Rita Liao
Yes, you read it correctly. The fast fashion e-commerce company that few in the tech industry had even heard of two years ago is aiming to raise $1 billion at a valuation of $100 billion.
Shein’s fundraising plan was first reported by Bloomberg and we’ve reached out to the...
China’s augmented reality startup Nreal is on a roll. The company, which hopes to bring AR to the masses by making bright-color, lightweight smart glasses, has just received $60 million in a Series C extension round, bringing its total funding in the last 12 months to a handsome $200...
The investment game going after automotive startups is getting more competitive in China with not only established venture capital firms joining the fray but also industry veterans. Two mobility-focused funds that recently closed new rounds have the backing of the country’s leading electric car-making upstarts.
Rockets Capital, a brand...
Russia is seeing an exodus of entrepreneurs, computer programmers, as well as other educated middle-class citizens as Western sanctions and political instability make it impossible to run an international business in the country.
Russia’s invasion of Ukraine has forced millions to flee their homes fearing for their lives. But...
A nascent Nuro challenger from China has its sight set on the delivery market in the US and has just raised some seed funding to advance its ambitions.
Whale Dynamic, a Shenzhen-based autonomous delivery startup founded by Baidu veteran David Chang, says it has closed a seed round of...
2022 is not looking any easier to many Chinese tech companies. The slew of new cyberspace regulations introduced over the past year or so, from anti-competition rules to restrictions on the use of algorithms, has prompted internet outfits of all sizes to reshape their business models and monetization...
China is allowing the public to take COVID-19 rapid antigen self-tests for the first time as infection numbers hit a two-year high in recent days. Online marketplaces including JD.com and Meituan are now taking pre-orders for home test kits from government-approved manufacturers, including Shenzhen-based gene giant BGI. The...
Raven Gao didn’t set up virtual social platform MEW to ride the metaverse wave. He began working on MEW in mid-2019 with a Tencent veteran because he wanted to build a virtual safe haven for socially awkward introverts like himself.
MEW’s interface can be perplexing for many people at...
China- and U.S.-based Pony.ai said Monday its valuation has surged to $8.5 billion after the first close of its Series D funding round, a sign that investors continue to chase a space where mass deployment of autonomous fleets are still years away.
Founded in 2016 and backed by Toyota,...
China has stuck to its position of refusing to call Russia’s military actions in Ukraine an “invasion” or condemn Moscow, but its people are taking to social media to express their feelings about the war.
Over the past few days, Ukraine-related topics have become some of the top trending...
