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China’s hottest news app Jinri Toutiao announces new CEO – TechCrunch

China’s hottest news app Jinri Toutiao announces new CEO – TechCrunch You may not have heard of ByteDance, but you probably know its red-hot video app TikTok, which gobbled up Musical.ly in August. The Beijing-based company also runs a popular news aggregator called Jinri Toutiao, which means “today’s headlines” in Chinese, and …

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China’s Craigslist continues growth after netting 100 million small-town users – TechCrunch

China’s Craigslist continues growth after netting 100 million small-town users – TechCrunch 58.com, the Craiglist of China, is making a massive push to pick up rural users as it hedges China’s economic uncertainties. During the third quarter, revenues grew 33.2 percent to $527 million and net income jumped 106 percent to $106 …

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Alibaba and Amazon move over, we visited JD.com connected grocery store in China – TechCrunch

Alibaba and Amazon move over, we visited JD.com connected grocery store in China – TechCrunch The arm race to build the future of grocery stores is heating up in China. To no one’s surprise, the main contestants are the country’s ecommerce titans Alibaba and JD.com, which are turning offline for growth. …

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Baidu leads $300M investment to bring its search smarts to elevator ads – TechCrunch

Baidu leads $300M investment to bring its search smarts to elevator ads – TechCrunch China’s largest search engine Baidu is getting an offline revenue boost after it led a $300 million strategic round in Xinchao Media, a company that shows people ads when they’re waiting for an elevator – or …

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The forgotten ‘Facebook of China’ is sold for $20M – TechCrunch

The forgotten ‘Facebook of China’ is sold for $20M – TechCrunch Renren, which was once heralded as the ‘Facebook of China’ and later became China’s answer to MySpace after falling out of fashion among its core young users, is selling its social networking business. Renren’s parent company Beijing Qianxiang Wangjing …

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Snap is being probed over its IPO because some investors are salty about losing money – TechCrunch

Snap is being probed over its IPO because some investors are salty about losing money – TechCrunch Here’s something I didn’t expect to read today. The U.S. Justice Department and Securities and Exchange Commission has subpoenaed Snap for details on its IPO apparently in connection with a lawsuit from disgruntled shareholders …

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Open sourcing analysis, plus US, China and HQ2 – TechCrunch

Open sourcing analysis, plus US, China and HQ2 – TechCrunch The big news today is that — finally — we have Amazon’s selection of cities for its dual second headquarters (Northern Virginia and NYC). Then some notes on China. But first, semiconductors and open sourcing analysis. We are experimenting with …

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China’s NetEase raises $600M for its music streaming business – TechCrunch

China’s NetEase raises $600M for its music streaming business – TechCrunch As Tencent Music, China’s largest streaming firm, reportedly stalls on its proposed U.S. IPO, one of its closest challengers is doubling down. NetEase Cloud Music, a rival operated by games and publishing giant NetEase, just closed a fresh $600 …

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11/11 shows biometrics are the norm for payments in China – TechCrunch

11/11 shows biometrics are the norm for payments in China – TechCrunch Chinese consumers were quick to adopt digital payments, and a recent shopping binge showed they are ready for another leap: biometric payments. On November 11, Alibaba wrapped up Singles’ Day – the world’s largest shopping event – and …

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Electric flying taxi service Lilium poaches key hires from Audi, Airbus – TechCrunch

Electric flying taxi service Lilium poaches key hires from Audi, Airbus – TechCrunch Lilium, the developer of a new, electric, vertical take-off and landing vehicle for a novel flying taxi service, has poached some pretty big former executives from Airbus and Audi as it builds out its technology and gets …

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