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Shanghai

Meituan, China’s ‘everything app’, walks away from bike sharing and ride hailing – TechCrunch

A major player in the race to transport Chinese people around is losing steam. Meituan Dianping, the Tencent-backed all-encompassing platform for local services, continues to put the brakes on bike-sharing and ride-hailing, the company said on its earnings call on Thursday. The eight-year-old firm is best...

A major ...

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WeWork is getting serious about China – TechCrunch

Since its entry into China in 2016, WeWork has extended from four to around 60 locations across the country’s megacities like Shanghai, Beijing, and most recently, Shenzhen. That’s one-sixth of WeWork’s 360 locations worldwide. It’s also equivalent to what WeWork has achieved in its early...

Since it...

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Alibaba and Amazon move over, we visited JD.com connected grocery store in China – TechCrunch

The arms race to build the future of grocery stores is heating up in China. To no one’s surprise, the main contestants are the country’s ecommerce titans Alibaba and JD.com, which are turning offline for growth. Online retail has flourished in China, but it still accounts...

The arms race to build th...

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

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...

China is home to the wor...

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The next big restaurant chain may not own any kitchens – TechCrunch

If investors at some of the biggest technology companies are right, the next big restaurant chain could have no kitchens of its own. These venture capitalists think the same forces that have transformed transportation, media, retail and logistics will also work their way through prepared food...

If investors at some of t...

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China’s Didi Chuxing adds more safety features following passenger murder – TechCrunch

Didi Chuxing, China’s largest ride-hailing firm, is rolling out new security systems one month after a female customer was raped and murdered by a driver, the second such fatality on its Hitch service this year. Today the company said it introduced a number of new...

Didi Chuxing, China’s ...

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At Disrupt, Hans Tung and Yi Wang will talk about the startup road winding from China to the U.S. – TechCrunch

Few investors have as deep a knowledge of the U.S. and Chinese markets as Hans Tung. For over a decade the prodigious investor (now with GGV Capital) has been racking up the miles on flights between San Francisco, Shanghai, Los Angeles, Beijing, and New York in...

Few investors have as dee...

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Starbucks partners with Alibaba on coffee delivery to boost China business – TechCrunch

Starbucks is palling up with Alibaba as it seeks to rediscover growth for its business in China. China has been a bright spot for some time for the U.S. coffee giant, but lately it has struggled to maintain growth — its China business dragged on its...

Starbuck...

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The dramatic rise and fall of online P2P lending in China – TechCrunch

Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. When Emily Zhang was interning with a peer-to-peer (P2P) lending firm in the Summer of 2016, her main task was to carry out research on other P2P lending firms. She...

Editor’s note: This pos...

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WeWork China raises $500M to triple the number of cities it covers – TechCrunch

WeWork’s China business is getting a fresh injection of capital after it raised $500 million. The company entered China two years ago and today it covers Beijing, Shanghai and Chengdu with nearly 40 locations. It claims 20,000 members, and it is also active in Hong...

WeWork...

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