Apple is to open a research lab in the southern Chinese city of Shenzhen, its chief executive Tim Cook said on Wednesday, as it seeks to boost sales and improve its relationship with domestic authorities. News of the center, which will be Apple’s second in China after a new facility in Beijing, comes as the […]
Category: Tech, Media & Telecom
The Wall Street Journal reports Facebook and Google owner Alphabet will partner with a little-known Chinese company to build a ultrafast internet cable between Los Angeles and Hong Kong, the latest sign of its US backers’ insatiable appetite for bandwidth. The 12,800-kilometer Pacific Light Cable Network would use new fiber-optic technology to support the region’s […]
US automaker General Motors Co made its first investment in a Chinese car-sharing start up, the company said on Tuesday, as its attempt to reshape itself as a mobility solutions company spreads around the globe. A GM spokeswoman declined to disclose the size of the investment in Yi Wei Xing (Beijing) Technology, which developed Feezu, […]
Didi Chuxing, China’s dominant ride-hailing service, may move deeper into the urban transportation ecosystem through Ofo, a bicycle-sharing startup that has just raised $130 million. Ofo said on Monday that it has completed its latest round of fundraising, led by American technology hedge fund Coatue, Chinese smartphone maker Xiaomi and Citic Private Equity Funds Management, […]
According to The Wall Street Journal, China’s ride-hailing champion, after besting Uber, appears to be facing a tougher opponent in domestic regulators. Several major cities issued proposed industry regulations in recent days that would restrict the types of vehicles that can be used and who can drive them, potentially crimping a large chunk of Didi’s […]