Tag: China

China can apparently now identify citizens based on the way they walk

China is home to the world’s largest network of CCTV cameras — over 170 million — and its police have adopted Google Glass-like ‘smart specs’ to seek out suspects in crowds, but now its surveillance efforts have hit a new level with technology that can apparently identify individuals based on their

Alibaba rival JD.com plays the long-game on technology investment

China’s JD.com  has made it clear recently that it’s venturing into artificial intelligence and automation. Every few months over the past year, the online retailer – China’s second-largest by transactions after Alibaba – has unveiled new products based on cutting-edge technology: for example drone delivery, self-driving trucks, fully automated warehouses,

Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Tarform debuted new e-motorcycles but is there a U.S. market? Marieme Diop and Shikoh Gitau to speak at Startup Battlefield Africa Africa’s VC landscape

China’s frenzy over League of Legends championship sheds light on esports growth

When China’s Invictus Gaming defeated European squad Fnatic in the League of Legends 2018 finals this past Saturday, China’s social media platforms became awash in ecstasy and pride. “It’s like winning an Olympic gold, a teenage dream come true,” writes one thirty-something audience of the competition on his WeChat feed.

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 as low as 42,000 per quarter — didn’t only fail to dissuade the U.S. social firm from making

Baidu hits the gas on autonomous vehicles with Volvo and Ford deals

China’s search engine giant Baidu is continuing its partnership spree for Apollo, its open development platform for autonomous driving, after it inked a deal with Swedish automaker Volvo to develop level four self-driving passenger cars. “Autonomous driving has been our dream, but it’s coming true,” said Li Zhenyu, vice president

China’s Youon expands into Europe as other bike startups backpedal worldwide

A little known Chinese bike company is riding into Europe as its peer Ofo has applied the brakes to its global expansion strategy in recent months. Youon, which gets by manufacturing public bikes for city governments across China, has formed a joint venture with UK-based bike-sharing startup Cycle.land, it says

Uber investor Hillhouse goes after food and beverage startups with $100M fund

The food and beverage market is having a moment as venture capital money sloshes around looking for its high-potential startups. Hillhouse Capital, the China-based investment fund that counts Airbnb, Uber, Baidu, and Tencent and several other tech heavyweights in its portfolio, has set up a $100 million fund with San

Naspers announces $300 million initiative to support startups and tech in South Africa

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Marieme Diop and Shikoh Gitau to speak at Startup Battlefield Africa Local venture capital fund formation is on the rise in Africa, led by

China’s Didi Chuxing is poised to expand into hotel bookings

China’s largest ride-hailing app Didi Chuxing is entering the hotel-booking business as it strives to recover from two highly publicized murders of female passengers by drivers on its platform. That’s according to Chinese business magazine Caijing and tech news site 36kr (links in Chinese). R-Lab, the unit in charge of