As U.S.-China relations remain tense, Southeast Asia becomes the darling for investors and tech companies from both sides as they seek overseas expansion. Behemoths like Google, Facebook, Alibaba, Tencent and ByteDance have elbowed into the region. Some set up shop, while others formed alliances and took stakes in local startups. Now five prominent investors originating […] …Continue Reading

Tesla is suing the Trump Administration over tariffs on a computer chip and other parts it imports from China, joining an increasingly long list of similar lawsuits filed by hundreds of companies, including automakers Ford, Mercedes-Benz and Volvo. Tesla, which names U.S. Trade Representative Robert Lighthizer in the lawsuit filed in the U.S. Court of […] …Continue Reading

The September 20 deadline for a purported TikTok sale has already passed, but the parties involved have yet to settle terms on the deal. ByteDance and TikTok’s bidders Oracle and Walmart presented conflicting messages on the future ownership of the app, confusing investors and users. Meanwhile, Beijing’s discontent with the TikTok sale is increasingly obvious. […] …Continue Reading

Chinese electric vehicle startup WM Motor just pocketed an outsize investment to fuel growth in a competitive landscape increasingly coveted by foreign rival Tesla. The five-year-old company raised 10 billion yuan ($1.47 billion) in a Series D round, it announced on Tuesday, which will pay for research and development, branding, marketing and expansion of sales […] …Continue Reading

In a new report, Amnesty International says it’s found evidence of EU companies selling digital surveillance technologies to China — despite the stark human rights risks of technologies like facial recognition ending up in the hands of an authoritarian regime that’s been rounding up ethnic Uyghurs and holding them in “re-education” camps. The human rights […] …Continue Reading

Despite the coronavirus outbreak, which has slowed down deal-making across the world, dozens of startups in India have raised considerable amounts in recent months. Unacademy, which raised $110 million in February, closed a new round of $150 million this month. These large check sizes, and the frequency at which they are being bandied out, were […] …Continue Reading

In a Wednesday filing in federal court, the United States government said that users who use or download WeChat “to convey personal or business information” will not be subject to penalties under President Donald Trump’s executive order banning transactions with the Tencent-owned messaging app. Trump issued the executive order against WeChat on August 6, the […] …Continue Reading

David Chao, the cofounder of the cross-border venture firm DCM, speaks English, Japanese, and Mandarin. But he also knows how to talk to founders. It’s worth a lot. Consider that DCM should see more than $1 billion from the $26.4 million it invested across 14 years in the cloud-based business-to-business payments company Bill.com, starting with […] …Continue Reading

The United States government will not extend the September 20 deadline for Beijing-based ByteDance to sell TikTok, President Donald Trump said on Thursday. This adds urgency to negotiations because TikTok may be banned in the United States if it can’t reach an agreement with a buyer. “We’ll see what happens. It’ll either be closed up […] …Continue Reading

For China’s food delivery workers, life can feel like a constant battle with algorithms, traffic police, and disgruntled customers. An essay detailing the hazardous work conditions of China’s food delivery drivers went viral on the internet on Tuesday, causing a moment of national reckonings on algorithmic harms to people. In China’s populated urban hubs, one […] …Continue Reading

As tensions between the U.S. and China heighten over data security issues, Beijing took a proactive step to unveil a “data security initiative” that it believes can serve as “a global standard for data security.” The Chinese State Councilor and Foreign Minister Wang Yi, appearing in a video during a closed-door meeting in Beijing on […] …Continue Reading

China’s enthusiasm for teaching children to code is facing a new roadblock as organizations and students lose an essential tool: the Scratch programming language developed by the Lifelong Kindergarten Group at the MIT Media Lab. China-based internet users can no longer access Scratch’s website. Greatfire.org, an organization that monitors internet censorship in China, shows that […] …Continue Reading