Investors steer clear of young startups with Chinese capital
Startups, with high exposure to Chinese capital, are looking at ways to reduce it as exposure becomes a deal-breaker for many new and existing investors.
Sequoia top backer of Indian unicorns with eight bets, China's Tencent 11th with 3 investments: Report
Fantasy gaming company Dream11 - which...
For SoftBank’s Masayoshi Son, the better TikTok deal is in India
Son might be just the man to bring TikTok back. He’s already one of India’s ...
PUBG Mobile, Lite version stop working in India from Friday
Tencent Games, which owns the mobile game, said on Facebook that it "deeply regrets this outcome" and thanked PUBG Mobile and PUBG Mobile Lite fans for their support in India.
TikTok's US chief says video site will stay despite Trump ban
Before Trump called for ByteDance to divest its TikTok ownership in the US, the president ordered Americans to stop doing business with the company as of mid-September.
Chinese AI giant blacklisted by Trump thrives in virus era
The Hong Kong-based startup’s revenue surged 147% to 5 billion yuan ($720 million) in 2019 and its customer base increased by about 500 to 1,200 clients, according to co-founder Xu Bing.
China's Tencent rebrands WeChat work app ahead of Trump ban
Tencent, registered the WeCom trademark on Aug. 19, according to the United States Patent and Trademark Office.
TikTok tug-of-war ensnares app’s affable billionaire founder
The reclusive founder has expressed his frustration with U.S. authorities to ByteDance employees. In an all-hands memo recently, Zhang said he disagrees with CFIUS’s demand that he sell TikTok’s U.S. operations.
After Jio, Google sets sights on stake in Policybazaar, might spend $150 million for 10%
Alphabet Inc-owned Google announced its India investment plan last month. Chief executive officer Sundar Pichai told ET that the company was "looking forward to working with Indian businesses of all sizes". Google announced its first investment shortly thereafter - $4.5 billion in Mukesh Ambani-owned Jio Platforms.
App ban fallout: PUBG Corporation cancels India franchisee with Tencent Games
PUBG MOBILE is the mobile version of PLAYERUNKNOWN’S BATTLEGROUNDS (PUBG), an intellectual property owned and developed by PUBG Corporation, a South Korean gaming company.
Jack Ma is telling China’s startup founders it’s time to go public
Ant will be the largest of that cohort, a potentially $200 billion-plus first-timer that’s likely to dwarf all peers apart from major backer Alibaba Group Holding Ltd. and arch-foe Tencent Holdings Ltd.
TikTok’s former chief to oversee investment at ByteDance
A former SAP SE employee researching education software, Alex Zhu co-founded the lip-syncing app Musical.ly in 2014, which was later acquired by ByteDance for $800 million and merged into the TikTok app.
SoftBank-backed Policybazaar aims for 2021 IPO in India tech’s debut
Policybazaar helps sell about a million policies a month. The aggregator lets users compare life, health, auto, travel and property policies from 40 insurers on its website without going through conventional agents, who sell based on incentives.
Chinese tech giant Tencent's WeChat app sees downloads surge before U.S. ban
The U.S. Department of Commerce issued an order requiring Apple Inc and Alphabet Inc's Google to remove WeChat for downloads on national security grounds, but a U.S. judge blocked the move on Sunday. The U.S. Commerce Department said on Monday it will challenge the order.
Some Chinese VCs looking for a quick exit
The venture capital and individual investors exploring exits currently own about 4-5% in Indian companies, with some holding less than 2%.