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Trump Administration adds Xiaomi to military blacklist – TechCrunch

by Rita Liao | Jan 15, 2021 | News

Chinese smartphone maker Xiaomi is the latest to be added to the Trump Administration’s military blacklist. On Thursday, the Department of Defense added nine more companies to its list of alleged Chinese military companies, including Xiaomi, the world’s third-largest...

YC-backed Blabla raises $1.5M to teach English through short videos – TechCrunch

by Rita Liao | Jan 13, 2021 | News

Short, snappy, entertaining videos have become an increasingly common way for young people to receive information. Why not learn English through TikTok-like videos too? That was what prompted Angelo Huang to launch Blabla. Originally from Taiwan, Huang relocated to...

Chinese facial recognition unicorn Megvii prepares China IPO – TechCrunch

by Rita Liao | Jan 13, 2021 | News

Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, according to an announcement posted by the China Securities...

Despite PR storm, Pinduoduo stock and downloads stay robust – TechCrunch

by Rita Liao | Jan 12, 2021 | News

Pinduoduo, a rapidly growing Chinese e-commerce company, is weathering its PR storm after the death of an employee sparked criticism against the firm’s grueling working hours. The employee, 21 years old, collapsed on her way home from work on a late night before New...

Vision Fund backs Chinese fitness app Keep in $360 million round – TechCrunch

by Rita Liao | Jan 11, 2021 | News

As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes, health-conscious snacks among other things, it’s bringing in new investors to fund its ambitions. On Monday, Keep said it has recently closed a Series F...
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