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VertoFX raises $2M for its African and EM currency trading platform

VertoFX raises M for its African and EM currency trading platform VertoFX, an Africa and emerging markets focused currency trading and payment startup, has raised a $2.1 million seed round, led by Accelerated Digital Ventures. The London based company, with a subsidiary in Lagos, Nigeria, has created a platform that allows businesses […]

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Chinese space station Tiangong-2 is about to burn up over the Pacific

Chinese space station Tiangong-2 is about to burn up over the Pacific The final hours for China’s Tiangong-2 space station are at hand, as the 8-ton piece of hardware will fall to earth, or rather sea, some time in the next 20 hours or so in a controlled deorbit manuever.  But unlike […]

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Congressional testimony reveals some faults in Facebook’s digital currency plans

Congressional testimony reveals some faults in Facebook’s digital currency plans As Facebook continues to lay the foundation for getting some of the world’s largest payment processing and technology companies a seat at the global monetary policy table, the company faces significant obstacles to enacting its plans from both sides of the Congressional […]

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How a Hong Kong startup gets caught up in US-China trade war

How a Hong Kong startup gets caught up in US-China trade war Taylor Host has been operating his artificial intelligence startup out of Hong Kong for more than two years. The American entrepreneur has clients from Europe, North America and Asia, but he settled in the city for its adjacency to Southeast […]

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Facebook’s regulation dodge: Let us, or China will

Facebook’s regulation dodge: Let us, or China will Facebook is leaning on fears of China exporting its authoritarian social values to counter arguments that it should be broken up or slowed down. Its top executives have each claimed that if the U.S. limits its size, blocks its acquisitions, or bans its cryptocurrency, […]

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China startup deals shrink as fundraising for investors plummets

China startup deals shrink as fundraising for investors plummets Chinese startups continue to weather tough times as private investors, caught in a cash crunch, are concentrating money into fewer deals. China’s deal-making activity for startups in the six months ended June halved from a year ago to 1910, according to data from […]

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Snap turns to search giant Baidu to court Chinese advertisers

Snap turns to search giant Baidu to court Chinese advertisers Two years have passed since Snap Inc first struck a deal with Baidu that authorized China’s largest search engine to be a reseller of Snapchat ads for companies in Greater China as well as Japan and South Korea, where Baidu runs a […]

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Online shopping guide SMZDM surges 44% on China stock market debut

Online shopping guide SMZDM surges 44% on China stock market debut When Chinese internet companies seek initial public offerings, they tend to look to the United States where rules for profitability are less strict. SMZDM, an online shopping guide that few people outside China have heard of, has joined a small rank […]

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No technical reason to exclude Huawei as 5G supplier, says UK committee

No technical reason to exclude Huawei as 5G supplier, says UK committee A UK parliamentary committee has concluded there are no technical grounds for excluding Chinese network kit vendor Huawei from the country’s 5G networks. In a letter from the chair of the Science & Technology Committee to the UK’s digital minister […]

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

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 […]

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