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Jack Ma officially retires as Alibaba’s chairman

Jack Ma officially retires as Alibaba’s chairman Jack Ma stepped down as Alibaba’s chairman today, handing the role over to the company’s current CEO Daniel Zhang. The transition was announced a year ago. Ma will continue serving on Alibaba’s board until its annual general shareholders’ meeting next year. He also remains a […]

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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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Tencent CEO warns companies must keep innovating to survive amid US-China tensions

Tencent CEO warns companies must keep innovating to survive amid US-China tensions On Tuesday, Tencent’s usually low-profile founder and CEO Pony Ma made rare comments to weigh in on escalating tensions between the United States and China, calling domestic tech companies to build more self-reliance in a bid to stay competitive. “China […]

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Bill Gates and Jeff Bezos-backed fund invests in a global geothermal energy project developer

Bill Gates and Jeff Bezos-backed fund invests in a global geothermal energy project developer Breakthrough Energy Ventures, the investment firm financed by billionaires like Jeff Bezos, Bill Gates, and Jack Ma that invests in companies developing technologies to decarbonize society, is investing $12.5 million in a geothermal project development company called Baseload […]

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Tiger Global and Ant Financial lead $500M investment in China’s shared housing startup Danke

Tiger Global and Ant Financial lead 0M investment in China’s shared housing startup Danke A Chinese startup that’s taking a dorm-like approach to urban housing just raised $500 million as its valuation jumped over $2 billion. Danke Apartment, whose name means “eggshell” in Chinese, closed the Series C round led by returning […]

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With $90 million in funding, the Ginkgo spinoff Motif joins the fight for the future of food

With million in funding, the Ginkgo spinoff Motif joins the fight for the future of food Continuing its quest to become the Amazon Web Services for biomanufacturing, <a href=”http://ginkgobioworks.com/”>Ginkgo Bioworks has launched a new spinoff called Motif Ingredients with $90 million in funding to develop proteins that can serve as meat and […]

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Alibaba hits the gas on mobility as its bike sharing service adds carpooling

Alibaba hits the gas on mobility as its bike sharing service adds carpooling Carpooling is heralded to be environmentally friendly and money-saving, but in smog-stricken China, the transportation option became a source of public concerns after two female passengers got murdered during their lifts with Didi Chuxing drivers. The ride-hailing app has […]

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Oil and gas giants Chevron and Occidental are backing tech to combat carbon emissions

Oil and gas giants Chevron and Occidental are backing tech to combat carbon emissions Carbon Engineering, a Canadian company developing technology to remove carbon dioxide from the atmosphere and process it for use in enhanced oil recovery or in the creation of new synthetic fuels, has locked in financing from two big […]

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How a Chinese anti-virus software maker builds a fintech firm to wrestle with giants

How a Chinese anti-virus software maker builds a fintech firm to wrestle with giants 360 Finance, an online consumer loan platform that spun off from China’s anti-virus service giant 360 Group, has joined a raft of Chinese fintech companies to go public in the U.S. over the last two years. The company […]

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China leaves Huawei founder off honor roll marking 40 years of economic success

China leaves Huawei founder off honor roll marking 40 years of economic success In the lead up to China’s 40th anniversary of reforms and opening up, People’s Daily, the mouthpiece of the ruling Communist Party, published a list on Monday commending 100 extraordinary contributors to the country’s economic development. Familiar names like […]

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