Ambitious new media firm ByteDance is no longer a secret outside of China

 ByteDance is a name that is about to become very familiar to everyone in international tech circles. Really it should already be. It is valued at $20 billion and its flagship Toutiao news reader app is one of China’s fastest growing internet services with 120 million daily users. It is in the process of raising a $2 billion funding round and revenue for this year is reportedly forecast… Read More

View More Ambitious new media firm ByteDance is no longer a secret outside of China

China serves Trump a very Americanized Chinese meal at its official state dinner

TwitterFacebook

For China’s official state dinner hosting U.S. President Donald Trump, the Asian superpower decided on a Chinese menu that looks…kind of American.

The Thursday evening affair, hosted by Chinese President Xi Jinping at Beijing’s Great Hall of the People, was a glitzy event, attended by the country’s business leaders.

Thanks to Xiaomi CEO Lei Jun who was present, and posted the menu on Weibo, we know what they ate.

Image: lei jun/weibo

The Menu

Starter: 

  • Hors d’Oeuvres

Main:

  • Coconut Flavored Chicken Soup

  • Seafood Chowder

  • Kung Pao Chicken

  • Stewed Beef Steak in Tomato Sauce

  • Braised Vegetables in Premium Broth

  • Grouper Fillets in Hot Chili Oil Read more…

More about Food, China, Donald Trump, Xi Jinping, and International Relations

View More China serves Trump a very Americanized Chinese meal at its official state dinner

Ford launches a new company to make electric cars in China

TwitterFacebook

Ford is pushing to electrify its vehicles going forward, and the company just made another big move to enter the largest market in the burgeoning EV landscape: China. 

The automaker signed a definitive joint venture agreement with China’s Zotye to invest a combined $756 million to build electric cars within the country’s borders. The deal creates a new entity, Zotye Ford Automobile Co. Ltd., for which the companies will hold equal stakes. The two companies previously signed a memorandum of understanding back in August, so the more formal partnership shouldn’t come as a surprise.  

Zotye is no stranger to the Chinese EV market — the brand says it has sold 22,500 of its small, all-electric cars as of October. The carmaker’s experience and presence in China will no doubt be valuable to Ford, which faces competition from fellow U.S. auto giants like GM, which has already unveiled a small EV for Chinese urbanites through its Baojun brand, the E100Read more…

More about China, Ford, Electric Cars, Electric Vehicles, and Tech

View More Ford launches a new company to make electric cars in China

Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suisse

 WeLab, an financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series B+, brings its total funding so far to $425 million. Investors include the Alibaba Hong Kong Entrepeneurs Fund, the World Bank’s International Finance Corporation (IFC) and Credit Suisse,… Read More

View More Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suisse

Trump’s still tweeting from China even through the country’s Twitter ban

TwitterFacebook

Twitter is never out of reach for President Donald Trump. 

The president is in China right now, one stop on a multi-part tour through Asia. And even though mainland China has blacked out Twitter since 2009, Trump is somehow still tweeting.

Two of his three tweets were just him saying nice things about China.

On behalf of @FLOTUS Melania and I, THANK YOU for an unforgettable afternoon and evening at the Forbidden City in Beijing, President Xi and Madame Peng Liyuan. We are looking forward to rejoining you tomorrow morning! https://t.co/ma0F7SHbVU

— Donald J. Trump (@realDonaldTrump) November 8, 2017 Read more…

More about Twitter, China, Donald Trump, Tech, and Big Tech Companies

View More Trump’s still tweeting from China even through the country’s Twitter ban

House that can be built in a day is 30 times more affordable than a Beijing apartment

“People’s Architecture Office” (PAO) was commissioned by a young Chinese newlywed, Mrs. Fan, to renovate her family home in a historic Hutong neighborhood of Beijing. This was not a common renovation, but rather a complete re-invention of the traditi…

View More House that can be built in a day is 30 times more affordable than a Beijing apartment

IDC forecast predicts strong demand for iPhone X in China

 Apple’s return to growth in the saturated China smartphone market was echoed by a report from IDC, out this morning, which attributes the rise in Apple’s market share to the strong sales of the new iPhone 8 and iPhone 8 Plus. Apple’s rebound indicates there’s still pent-up demand for iPhones in China, the report also noted. And it forecast the launch of the iPhone X… Read More

View More IDC forecast predicts strong demand for iPhone X in China

Apple’s revenues in China are growing again

 Apple’s blockbuster Q4 pushed the company’s valuation to $900 billion, but it also saw the firm return to growth in key market China following a challenging past couple of years.
Analysts already reported that Apple saw shipment growth in China during the last quarter with a 41 percent increase, but now the company’s latest financial report confirmed that revenue was up, too. Read More

View More Apple’s revenues in China are growing again

China’s Uber is going to build a charging network to cover millions of electric cars

TwitterFacebook

Didi Chuxing, which famously defeated Uber in China and conquered its huge domestic market, is planning to build an expansive charging network to support millions of electric cars.

The ride-hailing company has 21 million drivers, out of which 260,000 are driving electrics. That’s a mindbending one quarter share of the world’s entire two million EVs (electric vehicles) on the road — and Didi said it expects its EV fleet to hit one million in 2020.

On Thursday, Didi pledged that its planned charging network would be large enough to also support other EVs owned by members of the public. Read more…

More about China, Electric Cars, Evs, Didi Chuxing, and Ev

View More China’s Uber is going to build a charging network to cover millions of electric cars