SimShine raises $8 million for home security cameras that use edge computing

SimShine, a computer vision startup based in Shenzhen, has raised $8 million in pre-Series A funding for SimCam, its line of home security cameras that use edge computing to keep data on-device. The funding was led by Cheetah Mobile, with participation from Skychee, Skyview Fund and Oak Pacific Investment. Earlier this year, SimShine raised $310,095 […]

Alibaba acquires NetEase Kaola in deal worth $2 billion

Alibaba Group has acquired NetEase Kaola for $2 billion, the two companies said today, and will integrate it into Tmall, creating the largest cross-border e-commerce platform in China. The announcement follows weeks of media reports about a potential deal, which was said to have stalled in the middle of August after the companies reportedly disagreed […]

Sources say China used iPhone hacks to target Uyghur Muslims

A number of malicious websites used to hack into iPhones over a two-year period were targeting Uyghur Muslims, TechCrunch has learned. Sources familiar with the matter said the websites were part of a state-backed attack — likely China — designed to target the Uyghur community in the country’s Xinjiang state. It’s part of the latest […]

Apple products under pricing pressure as new 15% tariffs drop Sunday

A new 15% tariff on Chinese imports will go in effect just after midnight Sunday, placing levies on hundreds of household goods and consumer tech, including a bevy of Apple products. The tariffs, put in place by President Donald Trump as part of an escalating tit-for-tat trade war with China, were entered into the Federal […]

Kaszek Ventures raises $600 million in two funds as Latin America’s startup market booms

Kaszek Ventures, the investment firm that has been one of the primary architects of the recent boom in startup financing and growth in Latin America, has just raised $600 million across two new funds. The new commitments (raised in roughly two months) put Kaszek’s total capital under management at roughly $1 billion, making the firm […]

Google falls to third place in worldwide smart speaker market

The global smart speaker market grew 55.4% in the second quarter to reach 26.1 million shipments, according to a new report from Canalys. Amazon continued to lead the race, accounting for 6.6 million units shipped in the quarter. Google, however, fell to the third spot as China’s Baidu surged ahead. Baidu in Q2 grew a […]

Megvii, the Chinese startup unicorn known for facial recognition tech, files to go public in Hong Kong

Megvii Technology, the Beijing-based artificial intelligence startup known in particular for its facial recognition brand Face++, has filed for a public listing on the Hong Kong stock exchange. Its prospectus did not disclose share pricing or when the IPO will take place, but Reuters reports that the company plans to raise between $500 million and […]

Google says China used YouTube to meddle in Hong Kong protests

Google has disabled 210 YouTube accounts after it said China used the video platform to sow discord among protesters in Hong Kong. The search giant, which owns YouTube, followed in the footsteps of Twitter and Facebook, which earlier this week said China had used their social media sites to spread misinformation and discord among the […]

The CareVoice raises $10 million to develop better tech for insurance providers in Asia

The CareVoice, a Shanghai-based health insurance software startup with ambitions to expand throughout Asia, announced today that it has raised about $10 million in Series A funding. The investment was led by LUN Partners Group and an undisclosed global investment manager that specializes in financial services, with participation from DNA Capital and returning investors SOSV […]

After a breakout year, looking ahead to the future of podcasting

Justine Moore Contributor Justine Moore is a venture investor at CRV and co-founded Cardinal Ventures alongside her sister, Olivia. More posts by this contributor What VidCon means for the future of social media platforms Olivia Moore Contributor More posts by this contributor What VidCon means for the future of social media platforms This year has […]