Rita Liao
China’s billionaire tech boss Jack Ma plans to cede control of Ant Group, the fintech powerhouse closely affiliated with Alibaba, the e-commerce giant he founded, The Wall Street Journal reported on Thursday.
If materialized, the move will mark another important turn in Ant’s ongoing restructuring and power reshuffling since...
BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the country’s structural reform as well as those expanding overseas.
The announcement follows on the heels of the closing of several...
Didi, the Chinese ride hailing behemoth that has undergone a year of regulatory overhaul, faces a fine of over 8 billion yuan ($1.28 billion) from the country’s authorities, The Wall Street Journal and Reuters reported.
The company did not immediately respond to a request for comment. Along with the...
Animoca Brands, the Hong Kong-based gaming company and the investor behind web3 big names like The Sandbox, Sky Mavis, Dapper Labs, and OpenSea, just got a talent boost.
Alan Lau, former CEO and chairman at Tencent’s in-house insurance agency WeSure, has joined Animoca as its chief business officer, Lau’s...
Syrius Robotics, a Chinese startup that makes autonomous robots for warehouses, just secured 50 million yuan ($7.4 million) in a Series B funding round, lifting its total raised so far to $40 million.
The four-year-old company specializes in what’s called automated mobile robots (AMR), in contrast to some of...
After flagging concerns over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology.
The government of Shanghai says it supports “leading companies to explore building NFT exchanges,” according to the city’s 14th Five...
China’s Tesla challenger Xpeng isn’t content with just making electric vehicles. It’s also betting on ridable robot unicorns for kids.
Xpeng Robotics, a bionic robot maker affiliated with Xpeng, just raised an impressive $100 million in a Series A round led by IDG Capital, at a time when venture...
Veterans from the established gaming world are flocking to web3. Whether they do it out of a fear of missing out or genuine belief in blockchain technologies, the trend appears irreversible at least for now, as investment keeps pouring into the industry.
Oasys, a Japan- and Singapore-based startup that’s...
Nothing, the consumer tech company started by OnePlus co-founder Carl Pei and known for its aggressive marketing, unveils a non-fungible token project called Black Dot. Its fans are skeptical.
Black Dot is a video clip featuring a rotating, transparent cube with a black dot bouncing off the walls inside...
Sequoia Capital’s China arm has pulled in $9 billion in fresh capital to back the country’s startups, The Information first reported.
The raise came at a time when global investors are reevaluating risks in China amid a COVID-hit economy and an ongoing regulatory crackdown on the country’s internet upstarts.
The...
