TuSimple adds another $120 million to its self-driving trucks war chest

TuSimple adds another $120 million to its self-driving trucks war chest

Self-driving truck startup TuSimple has added another $120 million to a Series D funding round led by Sina, operator of China’s biggest microblogging site Weibo, bringing the total haul to $215 million as it seeks to expand. The company, which launched in 2015 and has operations in China, San Diego Read more…

SimShine raises $8 million for home security cameras that use edge computing

SimShine raises $8 million for home security cameras that use edge computing

SimShine, a computer vision startup based in Shenzhen, has raised $8 million in pre-Series A funding for SimCam, its line of home security cameras that use edge computing to keep data on-device. The funding was led by Cheetah Mobile, with participation from Skychee, Skyview Fund and Oak Pacific Investment. Earlier Read more…

SellerMotor data

American tariffs are having a bigger impact on U.S.-based Amazon vendors than their competitors in China, according to SellerMotor

The series of tariffs imposed by the United States on Chinese goods has impacted both U.S. and China-based Amazon vendors, but U.S. sellers are taking a bigger hit to their sales, according to data from cross-border e-commerce analytics company SellerMotor. The gap has widened since the round of tariffs on Read more…

Alibaba acquires NetEase Kaola in deal worth $2 billion

Alibaba acquires NetEase Kaola in deal worth $2 billion

Alibaba Group said today it has acquired NetEase Kaola for $2 billion and will integrate it into Tmall, creating the largest cross-border e-commerce platform in China. The announcement follows weeks of media reports about a potential deal, which was said to have stalled in the middle of August after the Read more…

Walmart-owned Flipkart bets on free video streaming service and Hindi support to win next 200 million internet users in India

Why Walmart’s Flipkart is betting heavily on Hindi

To win India’s next 200 million internet users, e-commerce giant Flipkart wants to speak their language Flipkart, the largest e-commerce platform in India, said Tuesday it has concluded the roll-out of a range of features to its shopping app in what is its biggest update in recent years. Chief among Read more…

Alibaba reportedly near finalizing a deal to acquire NetEase’s cross-border e-commerce unit

Alibaba reportedly near finalizing a deal to acquire NetEase’s cross-border e-commerce unit

After weeks of media reports, Alibaba may finally be nearing an agreement to acquire NetEase’s cross-border e-commerce unit, Kaola. Chinese tech news website 36kr reports that a deal may be announced as early as this week and is expected to be worth $2 billion in cash and shares. Kaola will Read more…

How Zhihu’s become one of China’s biggest hubs for experts

How Zhihu’s become one of China’s biggest hubs for experts

Zhihu may not be as well known outside of China as WeChat or ByteDance’s Douyin, but over the past eight years, it has cultivated a reputation for being one of the country’s most trustworthy social media platforms. Originally launched as a question-and-answer site similar to Quora, Zhihu has grown to Read more…

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WeChat restricts controversial video face-swapping app Zao, citing “security risks”

Zao went viral in China this weekend for its realistic face-swapping videos, but after controversy about its policies, WeChat restricted access to the app on its messaging platform. Developed by a unit of Momo, one of China’s most popular dating apps, Zao creates videos that replace the faces of celebrities Read more…