A few years ago, robotaxis were the darlings of venture capitalists in China. A cadre of audacious startups, including Deeproute.ai, WeRide.ai, Pony.ai and Momenta reeled in hundreds of […]
Temu’s latest lawsuit against Shein is wild
Earlier this week, The Exchange argued that the PDD-Shein rivalry was worth keeping an eye on. PDD is a Chinese company that owns the well-known Pinduoduo e-commerce business […]
Qogita — a wholesale marketplace for retailers — raises $86M Series B to compete with Ankorstore in Europe
Qogita, a two-sided e-commerce wholesale marketplace aimed at retailers largely in the health and beauty sectors, has raised €80 million ($86 million) in a Series B round led […]
We should all be paying more attention to the PDD-Alibaba rivalry
Clothing retailer Shein’s filing confidentially for a U.S. IPO has brought low-cost retailers from the People’s Republic of China to the forefront of both consumers’ and regulators’ minds. […]
Vancouver’s Fantuan raises $40M to deliver real Chinese food at your doorstep
For those who move abroad from China, one thing they miss dearly is the convenience of food delivery apps. Fantuan, a Vancouver-based company, has been working on replicating […]
‘Animate Anyone’ heralds the approach of full-motion deepfakes
As if still-image deepfakes aren’t bad enough, we may soon have to contend with generated videos of anyone who dares to put a photo of themselves online: with […]
As Temu shakes up global ecommerce, PDD nears overtaking Alibaba
PDD, the firm behind the fast-growing shopping app Temu, is shaking up China’s Big Tech club. On Thursday, news of Alibaba’s market cap sliding under that of PDD […]
The fate of US venture capital in China teeters on uncertainty
On a weekday afternoon at Red Rock Coffee, the cafe known for spotting venture capitalists in Silicon Valley, one is likely to overhear a few conversations in Mandarin. […]
US chip export ban is hurting China’s AI startups, not so much the giants yet
Well before Washington banned Nvidia’s exports of high-performance graphic processing units to China, the country’s tech giants had been hoarding them in anticipation of an escalating tech war […]
China’s EV upstart Li Auto hunts for chip talent in Singapore
Li Auto, a electric vehicle maker adored by young Chinese families, is stepping up its endeavors to build in-house automotive chips and has gone abroad to seek talent […]