in technology than in user acquisition and should stop trying new strategies that will burn a lot of money.
Didi Says Core Business Becoming Profitable As China Recovers From Covid-19
As China recovers from Covid-19, the core business of local ride-hailing major Didi Chuxing has also been picking up.
Why Tech Investors In China Are Primed For Lower Returns
At some point within the next year or so, three Chinese consumer tech giants could go public. One is Ant Financial, the payments arm of Alibaba, which was last valued at about $150bn. Shares in ByteDance are trading in the grey market at a level that implies a valuation of about $100bn, $25bn higher than the last private fundraising for the owner of TikTok and other platforms. And then there is WeBank, a digital bank backed by Tencent, its own management, and a group of government-approved Shenzhen firms.
NIA-NSTDA And Thai Startups Visit Huawei In China
During March 11-12, 2019, the MOST Startup working group of Science and Technology Ministry, led by National Innovation Agency (Public Organization) or NIA and National Science and Technology Development Agency (NSTDA) together with the winning teams of Startup Thailand Pitching Challenge 2018 visited the operation of Huawei Technologies in China.
U.S., China take the lead in race for artificial intelligence: U.N.
China and the United States are ahead of the global competition to dominate artificial intelligence (AI), according to a study by the U.N. World Intellectual Property Organization (WIPO) published on Thursday.
Falling iPhone sales could lead to better working conditions in China
Apple’s record-breaking iPhone sales era may have ended last month, cutting the company’s revenues and clouding its stock, but there could be a silver lining: Its Chinese manufacturing partners may be forced to improve working conditions for their dwindling workforces.
China created a unicorn every 3.8 days in 2018
China fostered 97 unicorns – startups valued at least US$1 billion (31.5 billion baht) – last year, despite an economic slowdown and a prolonged trade war with the United States, according to Shanghai-based research firm Hurun Report.
Shenzhen: Hardware Development Centre for Startups
There is no other place better than “Shenzhen” in terms of rapidness for hardware development until it is launched to the market or the efficiency of supply chain. Shenzhen is now attracting startup teams from all over the world. Over half of them are from North America, one fourth from China and the rest from Europe.
Despite increasing trade tensions business confidence in Asia Pacific remains high
Business leaders across Asia Pacific remain confident that their companies revenues will grow over the next 12 months despite increasing trade frictions.