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China Roundup: facial recognition lawsuit and cashless payments for foreigners

China Roundup: facial recognition lawsuit and cashless payments for foreigners 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. This week, a lawsuit sparked a debate over the deployment of China’s […]

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Tesla V10.0 car software update adds Smart Summon, Netflix/YouTube, Spotify, karaoke and more

Tesla V10.0 car software update adds Smart Summon, Netflix/YouTube, Spotify, karaoke and more Tesla is rolling out a new software update that adds a slew of new features to its cars. These include the new ‘Smart Summon’ feature which will allow cars equipped with the optional $5,000 full-self driving package to automatically […]

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Baidu beats estimates on strong video streaming growth

Baidu beats estimates on strong video streaming growth Chinese search giant Baidu on Monday posted a revenue of 26.33 billion yuan ($3.73 billion) for the quarter that ended in June, beating analysts’ estimates of 25.77 billion yuan ($3.65 billion) as its video streaming service iQiyi<span style=”font-weight: 400;”> continues to see strong growth. The […]

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Tencent Q4 profit disappoints, but cloud and payments gain ground

Tencent Q4 profit disappoints, but cloud and payments gain ground China’s Tencent reported disappointing profits in the fourth quarter on the back of surging costs but saw emerging businesses pick up steam as it plots to diversify amid slackening gaming revenues. Net profit for the quarter slid 32 percent to 14.2 billion […]

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Baidu’s video site iQiyi adds 37M subscribers in 2018 amid mounting losses

Baidu’s video site iQiyi adds 37M subscribers in 2018 amid mounting losses China’s Baidu, which is often compared to Alphabet’s Google, is showing no signs of slowing down its pace of betting on video content as its core advertising unit feels the squeeze from rivals. The company’s latest financial results show its video streaming […]

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Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili

Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili Ecommerce giant Alibaba is continuing its push into the world of youth culture after it scooped up an 8 percent stake in anime streaming and game publishing company Bilibili. According to a securities filing on Thursday, Alibaba’s Taobao marketplace has acquired about 24 […]

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It isn’t just apps. China’s cinemas broke records during Lunar New Year

It isn’t just apps. China’s cinemas broke records during Lunar New Year China celebrated Lunar New Year last week as hundreds of millions of people travelled to their hometowns. While many had longed to see their separated loved ones, others dreaded the weeklong holiday as relatives awkwardly caught up with them with […]

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Alibaba’s growth slows to lowest in 4 years

Alibaba’s growth slows to lowest in 4 years China’s Alibaba continues to see slowing expansion in the latest quarter, but the e-commerce giant’s effort to spur new growth from new arenas have started to bear fruit. The Hangzhou-based firm rang up $17 billion in revenue during the third quarter of 2019. That’s […]

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Alibaba replaces video streaming boss amid anti-corruption probe

Alibaba replaces video streaming boss amid anti-corruption probe A top-level reshuffle is sending shockwaves across one of China’s biggest online video businesses. Yang Weidong has stepped down as the president of Alibaba’s video streaming unit Youku, the ecommerce operator confirmed to TechCrunch on Tuesday. Yang is understood to be assisting the police […]

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China’s iQiyi to offer $500M convertible note as content costs balloon

China’s iQiyi to offer 0M convertible note as content costs balloon Chinese video streaming service iQiyi is raising new cash as it feels the squeeze from surging content costs. The video business, which is owned by China’s online search giant Baidu, said on Wednesday that it will issue $500 million in convertible […]

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