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Hyundai is launching BotRide, a robotaxi service in California with Pony.ai and Via

Hyundai is launching BotRide, a robotaxi service in California with Pony.ai and Via A fleet of electric, autonomous Hyundai Kona crossovers — equipped with a self-driving system from Chinese autonomous startup Pony .ai and Via’s ride-hailing platform, will start shuttling customers on public roads next week. The robotaxi service called BotRide will […]

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Joy Capital closes $700M for early-stage investments in China

Joy Capital closes 0M for early-stage investments in China Joy Capital, the venture capital firm that’s backed Luckin, NIO, Mobike and other investor darlings in China, just raised $700 million for a new fund focusing on early-to-growth stage startups. Launched in 2015 by a team of former investors at Legend Capital, the […]

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China startup deals shrink as fundraising for investors plummets

China startup deals shrink as fundraising for investors plummets Chinese startups continue to weather tough times as private investors, caught in a cash crunch, are concentrating money into fewer deals. China’s deal-making activity for startups in the six months ended June halved from a year ago to 1910, according to data from […]

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China is funding the future of American biotech

China is funding the future of American biotech Silicon Valley is in the midst of a health craze, and it is being driven by “Eastern” medicine. It’s been a record year for US medical investing, but investors in Beijing and Shanghai are now increasingly leading the largest deals for US life science […]

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Upstarts emerge to chase Tesla’s lead in electric vehicles

Upstarts emerge to chase Tesla’s lead in electric vehicles A slew of well-funded new entrants backed by massive amounts of capital are chasing Tesla’s lead in an effort to power the next generation of the electric vehicle industry. Electric vehicle startups have raised more than $2 billion in the U.S. over the […]

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Tencent leads $50M investment in NewsDog, an app vying to be India’s Toutiao

Tencent leads M investment in NewsDog, an app vying to be India’s Toutiao The growth of China’s Bytedance, an ambitious $30 billion tech firm, and its highly-addictive Toutiao news aggregator app has set off a search for services with similar growth potential across the world. India, second in population only to China […]

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