Autonomous driving startups in China are in an arms race to put passengers in their machine-driven vehicles. Every few weeks, news arrives that another major player has got the greenlight to launch a new pilot program or a small-scale service. These press releases, often dotted with regulatory jargon and flowery language to aggrandize the companies’ […]
China roundup: Meng Wanzhou’s release and Huawei’s future
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. On Friday, Huawei’s chief financial executive Meng Wanzhou was released from house arrest in Vancouver after reaching a breakthrough deal with the U.S. Justice Department. Chinese […]
GM invests $300M in China’s first self-driving car unicorn Momenta
General Motors has now joined a slew of other major automakers, including Toyota, Chinese state-backed SAIC Motor, and Mercedes-Benz AG in putting its chips behind Chinese autonomous driving startup Momenta. GM, the largest automaker in the U.S. in terms of vehicle sales, said Tuesday it will invest $300 million in Momenta to accelerate the development […]
China Roundup: Beijing is tearing down the digital ‘walled gardens’
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, China gets serious about breaking down the walled gardens that its internet giants have formed for decades. Two major funding rounds were announced, […]