There’s worrying news from China’s online media world as ByteDance, the $75 billion company behind popular video app TikTok is taking a news site to court for alleged defamation after it published a story about ByteDance’s fake news problem in India. U.S. tech firms have come to rely on media to help uncover issues, but Chinese […]
View More TikTok parent ByteDance sues Chinese news site that exposed fake news problemCategory: Baidu
How a Chinese anti-virus software maker builds a fintech firm to wrestle with giants
360 Finance, an online consumer loan platform that spun off from China’s anti-virus service giant 360 Group, has joined a raft of Chinese fintech companies to go public in the U.S. over the last two years. The company priced its initial public offering at $16.50 per share last Friday, raising $51 million by selling 3.1 […]
View More How a Chinese anti-virus software maker builds a fintech firm to wrestle with giantsLightspeed is raising its largest China fund yet
Lightspeed China Partners has filed to raise $360 million for its fourth venture fund.
View More Lightspeed is raising its largest China fund yetLemonBox, which brings US vitamins to Chinese consumers, raises $2M
LemonBox, a Chinese e-commerce startup that imports vitamins and health products from the US, has raised $2 million to develop its business. The company graduated from Y Combinator’s most recent program in the U.S. and, fuelled by the demo day, it has pulled in the new capital from 10 investors which include Partech, Tekton Ventures, […]
View More LemonBox, which brings US vitamins to Chinese consumers, raises $2MWhat China searched for in 2018: World Cup, trade war, Apple
Soon after Google unveiled the top trends in what people searched for in 2018, Baidu published what captivated the Chinese in a parallel online universe, where most of the West’s mainstream tech services including Google and Facebook are inaccessible. Google’s year in search 2018: the World Cup, Fortnite GIFs and Bitcoin China’s top search engine […]
View More What China searched for in 2018: World Cup, trade war, AppleAfter losing half its value, Nvidia faces reckoning
Nvidia is a company that has reached the highest highs and the lowest lows, all in the span of a couple of weeks. TechCrunch is experimenting with new content forms. This is a rough draft of something new – provide your feedback directly to the author (Danny at danny@techcrunch.com) if you like or hate something […]
View More After losing half its value, Nvidia faces reckoningAlibaba replaces video streaming boss amid anti-corruption probe
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 video streaming unit Youku, the ecommerce operator confirmed to TechCrunch on Tuesday. Yang is understood to be assisting the police with an investigation into “an alleged case of seeking economic benefits,” […]
View More Alibaba replaces video streaming boss amid anti-corruption probeChina’s iQiyi to offer $500M convertible note as content costs balloon
Chinese video streaming service iQiyi is raising new cash as it feels the squeeze from surging content costs. The video business, which is owned by China’s online search giant Baidu, said on Wednesday that it will issue $500 million in convertible senior notes. Proceeds from the offering will go towards content and technology investments as […]
View More China’s iQiyi to offer $500M convertible note as content costs balloonChina leaves Huawei founder off honor roll marking 40 years of economic success
In the lead up to China’s 40th anniversary of reforms and opening up, People’s Daily, the mouthpiece of the ruling Communist Party, published a list on Monday commending 100 extraordinary contributors to the country’s economic development. Familiar names like Jack Ma of ecommerce operator Alibaba as well as Pony Ma of gaming and social networking […]
View More China leaves Huawei founder off honor roll marking 40 years of economic successHospital in China denies links to world’s first gene-edited babies
News of the world’s first ever gene-edited human babies being born in China caused a huge stir on Monday after the MIT Technology Review and the Associated Press brought the project to light. People in and outside China rushed to question the ethical implications of the scientific breakthrough, reportedly the fruit of a Chinese researcher named He Jiankui from a university […]
View More Hospital in China denies links to world’s first gene-edited babiesChina’s hottest news app Jinri Toutiao announces new CEO
You may not have heard of ByteDance, but you probably know its red-hot video app TikTok, which gobbled up Musical.ly in August. The Beijing-based company also runs a popular news aggregator called Jinri Toutiao, which means “today’s headlines” in Chinese, and the app just assigned a new CEO. At a company event on Saturday, Chen Lin, an […]
View More China’s hottest news app Jinri Toutiao announces new CEOBaidu leads $300M investment to bring its search smarts to elevator ads
China’s largest search engine Baidu is getting an offline revenue boost after it led a $300 million strategic round in Xinchao Media, a company that shows people ads when they’re waiting for an elevator – or stuck in one. The tie-up will see the partners collaborate on data integration that knits reams of search data […]
View More Baidu leads $300M investment to bring its search smarts to elevator ads