Tag: China

  • Transportation Weekly: Polestar CEO speaks, Tesla terminology, and a tribute

    Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fourth edition of our newsletter, a weekly jaunt into the wonderful world of transportation and how we (and our packages) move. This week we chat with Polestar CEO Thomas Ingenlath, dig into Lyft’s S-1, take note […]

  • On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn

    Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. Founded in 2013 by Stanford graduate Shing Chow, Lalamove provides logistics and delivery services in a similar style to ride-hailing apps like Uber […]

  • What an American artificial intelligence initiative really needs

    Rudina Seseri At a high level, the American AI Initiative seems to be headed in the right direction. We absolutely need a holistic approach that considers all the various areas that are critical to building innovative AI solutions. This seems to be an underlying concept of the Initiative, as the executive order places priority on […]

  • Alibabas Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M

    Ant Financial, the financial services behemoth affiliated with Chinese e-commerce giant Alibaba, has made its first big move into Europe. It’s acquired London-headquartered payments company WorldFirst in a deal that sources tell us is valued at around $700 million. (That price would also line up with multiple reports from December claiming the two were in […]

  • Why the worlds first smart highway will most likely be in China

    Hugh Harsono China’s fast-paced growth has resulted in it being one of the most extremely flexible nations in terms of technological integration into existing infrastructure. With its relatively newer institutions and organizations, China can easily adapt existing infrastructure around current and potentially future technologies. Because of the rise of automated vehicles and their specific criteria, […]

  • TikTok is giving China a video chat alternative to WeChat

    ByteDance, the world’s most-valued startup, just launched a new social media product under its Douyin brand in what many people see as a serious attempt to challenge WeChat. Tencent has long dominated China’s social networking space with WeChat and QQ. WeChat claims to have one billion monthly active users worldwide, most of whom are in China. […]

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