Rita Liao
Between 2016 and 2020, the number of people who ordered food online in China doubled to 400 million. The boom was in part thanks to the generous subsidies shelled out by the country’s food delivery contenders for customers and businesses. As two companies, Meituan and Ele.me, came to...
The autonomous driving space might be seeing the marriage of two titans. Volkswagen is in talks with Huawei to acquire the latter’s nascent autonomous driving unit for billions of euros, Germany’s Manager Magazin reported on Thursday.
Huawei said it has no immediate comment when contacted by TechCrunch. VW China...
As countries ease up on COVID restrictions, activities are going back in person. But the virtual event space continues to attract investors, at least in Asia. Hong Kong-based events management platform EventX said today it has raised another $8 million for its Series B, lifting the total amount...
Scores of tech companies around the world have switched to remote work or some sort of hybrid model during the past two COVID-hit years. In China, though, most tech firms have gone back to the office since summer 2020, thanks to the country’s low infection rates as a...
Investors are justling to find the next killer app for the metaverse. BUD, an app that allows users to create their customizable 3D experiences and interact with others, said today it has landed $15 million funding in a Series A+ round.
Featuring cuddly characters that are reminiscent of Animal...
A lot of government support, it appears
China’s autonomous vehicle industry first started seeing some traction around 2016, when a bunch of ambitious startups mushroomed following advances in lidar, computing and machine learning. But the nascent sector was still driving in low gear, as the people working on the...
TikTok may be the most successful app that has emerged from China and is making impressive international inroads, but there is a host of smaller entertainment apps built in China that are also replicating their models overseas.
Tiya is one of them. Born out of Chinese podcasting platform Lizhi,...
For years, open-source software in China was only attracting developers and was poorly understood by returns-seeking investors. But they are finally having a moment like their Western counterparts.
The latest open source project to get funded in China is Taichi Graphics, a 10-month old startup that aims to make...
South Korean internet conglomerate Naver Group continues to ride the hottest internet trends targeting young users. It has been the name behind messaging giant Line and popular selfie app Snow. And now, it’s charging into the metaverse, the red hot concept that makes Roblox, Epic Games and other...
Once an industry with long development cycles, the automotive space is being upended by China’s tech giants. One can hardly keep up with all the new electric vehicle brands that come out of the country nowadays. Jidu, an electric carmaking company founded by Baidu and its Chinese auto...
