Beijing may cull a stateside unicorn stampede

[HONG KONG] A bitcoin miner, flying-taxi maker and apartment-sharing outfit are among the herd of Chinese upstarts rushing to New York markets. Their untested business models are alarming enough....

Emotion recognition is China's new surveillance craze

SHENZHEN (FINANCIAL TIMES) - Emotion recognition was the crime prevention buzz-phrase on everyone's lips this week at China's largest surveillance tech expo, held in the southern tech hub of...

China now has more unicorns than the US

BEIJING • China now has more privately held start-ups valued by investors at over US$1 billion (S$1.36 billion) than the United States, a report has said.

Number of China's ultra-wealthy slips in 2019

THE number of ultra-wealthy individuals dipped in China this year, a report said on Thursday, as the government seeks to rebalance the economy and tackle high levels of toxic debt.

Singtel, StarHub link Singapore and western China in data pipeline

FIRMS in Singapore and western China could get better data links between the two regions, with an international data channel from here to Chongqing launched on Wednesday.

Parliament: Ways businesses can manage global uncertainties

SINGAPORE - Singapore needs to diversify and innovate to manage uncertainties in the world, said Minister for Trade and Industry Chan Chun Sing in Parliament on Tuesday (Sept 3).

'10 pearls for bubble milk tea': Domestic waste sorting in Shanghai affecting food delivery orders

SHANGHAI (CHINA DAILY/ASIA NEWS NETWORK) - "Ten pearls for bubble milk tea", "no skewers for grilled lamb", and "leave out the pepper for spicy dishes"...

China's venture capital boom shows signs of turning into a bust

CHINA went through a five-year surge in venture capital (VC) investment that fostered a new generation of startups from ride-hailing giant Didi Chuxing to TikTok-parent Bytedance Ltd. Now the boom...

Centurium Capital raises over $2.7b from GIC, Temasek, among others

HONG KONG • China's Centurium Capital, a big backer of domestic start-up Luckin Coffee, said it has raised more than US$2 billion (S$2.7 billion) in its debut fund, giving the private equity firm...

China's rocket startups go small in age of 'shoebox' satellites

DURING initial tests of their 8.1 m tall reusable rocket, Chinese engineers from LinkSpace, a startup led by China's youngest space entrepreneur, used a Kevlar tether to ensure its safe return....