Trump readying ‘all of the above’ fusillade on Chinese tech

President Trump’s decision to block a mega-merger deal between Broadcom and Qualcomm appears to be just the opening gambit for a significantly bolder strike on Chinese technology and investment firms as well as Chinese nationals learning and working in the United States. For an administration that is as defined by its day-to-day chaos as its […]

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Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

 Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Read More

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Baidu’s video business iQiyi to raise up to $1.5B in US IPO

 Baidu’s iQiyi video division is set to become the latest Chinese tech company to go public in the U.S. after it filed to raise up to $1.5 billion via an IPO on the Nasdaq. The service was started in 2010 by search giant Baidu, which owns a dominant 70 percent of the company. Xiaomi (eight percent) and Hillhouse (six percent) are the other major names that have backed it. A… Read More

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China’s web censors go into overdrive as President Xi Jinping consolidates power

 A week that begins with the repeal of regulation that prevents dictatorship in China is likely to be a busy one for the country’s censorship people, and so it has proven to be. China’s web scrubbers have been busy banning a collection of terms and dropping the hammer on user accounts after the Xi Jinping, the country’s premier, got the all-clear to become ‘President… Read More

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JD.com’s new accelerator focuses on blockchain startups

 JD.com, one of China’s largest e-commerce companies, is launching a new Beijing-based accelerator program for artificial intelligence and blockchain startups. Called AI Catapult, its first batch includes six companies: Bankorus, CanYa, Bluezelle, Nuggets, Republic Protocol and Devery. Read More

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Apple moves iCloud encryption keys for Chinese users to China

 Apple told Reuters that the company had to comply with Chinese authorities and move iCloud data to Chinese data centers. Not everyone’s data is moving to China. This is only going to apply to residents of mainland China who chose China as their main country when they created their Apple account (not Hong Kong, Macau or Taiwan). The Chinese government can now ask Apple to decrypt… Read More

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Google adopts a new approach to bring its AR service to China

 Google has adopted a novel way to circumvent China’s internet censorship system, which continues to block its services, after it partnered directly with three OEMs to bring its augmented reality service to the country. ARCore, the company’s augmented reality SDK for Android, launched in full today following its announcement in November. Google says there are 100 million devices… Read More

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Momo buys Tantan, China’s Tinder, for $600M as Chinese social networks consolidate

 WeChat is far and away the biggest messaging platform in China at the moment, and that is helping to drive a push among the smaller players to get together for better scale. Today, Momo, the Chinese location-based social networking app that has more recently made a big push into dating services and is traded on Nasdaq with a market cap of around $6 billion, announced that it has… Read More

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Xiaomi’s wearable device partner Huami raises $110M in NYSE IPO

 China’s top wearable firm Huami has raised $110 million after it listed on the New York Stock Exchange on Thursday.
Fresh from launching iits Apple Watch-like Amazfit Blip this week, Huami sold 10 million shares at $11 a pop, the mid-point of its price range. The company joined the NYSE under the ‘HMI’ ticker symbol. It potentially raised up to $16.5 million more if… Read More

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Chinese police are using smart glasses to identify potential suspects

 China already operates the world’s largest surveillance state with some 170 CCTV cameras at work, but its line of sight is about to get a new angle thanks to new smart eyewear that is being piloted by police officers. The smart specs look a lot like Google Glass, but they are used for identifying potential suspects. The device connects to a feed which taps into China’s state… Read More

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