China Roundup: Huawei targets cars, ByteDance enters Tencent’s backyard
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world…. »
Category: Tencent
Tim Hortons eyes China coffee drinkers with Tencent investment
Canadian coffee-and-doughnut chain Tim Hortons has secured a heavyweight partner to further its China expansion. The company announced on its social media account (in Chinese) on Tuesday that it has… »
Tencent Music bets on China’s crowded podcasting space
Listeners of podcasts, audiobooks and other audio shows are estimated to number 542 million in China this year, according to a third-party survey by marketing firm iiMedia. It’s a healthy… »
A Chinese city to pump life into local business with WeChat live streaming
China is showing renewed interest in live streaming. As the coronavirus swept through the country and shut down premises in droves, businesses are turning online to drive sales. Many have… »
Will China’s coronavirus-related trends shape the future for American VCs?
Rocio Wu Contributor Rocio Wu is a second-year MBA candidate at Harvard Business School and a venture capitalist. For the past month, VC investment pace seems to have slacked off… »
The Station: Bird and Lime layoffs, pivots in a COVID-19 era and a $2.2 trillion deal
Hello folks, welcome back (or hi for the first time) to The Station, a weekly newsletter dedicated to the all the ways people and packages move around this world. I’m… »
Latin America roundup: SoftBank adds $1B, Stori raises $10M and Grow Mobility puts on the brakes
Sophia Wood Contributor Share on Twitter Sophia Wood is a Venture Partner at Magma Partners. Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source…. »
Investors in LatAm get bitten by the hotel investment bug as Ayenda raises $8.7 million
Some of Latin America’s leading venture capital investors are now backing hotel chains. In fact, Ayenda, the largest hotel chain in Colombia, has raised $8.7 million in a new round… »
China Roundup: Ant Financial’s new boss and Tencent’s army of new apps
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world…. »
China Roundup: GitHub’s China ambitions and WeWork rival’s big hopes
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world…. »
China Roundup: Y Combinator’s short-lived China dream
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world…. »
China Roundup: Alibaba’s Hong Kong listing and Tencent’s new fuel
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world…. »
Tesla V10.0 car software update adds Smart Summon, Netflix/YouTube, Spotify, karaoke and more
Tesla is rolling out a new software update that adds a slew of new features to its cars. These include the new “Smart Summon” feature, which will allow cars equipped… »
India’s Milkbasket in talks to raise over $50M
Milkbasket, a Gurugram-based micro-delivery startup, is in talks to close a new financing round as it looks to expand its footprints in milk, groceries, fruits, and vegetables delivery market that… »
How Zhihu’s become one of China’s biggest hubs for experts
Zhihu may not be as well known outside of China as WeChat or ByteDance’s Douyin, but over the past eight years, it has cultivated a reputation for being one of… »
Mobile gaming is a $68.5 billion global business, and investors are buying in
By the end of 2019, the global gaming market is estimated to be worth $152 billion with 45% of that, $68.5 billion, coming directly from mobile games. With this tremendous growth… »
TikTok-parent is getting into mobile search
China’s ByteDance, which owns popular video sharing app TikTok, is already working to enter the smartphone business and the music streaming space. It appears the world’s most valued startup also has… »
Lessons from the hardware capital of the world
A week is obviously not enough time to truly understand a market as massive and fascinating as China. Hell, it’s not really even enough time to adjust to the 12-hour… »
Alibaba to help Salesforce localize and sell in China
Salesforce, the 20-year-old leader in customer relationship management (CRM) tools, is making a foray into Asia by working with one of the country’s largest tech firms, Alibaba. Alibaba will be… »
White Star Capital eyes Asia growth with new Hong Kong office
For western startups looking to enter Asia and Asian startups expanding globally, more funding has become available as investors are increasingly looking to export local tech solutions to overseas markets…. »
After Baidu tie-up, BMW taps Tencent for autonomous driving in China
China is BMW’s largest market, and the German automaker knows in order to capture the country’s demanding consumers, its future models must support robust autonomous driving capability. But to build… »
Online shopping guide SMZDM surges 44% on China stock market debut
When Chinese internet companies seek initial public offerings, they tend to look to the United States where rules for profitability are less strict. SMZDM, an online shopping guide that few… »
Snap is channeling Asia’s messaging giants with its move into gaming
Snap is taking a leaf out of the Asian messaging app playbook as its social messaging service enters a new era. The company unveiled a series of new strategies that… »
China’s Tencent is raising $6 billion through a bond sale
Tencent, Asia’s largest tech firm, is raising $6 billion after the Hong Kong-listed firm announced a new note sale today. Tencent last tapped the markets when it raised $5 billion… »
Google reshuffles its leadership in Asia Pacific
There’s a changing of the guard within Google’s Asia Pacific business. In recent weeks, personnel changes within two of its most important roles show the search giant is entering a… »
China’s grocery delivery battle heats up with Meituan’s entry
Fast, affordable food delivery service has been life-changing for many working Chinese, but some still prefer to whip up their own meals. These people may not have the time to… »
Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B
Australia-based Airwallex is the latest tech startup to enter the billion-dollar ‘unicorn club.’ The company announced today that it has closed a $100 million Series C round that values its… »
Razer hooks up with Tencent to focus on mobile gaming
Razer is summoning a big gun as it bids to develop its mobile gaming strategy. The Hong Kong-listed company — which sells laptops, smartphones and gaming peripherals — said today… »
Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costs
Tencent Music Entertainment Group, the Chinese answer to Spotify that Tencent spun out and floated on the New York Stock Exchange in December, reported a net loss of 876 million… »
Camera maker Insta360 raises $30M as it eyes 2020 IPO
Insta360, one of the pioneers in making 360-degree cameras, just raised $30 million in a Series C+ funding round from Chinese investors, including Everest Venture Capital, MG Holdings and Huajin Capital…. »
Six-month placements aim to help those hardest hit by the Covid-19 lockdown Summer statement – the key announcements Coronavirus – latest updates See all our coronavirus coverage Rishi Sunak will… »
The daily updates on COVID-19 outbreaks, tragic stories of related fatalities, and our narrowed scope of life due to lockdown have all put the concept of mortality — and for… »
