China
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Trends
Yahoo spin-out Altaba is selling its entire Alibaba stake and closing down
Bye-bye, Altaba. The Yahoo spin-out created to house Yahoo’s lucrative stake in Alibaba and Yahoo Japan announced today that it…
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Finance
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…
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Trends
How Nuro plans to spend Softbank’s $940 million
Autonomous delivery startup Nuro is bursting with ideas since SoftBank invested nearly $1 billion in February, new filings reveal. A…
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Trends
Boeing is moving to address potential issues in new 737s as Europe bans its plane
In the wake of the second fatal crash in six months involving Boeing 737 Max 8 airplanes, the European Aviation…
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Trends
Intel kills 5G deal with China’s Unigroup over U.S. security concerns
Intel has halted a long-term plan to share 5G modem technology with a Chinese government-backed chipmaker, due in part to…
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Finance
China wants its rural villages to go cashless by 2020
Residents of even the tiniest far-flung villages in China may soon be able to pay on their phones to run…
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Trends
China’s Didi reportedly lost a staggering $1.6 billion in 2018
China’s largest car-hailing company is facing relentless pressure from all fronts. Beijing-based Didi Chuxing reportedly lost a staggering 10.9 billion…
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PayPal shutters Malaysia office as part of customer service reorg
Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The…
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