China Tech News

Sunrate serves SMES, importers, and exporters with its suite of cross-border payment solutions as Chinese goods are hot in demand.

Tencent has taken a small stake in Britain's Monzo as part of a fundraising, weeks after Monzo fetched a valuation of $4.5 billion.

China Mobile will start trading in Shanghai on Wednesday after raising $7.7 billion in China’s biggest public share offering in a decade.

The "e-CNY " app, developed by the People's Bank of China's digital currency research institute, was available for download on Chinese Android and Apple app stores.

The Phanta Bears, a collection of 10,000 algorithmically-generated digital avatars launched as a spin-off from Chou’s PHANTACi fashion brand.

Descending from the cloudy heavens, drones are helping the company get to places harder to reach by bike or car.

Original shareholder, Youku Information Technology withdrew, and Alibaba Digital Media & Entertainment Group acquired its 100% shareholding.

The core information system of the Beijing Winter Olympics has achieved 100% operation on Alibaba Cloud.

Liweike announced that it has obtained investment from ByteDance affiliate Beijing Quantum Jump Technology.

Setting up a “3+2” organizational structure. The two formerly independent business groups are now merged, with three centers.

The partnership will see Atmosphere develop a new channel on its platform dedicated to curated TikTok videos. TikTok content could be used for an out-of-home video service.

Hong Kong and China Gas Co and IDG Capital are launching the city’s first known carbon-focused fund targeting opportunities in mainland China.

During the first half of 2021, 4Paradigm took the biggest market share in the Chinese machine learning market for the fourth consecutive year.

Zvision, a Chinese startup that makes lidar sensors for self-driving cars, announced a new investment from Xpeng Motors.

The fresh funds will be used to improve Bosch’s layout in the automated driving industry chain, and also to accelerate R&D and application.

Plant-based food technology company Starfield compeleted Series B round of financing totaling $100 million, led by Primavera Capital Group and followed by Zeng Ming.

Fraction, a Hong Kong and Thailand-based fintech firm that tokenizes real estate, has raised US$3 million in a pre-series A round.

Chinese tech firms are seeing investors boost their proportion of Hong Kong-traded shares away from American Depository Receipts, as tougher US regulatory oversight and elevated bilateral tensions.

The firm is expected to reach this benchmark in its own operations in 2023, while zero net emissions of all ride-hailing travel orders will be completed by 2035.

Industry players may face new challenges: a looming price war among competitors will likely reduce profits.

The next-generation delivery robots will be equipped with components provided by the automaker such as electric motors and lithium-iron-phosphate blade batteries.

JD and Shopify have entered a strategic partnership to help global brands sell in the Chinese market and Chinese merchants looking to sell overseas.

ByteDance has acquired cinema ticketing platform Yingtuobang and online comics service Yizhikan Comics to expand to the entertainment market.

Kuaishou has opened its e-commerce store to local merchants managing online-to-offline services, including everything from food delivery to hospitality.

Chinese digital audio platform Ximalaya launched an authorized audio drama based on the novel named League of Legends: My Time.

Taobao updates its purchase recommendation service HeyBox to turn it into HeyDesign, a blockchain-powered platform for digital artworks.

The hire is the latest sign that Xiaomi is serious about venturing into the EV industry. Yu has come aboard as vice president of Xiaomi’s auto unit and a “political commissar”.

The achievement means that WeRide is fully capable in raising efficiency on the test and enabling its AD system to operate under complex traffic conditions.

The move comes as competition in the Chinese coffee market is intensifying, and is aimed at expanding the availability of Starbucks across different delivery platforms.

China’s top market regulator fined Tencent, Alibaba, JD.com, and Bilibili for failing to report 13 merger deals to authorities in advance, signaling regulatory crackdown.