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China proposes antitrust law ahead of Singles’ Day shopping spree

China proposes antitrust law ahead of Singles’ Day shopping spree Debates over anti-competitive practices amongst China’s internet firms resurface every year in the lead up to Singles’ Day, a time when online retailers exhaust their resources and deploy sometimes sneaky tactics to attract vendors and shoppers. This year, just a day before the world’s largest […]

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Hong Kong insurtech startup Coherent gets $14 million Series A led by Cathay Innovation

Hong Kong insurtech startup Coherent gets million Series A led by Cathay Innovation Based in Hong Kong, Coherent helps insurance providers go digital. With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. The Series A round, led by Cathay Innovation with participation […]

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Despite global headwinds, Chinese hardware startups remain to take on the world

Despite global headwinds, Chinese hardware startups remain to take on the world Bill Zhang lowered himself into lunges on a squishy mat as he explained to me the benefits of the full-body training suit he was wearing. We were in his small, modest office in Xili, a university area in Shenzhen that’s also home to […]

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The race to be China’s top fintech platform: Ant vs Tencent

The race to be China’s top fintech platform: Ant vs Tencent As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, recognized as Ant’s archrival in China. It’s somewhat complicated to do this, not least because they […]

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Indian logistics startup Xpressbees raises $110 million

Indian logistics startup Xpressbees raises 0 million Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, said on Monday it has raised $110 million in a new financing round as online shopping booms in the world’s second largest internet market. The Pune-headquartered startup’s Series E financing round was led by […]

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Apple places supplier Pegatron on probation over labor conditions

Apple places supplier Pegatron on probation over labor conditions Apple has suspended new business with supplier Pegatron after the Taiwan-based original equipment manufacturer misclassified student workers. Apple also said Pegatron broke its Code of Conduct for suppliers. In a statement provided to Bloomberg, Apple said, “Pegatron misclassified the student workers in their program and falsified […]

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Amazon to invest $2.8 billion to build its second data center region in India

Amazon to invest .8 billion to build its second data center region in India Manish Singh Contributor Manish Singh covers India for TechCrunch. Prior to this, he wrote for VentureBeat, CNBC, The Outline, CNET, and Mashable. You can reach out to him at manishsingh at pm dot me More posts by this contributor PUBG Mobile […]

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PUBG Mobile plots return to India following ban

PUBG Mobile plots return to India following ban PUBG Mobile, the sleeper hit title that was banned in India two months ago over cybersecurity concerns, is plotting to make a return in the world’s second largest internet market, two sources familiar with the matter told TechCrunch. The South Korean firm has engaged with global cloud […]

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China’s cash-burning video sector: how Kuaishou lost $1B in 6 months

China’s cash-burning video sector: how Kuaishou lost B in 6 months Rumors have been floating for months that ByteDance is going public with TikTok and Douyin separately. Just last night, Bloomberg reported that ByteDance is seeking a pre-IPO round of $2 billion at a staggering valuation of $180 billion. Before any of that materializes, ByteDance […]

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Google and Walmart face growth hurdles as India caps payments transactions

Google and Walmart face growth hurdles as India caps payments transactions Google and Walmart have a new challenge ahead of them as they race to expand the reach of their payments apps in India: They won’t be permitted to grow beyond a limit. National Payments Corporation of India (NPCI), the body that operates the widely […]

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