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WeRide.ai, one of the most funded Chinese robotaxi operators, has confidentially filed to go public in the U.S., Bloomberg reported on Monday. The company declined to comment when reached by …
China’s robotaxi upstart WeRide confidentially files for IPO Read More
At a time when venture capital funding is slowing in China, EV is one of the few sectors that are still keeping investors excited. Case in point, Zeekr, the luxury …
Two-year-old Zeekr raises $750M at $13B valuation Read More
India is moving to block 232 apps, some with links to China, that offer betting and loan services in the South Asian market to prevent misuse of the citizens’ data, …
India to block over 230 betting and loan apps, many with China ties Read More
After a decade of frantic growth, China’s smartphone market is hitting a speed bump as COVID-19 roils the world’s second-largest economy. The country’s smartphone shipments dropped 14% year-over-year in 2022, …
China smartphone market slumps to 10-year low in 2022 Read More
Shein, the fast fashion behemoth that has swept across the world, is raising a significant down round as the startup world braces for a funding crunch. The e-commerce platform known …
Shein valuation reportedly plummets by a third as it seeks $3B Read More
Eighteen months after its app was suspended in China, ride hailing giant Didi made a comeback on Monday. The move came as China showed signs of easing up its sweeping …
Didi gets China approval to relaunch after 18-month security probe Read More
When Alibaba’s former CEO Jack Ma passed the torch to Daniel Zhang, he established a system that regularly rotates executives to ensure the company always stays agile in the fast-changing …
Alibaba CEO to oversee cloud arm following major server outage Read More