Ant Financial Invests $210 million in Indian Delivery Unicorn Zomato
On Oct. 15, it was reported that Ant Financial, the financial arm of Alibaba Group made a $210 million of strategic investment in the Indian delivery startup Zomato.
Jack Ma Sets Up Entrepreneur Training Institute in Indonesia
During the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group on Oct. 13, Jack Ma, Executive Chairman of Alibaba Group, stated that he plans to establish a “Jack Ma Entrepreneur Institute” to train thousands of tech entrepreneurs.
HTC Expected to Launch Blockchain-powered Smartphone on October 22
On Oct. 13, HTC officially announced that it will release its first blockchain-powered smartphone HTC Exodus on Oct. 22, with details yet unrevealed.
Newsletter: Wang Xing-the Poet Entrepreneur
Please check out the hot new trending topics in China last week:
When the Weather Change
It’s been well over a month since we last updated an article. The piece on the Chives State really drained so much of our energy; the writing process took almost two weeks, and in its completion, we both agreed that we needed a break from writing.
Ele.me and Koubei Merged to Become Alibaba’s New Local Life Service Company
Alibaba Group announced today to merge the online food delivery service platform Ele.me and its local commerce platform Koubei into a new local life service company.
Honor Launches Insanely Inexpensive Smartphone and Tablet with Epic Speakers
Honor released two new products at a product launch in Beijing on Oct. 11. The popular brand under Huawei released a new budget smartphone — the Honor 8C as well as their newest tablet — the Honor pad 5.
Tim Cook Visited Headquarters of Bytedance in Beijing
Heads of two giant tech companies met in Beijing.
U.S. Stock Market Crash Continues, with Spillovers into Asia and Europe Markets
Global stock market saw a major meltdown this week, caused by concerns over the tightened fiscal policy in the U.S. A bloodbath in American markets earlier this week has now extended to Asia and Europe.
Lenovo Tops Global PC Shipments in Q3 According To IDC
Lenovo ranked top on PC shipments in Q3 among all PC producers, with a market share of 24 percent, according to the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
Ep. 24: The Man and the Firm behind China’s Tech Renaissance
In Ep. 24 of TechBuzz China, co-hosts Ying-Ying Lu and Rui Ma talk about China Renaissance Group, a tech-focused investment bank founded and led by one of the country’s most famed rainmakers, Bao Fan.
Huawei and Bosch Form Partnership to Provide IoT Solutions
On Oct. 10, Huawei Technologies Co., Ltd, a networking, telecommunications equipment and services provider, and Bosch, an engineering and electronics company, announced a partnership on the development of the internet of things (IoT) in China at HUAWEI CONNECT 2018
Affordable OPPO K1 With In-display Fingerprint Sensor Available for Pre-order
Oppo began taking pre-orders for its K1 smartphones on Wednesday, Oct. 10. Oppo K1 features an in-display fingerprint sensor and water drop screens and is priced at less than $300.
Interlude in Tim Cook’s Shanghai Visit
“Hello again! Hai Na Bai Chuan, Shanghai changes with every passing day,” Apple CEO Tim Cook posted on Sina Weibo on Monday, with a photo of Shanghai’s most famous landmark the Bund, shot by the newest iPhone XS Max.
Pinduoduo Founder Debuts in Hurun China Rich List 2018
With a fortune of 95 billion RMB ($14 billion), 38-year-old Colin Huang, founder of the e-commerce giant Pinduoduo, ranked 13th on the Hurun China List 2018 released on Oct. 10.