Category: Shanghai

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Tesla builds first factory outside United States in Shanghai

sudshr47 July 10, 2018

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A looming trade war with China hasn’t slowed down Elon Musk or his beloved brainchild Tesla.

Right after the car company was forced to raise the prices of its cars by at least $20,000 each due to China’s increased import tariffs on American-made cars, Tesla announced it would open its first international factory in Shanghai.

This will ultimately allow the car manufacturer to circumvent the newly imposed taxes once completed.

Musk was in Shanghai on Tuesday attending a government event — although he did not previously disclose why he was there. Now, it’s safe to say that at least part of the reason was that he was announcing this new factory. Read more…

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Evernote is spinning out its Chinese business and it plans to take it public

sudshr47 June 7, 2018

Here’s a unique approach to Western companies doing business in China. Today, Evernote — the U.S. note-making service — span out its China-based unit into an independent entity with “full autonomy” over its business and services. Evernote introduced its Yinxiang Biji China-based service in 2012, but now it is transitioning to a minority shareholder with […]

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Israeli autonomous technology developer Innoviz is entering China’s car market

sudshr47 June 6, 2018

Innoviz, a developer of light detection and ranging technologies for computer vision and autonomous vehicles, is getting a toehold in China, the world’s fastest growing auto market, through a partnership with the Chinese automotive supplier HiRain Technologies. From offices in Beijing, Chicago, Detroit, Shanghai, Tianjin HiRain serves as a global supplier to some of China’s […]

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Alibaba doubles down on logistics with $1.4B investment in Chinese courier ZTO

sudshr47 May 29, 2018

Alibaba is doubling down on logistics after it led a $1.38 billion investment in Chinese courier firm ZTO Express alongside Alibaba logistics affiliate Cainiao. ZTO went public on the NYSE in 2016 raising $1.4 billion from what was the year’s largest IPO in the U.S. The Shanghai-based company claims to be one of China’s largest […]

View More Alibaba doubles down on logistics with $1.4B investment in Chinese courier ZTO
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Startups can now apply to take part in Google’s first Demo Day event in Asia

sudshr47 May 23, 2018

Google is bringing its Demo Day event to Asia for the first time this September and now the search giant has opened applications for startups wanting to take part. Google’s Demo Day are akin to a short version of an early-stage startup program. As the name suggests its a Demo Day but without the months-long program […]

View More Startups can now apply to take part in Google’s first Demo Day event in Asia
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Startups can now apply to take part in Google’s first Demo Day event in Asia

sudshr47 May 23, 2018

Google is bringing its Demo Day event to Asia for the first time this September and now the search giant has opened applications for startups wanting to take part. Google’s Demo Day are akin to a short version of an early-stage startup program. As the name suggests its a Demo Day but without the months-long program […]

View More Startups can now apply to take part in Google’s first Demo Day event in Asia
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Esports Overwatch League heads to hipster Brooklyn for its finals

sudshr47 May 9, 2018

What could be more perfect than moving the inaugural championship finals for an eSports league from its Los Angeles home to Brooklyn? For Overwatch League, the esports conference created by fiat from Activision Blizzard, the move is the first step in its plans for housing esports teams in cities around the country. Heading from sunny […]

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WeWork confirms deal to buy Naked Hub, one of its main competitors in China

sudshr47 April 12, 2018

WeWork is buying up one of its largest competitors in China after it announced a deal to acquire Naked Hub. The deal was widely reported by Chinese media yesterday, but WeWork has now confirmed it through a blog post from its CEO Adam Neumann. Terms of the transaction are not disclosed but Bloomberg reported that it […]

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Our digital future will be shaped by increasingly mobile technologies coming from China

sudshr47 April 4, 2018

Since the dawn of the internet, the titans of this industry have fought to win the “starting point” – the place that users start their online experiences.  In other words, the place where they begin “browsing”. The advent of the dial up era had America Online mailing a CD to every home in America, which […]

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The time I was turned away from China

sudshr47 November 26, 2017

 Yesterday, Sunday November 26 2017, I was turned away from immigration at Shanghai’s Hongqiao airport by Chinese officials. Alongside a number of other visitors, I had been waiting in line to take advantage of the city’s 144-hour ‘transit’ visa which allows travelers with an onward flight to stay in Shanghai without needing to secure a visa before they travel. The… Read More

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