Warburg Pincus announces new $4.25 billion fund for China and Southeast Asia

Warburg Pincus, the private equity fund with over $60 billion under management, is doubling down on Asia after it announced a $4.25 billion fund dedicated to China and Southeast Asia. The firm has been present in China for 25 years, and it has invested over $11 billion in a portfolio of over 120 startups that […]

Foxconn halts some production lines for Huawei phones, according to reports

Huawei, the Chinese technology giant whose devices are at the center of a far-reaching trade dispute between the U.S. and Chinese governments, is reducing orders for new phones, according to a report in The South China Morning Post. According to unnamed sources, the Taiwanese technology manufacturer Foxconn has halted production lines for several Huawei phones after […]

Science publisher IEEE bans Huawei but says trade rules will have ‘minimal impact’ on members

The IEEE’s ban on Huawei following new trade restrictions in the United States has sent shock waves through the global academic circles. The organization responded saying the impact of the trade policy will have limited effects on its members, but it’s hard at this point to appease those who have long hailed it as an open […]

TikTok parent Bytedance is reportedly working on its own smartphone

It’s been a busy couple of months for Bytedance, one of the world’s most valuable startups and the operator of globally popular video app TikTok. The Beijing-based company has continued to grow its list of apps to include the likes of work collaboration tool Lark, an instant messenger called Feiliao as well as a music streaming […]

Week-in-Review: Trump’s order takes a hatchet to Huawei’s heart

Last week, Trump signed an executive order that enabled the federal government to prohibit U.S. companies from buying telecom equipment from foreign companies at their discretion. This week, the full damage began to feel apparent to China’s fastest-growing smartphone powerhouse, Huawei. American companies, at the behest of Trump and company, began turning on the Chinese […]

Startups Weekly: VCs are drunk on beverage startups

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s most noteworthy venture deals, fundraises, M&A transactions and trends. Let’s take a quick moment to catch up. Last week, I wrote about an alternative to venture capital called revenue-based financing and before that, I jotted down some notes […]

Huawei responds to Android ban with service and security guarantees, but its future is unclear

Huawei has finally gone on the record about a ban on its use of Android, but the company’s long-term strategy on mobile still remains unclear. In an effort to appease its worried customer base, the embattled Chinese company said today that it will continue to provide security updates and after-sales support to its existing lineup […]

Google says its app store will continue to work for existing Huawei smartphone owners

Google said today that existing users of Huawei Android devices can continue to use Google Play app store, offering some relief to tens of millions of users worldwide even as it remains unclear if the Chinese tech giant will be able to use the fully-functioning version of Android in its future phones. Existing Huawei phone […]

Week-in-Review: The iPhone fades and SpaceX confirms an explosion

After a dozen years of riding high, the iPhone is showing signs of weakness in a struggling smartphone market where Apple is still managing to be the biggest loser. Here’s a snapshot of where things are… Apple hasn’t been broadcasting its quarterly unit sales the past few quarters, so we’ll have to lean on external […]

Huawei’s P30 Pro excels on the camera front

It’s been a month since Huawei unveiled its latest flagship device — the Huawei P30 Pro. I’ve played with the P30 and P30 Pro for a few weeks and I’ve been impressed with the camera system. The P30 Pro is the successor to the P20 Pro and features improvements across the board. It could have been […]