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China Roundup: Xi’s power on bitcoin, the rise of Alibaba’s new rival

China Roundup: Xi’s power on bitcoin, the rise of Alibaba’s new rival Welcome back to TechCrunch’s China roundup, a digest of the latest events that happened at major Chinese tech companies and what they mean to tech founders and executives around the world. Alibaba’s nemesis Alibaba’s new rival is shaking up China’s […]

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Chinese firms Tencent, Vivo, and CCTV suspend ties with the NBA over Hong Kong tweet

Chinese firms Tencent, Vivo, and CCTV suspend ties with the NBA over Hong Kong tweet Smartphone maker Vivo, broadcaster CCTV, and internet giant Tencent said today they are suspending all cooperation with the National Basketball Association, becoming the latest Chinese firms to cut ties with the league after a tweet from 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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Pinduoduo cements position as China’s second-largest ecommerce player

Pinduoduo cements position as China’s second-largest ecommerce player Alibaba and JD.com have been in a war over the Chinese e-commerce space for a decade or so, but a third player called Pinduoduo has managed to shake up the duopoly in recent times. The startup, which was founded in 2015 by an ex-Googler […]

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JD.com’s logistics arm raises a $218 million investment fund

JD.com’s logistics arm raises a 8 million investment fund The logistics division of JD.com, Alibaba’s closest e-commerce competitor in China, has raised 1.5 billion yuan (about $218 million) to invest in logistics-related companies and technology. Limited partners in the new fund include JD Logistics and JD.com, as well as undisclosed listed companies […]

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Carrefour sale shifts the balance of power in China’s new retail battle

Carrefour sale shifts the balance of power in China’s new retail battle Hot on the heels of Amazon’s decision to shutter its local marketplace, Carrefour — another global commerce giant — is switching up its approach to China, and shifting the balance of power between the country’s tech giants. Carrefour, which is […]

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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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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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Food delivered to the doorstep is not so cheap in China anymore

Food delivered to the doorstep is not so cheap in China anymore A big selling point of ordering food to the doorstep in China is price, which, in the early years, could be much cheaper than eating in-house. That’s arguably indulged a demographic of lazy, indoorsy eaters, but that may not last […]

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Moka raises $27M led by Hillhouse to make hiring more data-driven in China

Moka raises M led by Hillhouse to make hiring more data-driven in China Moka, a startup that wants to make talent acquisition a little more data-driven for China-based companies that range from smartphone giant Xiaomi to Burger King’s local business, announced Monday that it has raised a 180 million yuan ($27 million) […]

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