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 invest...
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 fi...
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.
View: Can Ambani take on Chinese giants like Tencent, Huawei and Xiaomi?
Ambani still has to demonstrate that one firm can be India’s answer to everything, from Zoom and Tencent to Huawei and Xiaomi, while also being a large telco like Verizon.
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%.
Chinese investments in Indian start-ups grow 12 times to USD 4.6 bn in 2019: GlobalData
There has been a 12 times growth of Chinese investments in startups over the past 4 years to $ 4.6 bn in 2019.
Trump signs executive orders banning Chinese apps TikTok & WeChat; cites India's action
Trump said the spread in the United States of mobile applications developed and owned by companies in China continues to threaten the national security, foreign policy, and economy of the country. Trump noted that these risks have led other countries, including Australia and India, to begin restricting or banning the use of TikTok and WeChat.
Chinese-funded unicorns like Paytm, Ola face users' ire
Most of these mobile applications have seen over the last one week increasing comments and lowest possible ratings from consumers.
Huawei, Alibaba, Tencent among 7 Chinese firms in India with PLA links, claims government
The development comes after New Delhi banned 59 Chinese apps in the country. Xinxing Cathay International Group has set up a manufacturing facility in Chhattisgarh with an investment of Rs 1,000 crore; China Electronics Technology Group Corporation and SAIC Motor Corporation Limited.
From investments in Tencent to Zoom, Hillhouse founder Lei Zhang is one of the world’s richest financiers
Zhang met with Zoom’s Yuan in Menlo Park, California, before an early funding round in February 2015. Yuan explained the business and his engineering work at another video conferencing site WebEx, according to a person familiar with the talks.
Tencent to invest $70 billion in 'new infrastructure'
The announcement comes after call by Beijing last month for a tech-driven structural upgrade of the world's second-largest economy through investment in "new infrastructure" and a boom in demand for business software and cloud services.
Tencent’s set for fastest growth since 2018 after virus outbreak
Tencent’s stock began climbing in February after the outbreak exposed the dichotomy of the world’s second largest tech economy. While virtual denizens like Tencent rode a surge in social media and entertainment, other companies like Alibaba with outsized footprints in the material world struggled to contain the fallout.
Hike looks to strengthen product, design, engineering, user research teams
The company has also kickstarted the second edition of its programme ZeroTo2 - designed to hire freshers and young talent including engineers with 0-2 years of experience.