China
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Finance
Warburg Pincus announces new $4.25 billion fund for China and Southeast Asia
Warburg Pincus, the private equity fund with over $60 billion under management, is doubling down on Asia after it announced…
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Splyt wants to connect the world’s ride-hailing apps for easy international roaming
The vision of a universal global ride-hailing service is over. Uber’s decision to exit markets like China, Southeast Asia and…
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Trends
FedEx sues the Department of Commerce after incident involving misrouted Huawei packages
FedEx is suing the United States Department of Commerce, claiming that it has been “essentially deputize[d]” to enforce its trade…
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JD.com’s logistics arm raises a $218 million investment fund
The logistics division of JD.com, Alibaba’s closest e-commerce competitor in China, has raised 1.5 billion yuan (about $218 million) to…
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Carrefour sale shifts the balance of power in China’s new retail battle
Hot on the heels of Amazon’s decision to shutter its local marketplace, Carrefour — another global commerce giant — is…
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California has let two Chinese startups offer robotaxis to the public
China’s driverless cars are coming for passengers in the United States. AutoX and Pony.ai just became the first Chinese companies…
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China’s housing unicorn Danke appoints ex-Baidu exec as new COO
A few months after nabbing a handsome $500 million funding round, China’s shared housing startup Danke Apartment got a talent…
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