Category: China

June 11, 2019 Off

Uber rival Bolt returns to London 21 months after a TfL investigation shut it down

By Jill T Frey

Bolt, the Uber rival formerly known as Taxify, is taking a significant step this week in its effort to build out its transportation-on-demand business across the biggest cities in Europe and Africa, which currently covers 25 million users in 30 countries and 100 cities: it’s finally opening for business again in London, the biggest ride-hailing market in Europe.

“Finally” and “again” are the operative words here: the Tallinn-based company had launched in London as far back as September 2017 — nearly two years ago — only to shut down its services after three days, when Transport for London, the city’s transportation regulator, started to investigate the terms of its license.

It turned out that not all was right in the state of Estonia . To roll out its services more quickly, Taxify (as it was then known) had acquired a London firm with a license valid until … Read the rest

June 10, 2019 Off

Luxembourg to get €100M investment from Chinese payments startup Pingpong

By Jill T Frey

For financial services firms looking to enter Europe, Luxembourg has historically been a popular anchoring point for its political and economic stability as well as a favorable regulatory environment. Another bucketload of capital is coming to the country after Chinese fintech startup Pingpong announced to invest more than €100 million ($113 million) in Luxembourg in the coming years.

Founded in 2014, Pingpong has been celebrated by its home city Hangzhou — also Alibaba’s backyard — as a pioneer in the country’s booming cross-border ecommerce sector. Backed by one of China’s largest investment banks CICC, the startup collects payments for Chinese exporters selling through Amazon, Wish, Shopee, Newegg and some other 14 ecommerce platforms around the world, which means clearing local regulatory hurdles is key to its business.

Its European ambition does not stop with Luxembourg. Luo Yonglong, a partner at Pingpong, said at a Saturday event that within three years, … Read the rest

June 6, 2019 Off

This entrepreneur is donating unwanted bike-sharing cycles to underprivileged students in Myanmar

By Jill T Frey

What is the world to do with the graveyards of dockless bicycles left over after China’s bike sharing startups retreated from global markets?

One man has come up with the best idea to date: donate them to students who need them.

Entrepreneur Mike Than Tun Win has bought 10,000 bikes from bike-sharing companies which he plans to provide to school children across Myanmar, many of who walk miles to school and, more broadly, lack transportation for their families.

“It’s a common sight to see lines and lines of students walking long distances from home to school in rural villages,” Than explained. “Some students can walk up to one hour from home to school and the families can hardly afford a simple form of transport like bicycle or motorcycle… a school bus is almost unheard of to the students in rural villages.”

To bridge the gap, Than — whose companies … Read the rest

June 6, 2019 Off

China grants first 5G licenses amid Huawei global setback

By Jill T Frey

It’s official. After much anticipation, China named the first companies to receive 5G licenses for commercial use on Thursday.

The announcement from the Ministry of Industry and Information Technology, the country’s telecoms authority, came as Huawei, the Chinese company that captured nearly 30% of the world’s telecom gear revenues in 2018, faces mounting scrutiny in the west over potential security concerns.

The greenlight arrived months ahead of the long-expected due date for China’s 5G licenses, which was said to be late 2019. The acceleration clearly demonstrates Beijing’s ambition to race ahead in the global 5G industry where the United States and South Korea already had a head start in commercial deployment.

The MIIT approved three network operators — China Telecom, China Mobile, China Unicom — and cable network company China Broadcasting Network to run the next-gen cellular connectivity.

Other players in 5G, including network equipment makers, smartphone manufacturers, chip … Read the rest

June 5, 2019 Off

Alibaba, Mail.Ru, Megafon form AliExpress Russia JV to double down on e-commerce in CIS

By Jill T Frey

After announcing plans in September 2018 to build a joint venture together, today Russian internet giant Mail.ru,  Megafon and China’s Alibaba announced that the deal has closed. With support also from Russia’s sovereign wealth fund RDIF, the three are forming a new operation called AliExpress Russia JV — which will include business assets and investment from all three — to double down on building e-commerce services to serve consumers and businesses in Russia and neighboring countries. The joint effort is estimated to have a value in the region of $2 billion.

The operation has several moving pieces, which is one reason why it’s taken nearly eight months to bring it all together and close the deal:

  • Alibaba Group will invest $100 million and contribute AliExpress Russia into the joint venture. Alibaba says this includes Alibaba Group’s current Russia-based domestic and cross-border operations of the global retail marketplace business of AliExpress.
Read the rest
June 5, 2019 Off

The Stanford connections behind Latin America’s multibillion-dollar startup renaissance

By Jill T Frey

The houses along the tree-lined blocks of Josina Avenue in Palo Alto, with their big back yards, swimming pools and driveways are about as far removed from the snarls of traffic, sputtering diesel engines, and smoggy air of South America’s major metropolises as one can get.

