China Tech News

Vertex Ventures China has raised at least $375 million so far for its fifth China-focused fund.

The next batch of entrants to the $1-billion-valuation club, will likely come from technology sectors such as semiconductors and green technology.

JPMorgan and Standard Chartered won Chinese regulatory approval to expand operations in China.

After over a year of being reviewed by Chinese regulators, online ride-hailing platform Didi officially announced on January 16 that it has resumed new user registration.

BYD is embarking on a rapid global expansion to challenge Tesla but for now it’s stuck in the slow lane on its rival’s home turf.

China will soon launch a state–backed platform for transport which includes services of ride-hailing, cargo trucking, road transport, railway, ferry and flight services.

Hashkey Capital has closed its third fund, HashKey FinTech Investment Fund III, at $500 million, per an announcement.

Taikang Life Insurance has set up a 2-billion-yuan ($298.5 million) new fund to invest in the green energy industry in China.

Feishu revealed its focus will shift to overseas markets like Japan, Southeast Asia, and Europe.

Chinese tourists are slowly resuming foreign travel, but the relatively low numbers over the Lunar New Year holiday indicate there is still a long way to go.

Demand for Web3 talent remains amid downturn, nearly 30,000 unfilled roles available in the Web3 space, the firm says.

The billionaire founder of Ant Group, Jack Ma, is to give up control of the Chinese fintech giant after a regulatory crackdown.