News that China’s government may force domestic tutoring-focused companies to go nonprofit is taking a huge bite out of the value of several technology companies.
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China Roundup: What’s going on with China’s data security clampdown?
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
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Chinese cybersecurity probe validates Didi’s pre-IPO warning to investors
Shares of Chinese ride-hailing provider Didi are sharply lower this morning after news broke that its domestic regulators are investigating the newly public company. A
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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US
Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a
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WalletsClub wants to be the ‘Visa for e-wallets’ across the world
Digital payments are going mainstream around the world. By the end of 2020, there were more than 300 mobile money providers with over 100,000 active
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PayPal’s ambition and uphill battle in China
Over the last few months, PayPal has been quietly gearing up for its expansion in China. At the recent Boao Forum for Asia, China’s answer
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