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India approves Apple partners and Samsung for $143 billion smartphone manufacturing plan

India approves Apple partners and Samsung for 3 billion smartphone manufacturing plan Samsung and three major contract manufacturing partners of Apple are among 16 firms to win $6.65 billion incentives under India’s federal plan to boost domestic smartphone production over the next five years. These companies had applied for the incentive program […]

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China’s EV startup Xpeng pulls in $500 million Series C+

China’s EV startup Xpeng pulls in 0 million Series C+ Xpeng, an electric vehicle startup run by former Alibaba executive He Xiaopeng, said Monday it has raised around $500 million in a Series C+ round to further develop models tailored to China’s tech-savvy middle-class consumers. The announcement followed its Series C round […]

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Foxconn’s profits plunged nearly 90%, due to COVID-19 shutdown

Foxconn’s profits plunged nearly 90%, due to COVID-19 shutdown As earnings season winds down, we’re getting a solid picture on just how profoundly the COVID-19 pandemic has impacted corporations’ bottomline. Taiwan-based manufacturing giant Foxconn is among those companies that were utterly walloped over the previous quarter. Plant shutdowns — particularly in China […]

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Xiaomi, Samsung and others begin to resume smartphone production in India

Xiaomi, Samsung and others begin to resume smartphone production in India Xiaomi, Vivo, Samsung, Oppo and other smartphone companies have received approval from some state governments in India to partially resume manufacturing and assembling of devices amid the ongoing lockdown in the world’s second largest handset market that completely shut operations at […]

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Apple’s Magic Keyboard Review: Laptop class typing comes to iPad Pro

Apple’s Magic Keyboard Review: Laptop class typing comes to iPad Pro Over the past two years, I’ve typed nearly every word I’ve written while traveling on the iPad Pro’s Smart Keyboard Folio. For more on why you can see my iPad Pro review here. For the purposes of this look at the […]

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China Roundup: Alibaba’s Hong Kong listing and Tencent’s new fuel

China Roundup: Alibaba’s Hong Kong listing and Tencent’s new fuel Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. The earnings season is here. This week, long-time archrivals in the Chinese […]

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Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi as strategic investor

Chinese EV startup Xpeng Motors raises 0 million, takes on Xiaomi as strategic investor Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $400 million in capital and has taken on Xiaomi as a strategic investor, the company announced. The Series C includes […]

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Startups Weekly: SoftBank’s second act

Startups Weekly: SoftBank’s second act Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I noted some challenges plaguing mental health tech startups. Before that, I wrote […]

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SoftBank announces AI-focused second $108 billion Vision Fund with LPs including Microsoft, Apple and Foxconn

SoftBank announces AI-focused second 8 billion Vision Fund with LPs including Microsoft, Apple and Foxconn SoftBank Group announced today that it will launch its second Vision Fund with participation from Apple, Foxconn, Microsoft and other tech companies and investors. Called the Vision Fund 2, the fund will focus on AI-based technology. SoftBank […]

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Terry Gou resigns as Foxconn’s chairman to run for president of Taiwan

Terry Gou resigns as Foxconn’s chairman to run for president of Taiwan Terry Gou said at Foxconn’s annual general meeting today that he is leaving the electronics manufacturing giant as he prepares to run for president of Taiwan. Gou, who founded Foxconn (also known as Hon Hai Precision Industry Co.) 45 years […]

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