Thursday, 15 Nov 2018
Category: China

Tencent is launching its own version of Snap Spectacles

Some were surprised to see Snap release a second version of its “face-camera” Spectacles gadget, since the original version failed to convert hype into sales. But those lackluster sales — which dropped to as low as 42,000 per quarter — didn’t only fail to dissuade the U.S. social firm from making more specs, because now […]

China’s ByteDance leapfrogs Uber to becomes world’s most valuable startup

Move aside Uber, China’s ByteDance is now the world’s highest-valued tech startup. That’s according to reports from Forbes and Bloomberg both of which claim that the company has completed a $3 billion investment that values the company at $75 billion. A source with knowledge of the deal confirmed the round to TechCrunch and suggested that […]

Tesla to bring portion of Model 3 production to China next year

Tesla, which reported its first quarterly profits in two years Wednesday, is looking to extend its earnings streak by bringing its new Model 3 to customers beyond North America. And part of that plan involves accelerating its manufacturing plans in China. Tesla saw its revenue skyrocket to $6.8 billion in the third quarter (and a $312 […]

Trump has two ‘secure’ iPhones, but the Chinese are still listening

President Trump has three iPhones — two of them are “secure” and his third is a regular personal device. But whenever the commander-in-chief takes a call, his adversaries are said to be listening. That’s according to a new report by The New York Times, which put a spotlight on the president’s array of devices — […]

Mobvoi launches new $200 smartwatch and $130 AirPods alternative

Chinese AI company Mobvoi has consistently been one of the best also-rans in the smartwatch game, which remains dominated by Apple. Today, it launched a sequel to its 2016 TicWatch, which was a viral hit raising over $2 million on Kickstarter, and it unveiled a cheaper take on Apple’s AirPods. The new TicWatch C2 was outed at a […]

U.S. lawmakers warn Canada to keep Huawei out of its 5G plans

In a letter addressed to Canadian Prime Minister Justin Trudeau, Senators Mark Warner and Marco Rubio make a very public case that Canada should leave Chinese tech and telecom giant Huawei out of its plans to build a next-generation mobile network. “While Canada has strong telecommunication security safeguards in place, we have serious concerns that […]

Nubank is now worth $4 billion after Tencent’s $180 million investment

Nubank, the Brazilian financial services company, has raised $180 million from the Chinese internet giant, Tencent. Tencent has long been interested in financial services startups, and with its $90 million direct investment and another $90 million investment in the secondary market, the company now has access to what is arguably the largest digital banking company […]

In letter to Congress, Apple sends strongest denial over ‘spy chip’ story

Apple has doubled down on its repudiation of Bloomberg’s report last week that claimed its systems had been compromised by Chinese spies. The blockbuster story cited more than a dozen sources claiming that China installed tiny chips on motherboards built by Supermicro, which companies across the U.S. tech industry — including Amazon and Apple — have […]

Apple’s Tim Cook is sending a privacy bat-signal to US lawmakers

Apple’s CEO Tim Cook has today been announced as the keynote speaker at a European data protection conference taking place in Brussels later this month — at a time when US lawmakers are asking tech giants outright if they’ll support “EU-like” privacy rules to shield US consumers from platform power. For a week this month Europe’s data […]