Article Trunk



Posts Tagged ‘beijing’

Africa’s top mobile phone seller Transsion to list in Chinese IPO

Chinese mobile-phone and device maker Transsion will list in an IPO on Shanghai’s STAR Market, Transsion confirmed to TechCrunch. The company—which has a robust Africa sales network—could raise up to 3 billion yuan (or $426 million). “The company’s listing-related work is running smoothly. The registration application and issuance process is still underway, with the specific ...

China’s coffee upstart Luckin pushes into India and Middle East

Luckin continues to expand at jaw-dropping speed as it announced plans to open shop overseas for the first time. On Monday, the Starbucks challenger from China said it has signed a memorandum of understanding to set up a joint venture with Americana Group, a major international food group. The deal will see Luckin launch a ...

After Baidu tie-up, BMW taps Tencent for autonomous driving in China

China is BMW’s largest market, and the German automaker knows in order to capture the country’s demanding consumers, its future models must support robust autonomous driving capability. But to build it itself in China is hardly possible. The success of autonomous driving relies in part on high-definition mapping, a process that requires an expansive collection ...

Hellobike, survivor of China’s bike-sharing craze, goes electric

Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players is a survivor from the bike-sharing craze. Blessed with fundings from ...

WeChat wants to own tourism

When people travel, they usually have a list of apps installed to navigate a new city, find restaurants, book transit tickets and more. China’s top chat app WeChat has designs on claiming that spot with a new strategy that lumps all these functions into a collection of destination-specific apps. Operated by Tencent, Asia’s second most ...

China’s Didi removes 300,000 drivers amid safety overhaul

2018 was the year when Didi Chuxing, the ride-hailing company that defeated Uber in China, vowed to put safety ahead of rocket-ship growth after two deadly passenger incidents. One way it works to ramp up safety is a stricter vetting process for drivers. The mobility giant said Tuesday to a group of media that it ...

Intel and Baidu partner on Nirvana Neural Network AI training processor

At Baidu’s Create conference for AI developers in Beijing today, the company and Intel announced a new partnership to work together on Intel’s new Nervana Neural Network Processor for training. As its name very clearly states, this forthcoming chip (NNP-T for short) is a processor built specifically for the task of training neural networks for ...

Carrefour sale shifts the balance of power in China’s new retail battle

Hot on the heels of Amazon’s decision to shutter its local marketplace, Carrefour — another global commerce giant — is switching up its approach to China, and shifting the balance of power between the country’s tech giants. Carrefour, which is Europe’s largest retailer, sold a majority 80% stake in its China-based business to Chinese retailer ...

California has let two Chinese startups offer robotaxis to the public

China’s driverless cars are coming for passengers in the United States. AutoX and Pony.ai just became the first Chinese companies allowed to offer self-driving robotaxis in the state of California, according to notices posted on the website of the California Public Utilities Commission this week. Started in 2016 by Princeton University professor Jianxiong Xiao, called ...

Google defeats shareholders on ‘Dragonfly’ censored search in China

A shareholder resolution aimed at halting Google’s efforts to bring a censored version of its search engine to China has failed. Shareholders tabled a resolution to demand Google put the brakes on its controversial search engine efforts in China. The program, internally dubbed “Dragonfly,” is said to be a censorship-friendly search engine with the capability ...