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Y Combinator’s short-lived China dream

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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...

Opera’s Africa fintech startup OPay gains $120M from Chinese investors

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Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet...

Hellobike, survivor of China’s bike-sharing craze, goes electric

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Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the...

Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series...

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Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached...

China’s grocery delivery battle heats up with Meituan’s entry

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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...

China’s Didi reportedly lost a staggering $1.6 billion in 2018

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China’s largest car-hailing company is facing relentless pressure from all fronts. Beijing-based Didi Chuxing reportedly lost a staggering 10.9 billion yuan ($1.6 billion) in...

Grab moves to offer digital insurance services in Southeast Asia

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Grab is Southeast Asia’s top ride-hailing firm, thanks in no small part to its acquisition of Uber’s local business last year, but the company...

Alibaba replaces video streaming boss amid anti-corruption probe

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A top-level reshuffle is sending shockwaves across one of China’s biggest online video businesses. Yang Weidong has stepped down as the president of Alibaba’s...

Meituan, China’s ‘everything app’, walks away from bike sharing and ride...

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A major player in the race to transport Chinese people around is losing steam. Meituan Dianping, the Tencent-backed all-encompassing platform for local services, continues...

Cryptocurrency and blockchain bring Asia funds to the forefront of U.S. tech

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Since early 2017, there’s been a new trend in the U.S. where a number of Asian funds have been actively involved in early-stage crypto...