China
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Trends
Y Combinator abruptly shutters YC China
Prolific startup accelerator Y Combinator has abandoned plans to establish a branch of the program in China. The company cites…
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Trends
Opera’s Africa fintech startup OPay gains $120M from Chinese investors
Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos…
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Trends
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…
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Trends
Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi as strategic investor
Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $400 million…
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Trends
China Roundup: facial recognition lawsuit and cashless payments for foreigners
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what…
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STARTUPS
MIT is reviewing its relationship with AI startup SenseTime, one of the Chinese tech firms blacklisted by the US
The Massachusetts Institute of Technology said it is reviewing the university’s relationship with SenseTime, one of eight Chinese tech companies…
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Finance
PayPal to enter China through GoPay acquisition
The People’s Bank of China has approved PayPal’s acquisition of a 70% equity state in GoPay (Guofubao Information Technology Co.…
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Trends
Alibaba unveils Hanguang 800, an AI inference chip it says significantly increases the speed of machine learning tasks
Alibaba Group introduced its first AI inference chip today, a neural processing unit called Hanguang 800 that it says makes…
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