Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, according to an announcement posted by the China Securities Regulatory Commission on Tuesday. The...
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January 13, 2021 albert
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The Chinese Uber for trucks Manbang announced Tuesday that it has raised $ 1.7 billion in its latest funding round, two years after it hauled in $ 1.9 billion from investors including SoftBank Group and Alphabet Inc’s venture capital fund CapitalG. The news came fresh...
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November 24, 2020 albert
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YouTube has banned a large number of Chinese accounts it said were engaging in “coordinated influence operations” on political issues, the company announced today. 2,596 accounts from China alone were taken down from April to June, compared with 277 in the first three months of...
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August 5, 2020 albert
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November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $ 360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised for the entire...
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December 2, 2019 albert
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Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $ 400 million in capital and has taken on Xiaomi as a strategic investor, the company announced. The Series C includes an unidentified group of strategic and...
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November 13, 2019 albert
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Sogou, the Chinese search engine, debuted on the New York Stock Exchange on Thursday, under the ticker “SOGO.” After pricing at the top of the range at $ 13 per share, the company raised $ 585 million. Sogou then hovered around $ 13.50 for most...
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November 9, 2017 albert
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Read more… More about Android, China, Smartphones, Reviews, and Xiaomi Mashable
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September 11, 2017 albert
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Oh boy. United Airlines is trending on Weibo, China’s version of Twitter — but it’s not pretty. On Monday, United forcibly removed an Asian man from a Chicago-Louisville flight. In disturbing footage, the security staff are seen struggling with the passenger, before he is removed...
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April 11, 2017 albert
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Qualcomm was hit by a near $ 1 billion fine for violating China’s antitrust regulations in 2015. That was rock bottom — and another example of a U.S. tech firm coming unstuck in China — but the chip-maker spent 2016 steadily sewing up licensing agreements,...
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January 3, 2017 albert
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After a huge loss of market share that has largely gone to new Chinese entrants like Gionee and Oppo, Micromax needs to quickly figure out a new game plan if it wants to get its punch back. Latest blogs for ZDNet
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March 18, 2016 albert
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