But it was in one of those houses, about a twelve-minute bicycle ride from Stanford University, that the seed was planted for what has become a renaissance in technology entrepreneurship in Latin America.

Back in 2010, when Adeyemi Ajao, Carlo Dapuzzo, and Juan de Antonio were students at Stanford’s Graduate School of Business they could not predict that they would be counted among the vanguard of investors and entrepreneurs transforming Latin America’s startup economy.

At the time, Ajao was negotiating the sale of his first business, the Spanish social networking company, Tuenti, to Telefonica (in what would be a $100 million exit). Carlo Dapuzzo … Read the rest

June 4, 2019 Off

Apple is now restricting Chinese language podcasts in China

By Jill T Frey

Just as podcasting hits the mainstream in the west, China, which is also experiencing an audio boom, is seeing restrictions tighten around shows as evidenced by new curbs from Apple.

This week, the U.S. tech giant has pulled a handful of Chinese-language podcasts from its Chinese Podcasts store, one of the few remaining channels for people in mainland China to find content immune from scrutiny by the country’s media regulators.

The crackdown seems to be taking an incremental pace so far. Three podcasters, including hosts of NickTalk and Two I.T. Uncles (两个iT大叔), confirmed with TechCrunch on Tuesday that their shows disappeared from Apple’s Chinese Podcasts app this week.

Several other noted shows, including Yitianshijie (一天世界), appear to remain unaffected, while others, such as Suijiya (随机鸭), seem to have suffered from a partial blockade. That’s to say that individual episodes appear in search results, but the podcast homepages are inaccessible, Read the rest

June 4, 2019 Off

Aptoide, a Play Store rival, cries antitrust foul over Google hiding its app

By Jill T Frey

As US regulators gear up to launch another antitrust probe of Google’s business, an alternative Android app store is dialling up its long time complaint of anti-competitive behavior against the search and smartphone OS giant.

Portugal-based Aptoide is launching a campaign website to press its case and call for Google to “Play Fair” — accusing Mountain View of squeezing consumer choice by “preventing users from freely choosing their preferred app store”.

Aptoide filed its first EU antitrust complaint against Google all the way back in 2014, joining a bunch of other complainants crying foul over how Google was operating Android.

And while the European Commission did eventually step in, slapping Google with a $5BN penalty for antitrust abuses last summer after a multi-year investigation, rivals continue to complain the Android maker still isn’t playing fair.

In the case of Aptoide, the alternative Android app store says Google has … Read the rest

June 3, 2019 Off

US/China trade uncertainty adds to global smartphone growth woes

By Jill T Frey

Analyst Canalys has updated its forecast of global smartphone shipments — saying it expects just 1.35 billion units to ship in 2019, a year-on-year decline of 3.1%.

This follows ongoing uncertainty around US-China trade talks and the presidential order signed by Trump last month barring US companies from using kit by Chinese device makers, including Huawei, on national security grounds — which led to reports that Google would withdraw supply of key Android services to Huawei.

“Due to the many uncertainties surrounding the US/China trade talks, the US Executive Order signed on 15 May and subsequent developments, Canalys has lowered its forecasts to reflect an uncertain future,” the analyst writes.

It says its forecast is based on the assumption that restrictions will be stringently applied to Huawei once a 90-day reprieve which was subsequently granted expires — the temporary licence run from May 20, 2019, through August 19, 2019 — … Read the rest

June 3, 2019 Off

China says it will ‘soon grant’ 5G licenses for commercial use

By Jill T Frey

There’s a widely accepted method to interpret China’s official announcements: the shorter the news, the heavier it is. Today, in one concise sentence, the Ministry of Industry and Information Technology, China’s telecom regulator, announced that it will “soon grant 5G licenses for commercial use.”

That’s according to the Communist Party newspaper People’s Daily. TechCrunch reported four months ago that China planned to “fast-track” the commercial use of the next-gen networking technology at a time when Huawei, the champion of the country’s 5G development, faces mounting pressure in the west as the U.S. lobbies its allies not to use Huawei technologies.

 

The Chinese firm is selling a majority stake of its undersea cable division weeks after the Trump administration blocked it from doing businesses with American companies.

The Chinese firm manages to find allies in other parts of the world. … Read the rest