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China’s tech firms rush to deliver solutions for grocery shopping

China’s tech firms rush to deliver solutions for grocery shopping Nearly all of China’s largest internet firms have established a presence in online grocery. Just this week, news arrived that Alibaba co-led the $196 million C3 funding round of Nice Tuan, the two-year-old grocery group-buying firm’s fourth round year to date. People […]

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Missfresh racks up $495 million in funding as China’s e-grocery booms

Missfresh racks up 5 million in funding as China’s e-grocery booms The COVID-19 lockdown around the world introduced online grocery to many shoppers for the first time, boosting an industry that had long drawn skepticism. In China particularly, the older generations often worry about buying perishable food without scrutinizing them in person. […]

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India’s Swiggy raises $113M led by Prosus

India’s Swiggy raises 3M led by Prosus Weeks after Zomato acquired Uber’s Eats business in India, its chief local rival is bulking up some ammunition of its own. Swiggy, India’s largest food delivery startup, announced on Wednesday it has raised $113 million as part of its Series I financing round. Prosus Ventures, […]

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China Roundup: Y Combinator’s short-lived China dream

China Roundup: Y Combinator’s short-lived China dream 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. Last week, we looked at how Alibaba and Tencent fared in the last quarter; the […]

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Opera’s Africa fintech startup OPay gains $120M from Chinese investors

Opera’s Africa fintech startup OPay gains 0M from Chinese investors Africa focused fintech startup OPay has raised a $120 million Series B round backed by Chinese investors. Located in Lagos and founded by consumer internet company Opera, OPay will use the funds to scale in Nigeria and expand its payments product to […]

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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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Kurly, a grocery e-commerce startup in Korea, closes upsized $113M Series D round

Kurly, a grocery e-commerce startup in Korea, closes upsized 3M Series D round Kurly, a startup that operates a grocery delivery service in Korea, said today that it has closed an upsized Series D round that reached a total of $113 million. The company announced the round in April when it was […]

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Alibaba reportedly mulling to raise $20B through a second listing in Hong Kong

Alibaba reportedly mulling to raise B through a second listing in Hong Kong Massive news just dropped for Hong Kong’s capital markets. Alibaba, one of the world’s largest tech companies, is considering raising $20 billion through a second listing in Hong Kong, Bloomberg reported on Monday citing sources. TechCrunch has reached out […]

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China’s Source Code Capital raises $570M as it builds a powerful investor network

China’s Source Code Capital raises 0M as it builds a powerful investor network Source Code Capital, the venture capital firm that’s backed some of China’s most prominent tech unicorns and boasts a network of high-profile investors and founders, announced Monday it has closed a new $570 million fund as it continues to […]

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China’s grocery delivery battle heats up with Meituan’s entry

China’s grocery delivery battle heats up with Meituan’s entry Fast, affordable food delivery service has been life-changing for many working Chinese, but some still prefer to whip up their own meals. These people may not have the time to pick up fresh ingredients from brick-and-mortar stores, so China’s startups and large companies […]

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