Yesterday, the World Health Organization wrapped up its first meeting of a new advisory committee set up to create global governance and oversight standards for human gene editing. The committee was hastily pulled together in December after the revelation last year that a Chinese scientist had genetically modified two embryos using CRISPR technology to remove the […]
View More The World Health Organization is setting up rules and oversight for human gene editingCategory: Shenzhen
Camera maker Insta360 raises $30M as it eyes 2020 IPO
Insta360, one of the pioneers in making 360-degree cameras, just raised $30 million in a Series C+ funding round from Chinese investors including Everest Venture Capital, MG Holdings and Huajin Capital. The Shenzhen-based camera maker declines to disclose its latest valuation. It plans to use the fresh proceeds in research and development, marketing and after-sales services […]
View More Camera maker Insta360 raises $30M as it eyes 2020 IPOAs shared kitchens heat up, a China-based startup, Panda Selected, nabs $50 million led by Tiger Global
A few weeks ago, we told you that former Uber CEO Travis Kalanick looks to be partnering with the former COO of the bike-sharing startup Ofo, Yanqi Zhang, to bring his new L.A.-based company, CloudKitchens, to China. Kalanick didn’t respond to our request for more information, but according to the South China Morning Post (SCMP), his […]
View More As shared kitchens heat up, a China-based startup, Panda Selected, nabs $50 million led by Tiger GlobalOn-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn
Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. Founded in 2013 by Stanford graduate Shing Chow, Lalamove provides logistics and delivery services in a similar style to ride-hailing apps like Uber […]
View More On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicornAmazon is reportedly merging its China import unit with NetEase
You’d be forgiven for not knowing Amazon has operated in China for more than a decade, but perhaps not for much longer. The company is reportedly in talks to merge its China-based import business with local peer Kaola, the cross-border shopping platform run by Chinese internet behemoth NetEase, Caijing reported (link in Chinese) on Tuesday. The deal, […]
View More Amazon is reportedly merging its China import unit with NetEaseXiaomi-backed electric toothbrush Soocas raises $30 million Series C
China’s Soocas continues to jostle with global toothbrush giants as it raises 200 million yuan ($30 million) in a series C funding round. The Shenzhen-based oral care manufacturer has secured the new capital from lead investor Vision Knight Capital, with Kinzon Capital, Greenwoods Investment, Yunmu Capital and Cathay Capital also participating in the round. The new […]
View More Xiaomi-backed electric toothbrush Soocas raises $30 million Series CChina’s Didi teams up with state-owned BAIC to deepen electric vehicle push
Didi Chuxing, China’s largest ride-hailing startup which claims over 550 million registered users, is deepening its focus on electric vehicles after it announced a joint venture with BAIC, a state-owned automotive giant. ‘Jingju’ — as the venture is called — is a partnership between Didi and BAIC affiliate Beijing Electric Vehicle that will develop “next-generation connected-car […]
View More China’s Didi teams up with state-owned BAIC to deepen electric vehicle pushWork on world’s first CRISPR gene-edited babies declared illegal by China
Chinese authorities have declared the work of He Jiankui, who shocked the scientific community by claiming he successfully created the world’s first gene-edited babies, an illegal decision in pursuit of “personal fame and gain.” Investigators have completed preliminary steps in a probe that began in November following He’s claims and say they will “seriously” punish the researcher […]
View More Work on world’s first CRISPR gene-edited babies declared illegal by ChinaTesla breaks ground on Shanghai factory which will product Model 3 EVs for China
Tesla CEO Elon Musk has confirmed that the company’s first overseas factory in Shanghai will focus on producing Model 3 vehicles for the Chinese market only. Musk is currently in China to break ground on the new factory today, which is being developed in partnership with the Shanghai government — an ally that is likely to […]
View More Tesla breaks ground on Shanghai factory which will product Model 3 EVs for ChinaFirst buses, now Shenzhen has turned its taxis electric in green push
Roads in a Chinese city have gotten much quieter in recent years. Shenzhen, widely called the Silicon Valley of hardware, has been pouring resources to phase out rattling diesel vehicles chugging through the city of 12 million people. All public buses in the city went electric by the end of 2017. Taxis soon followed suit. […]
View More First buses, now Shenzhen has turned its taxis electric in green pushSee you in Vegas next week!
It’s on like Donkey Kong! We’ll be seeing you next week, on January 9, 2019 at 6:00 PM, where we’ll mingle and run a full TC pitch-off with a bunch of great hardware companies. I’ve added 40 extra tickets, so hurry! The event will be held at Work In Progress, 317 South 6th Street. Special […]
View More See you in Vegas next week!The end of China’s ride-sharing gig
Over the last few years, millions of Chinese workers managed to earn extra money by being ride-hailing drivers. Many picked the gig because of its flexible schedule. For those who could not otherwise afford to own a car in China’s pricy metropolises, driving around is also a status symbol, even if they are paying off […]
View More The end of China’s ride-sharing gig