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Bitcoin crashes on minor news from China
Cryptocurrency markets crashed on Wednesday night, with Bitcoin hitting $30,000 its lowest price since January. The abrupt sell-off came amid a plunging market and was widely attributed to a “ban” on...
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Pinduoduo doubles down on agriculture after posting revenue beat
Chinese e-commerce giant Pinduoduo posted better-than-expected results for the first quarter of this year, readying for more investments in agriculture research and logistics. Why it matters: Facing...
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China Tech Investor: Baidu, Tencent, and JD earnings, with Michael Norris
China Tech Investor is a weekly look at China’s tech companies through the lens of investment. Each week, hosts Elliott Zaagman and James Hull go through their watch list of publicly listed tech...
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Chinese ride-hailing giant Didi files for US IPO
Chinese ride-hailing platform Didi filed for an initial public offering on Thursday. The company plans to trade on either the New York Stock Exchange or Nasdaq. Why it matters: Valued at $62 billion,...
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SMIC raises growth forecast with strong second-quarter results
China’s biggest chipmaker, Semiconductor Manufacturing International Corp (SMIC), posted strong revenue and profit growth in earnings released on Thursday. Why it matters: SMIC posted robust growth...
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Self-driving startup Qcraft secures $100 million investment
Qcraft, an autonomous vehicle startup backed by several prominent investors, announced on Monday that it had secured a $100 million investment. Investors include YF Capital, a private equity firm...
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Softbank’s latest China bet is an autonomous delivery startup
Neolix, a startup developing autonomous vehicles (AV) for delivery services, said on Wednesday it has raised “hundreds of millions of RMB” from Softbank Ventures Asia, an early-stage investment arm of...
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Bilibili earnings top estimate but share drops on Chinese regulatory concerns
Chinese video streaming site Bilibili on Thursday posted better-than-expected financial results for the quarter ending in June, but the company’s shares dropped as regulatory concerns linger. Why it...
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China Tech Investor: Kuaishou, Tencent, and Xiaomi earnings, with Michael Norris
China Tech Investor is a weekly look at China’s tech companies through the lens of investment. Each week, hosts Elliott Zaagman and James Hull go through their watch list of publicly listed tech...
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China’s flying car startup HT Aero raises $500 million
Chinese flying car startup HT Aero has raised $500 million as part of a new round of funding as it pushes to popularize its technology. Why it matters: HT Aero, an Xpeng-affiliated company, said the...
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