A blow to US-listed Chinese firms and TikTok’s new global face – TechCrunch

[ad_1] Hello and welcome back to ’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. It’s been a tumultuous week for Chinese tech firms abroad: Huawei’s mounting pressure from the U.S., a big blow to U.S.-listed Chinese firms, and…

TikTok parent ByteDance leads $6M round in financial AI startup Lingxi – TechCrunch

[ad_1] TikTok’s parent company ByteDance has added Lingxi, a Beijing-based startup that applies machine intelligence to financial services such as debt collection and insurance sales, to its ever-expanding portfolio of investments. The AI startup has raised a $6.2 million Series A round co-led by ByteDance and Rocket Internet, the German accelerator that has incubated e-commerce…

General Atlantic to invest $870M in India’s Reliance Jio Platforms – TechCrunch

[ad_1] Mukesh Ambani’s Jio Platforms has agreed to sell its 1.34% stake to General Atlantic, the latest in a series of deals the top Indian telecom operator has secured in recent weeks. On Sunday, New York-headquartered private equity firm General Atlantic said it would invest $870 million in the Indian telecom operator, a subsidiary of…

93% of Chinese minors are now online – TechCrunch

[ad_1] Children and teenagers in China are hyper-connected and using the internet in ways that were unimaginable and inaccessible to earlier generations. As many as 175 million people under the age of 18, or 93.1% of the country’s underage population, were internet users in 2019, according to a joint report released by the government-affiliated China…

Zoom gets busted, TikTok’s new record, contact tracing API launches – TechCrunch

[ad_1] Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019, according to App…