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Tag: China

Amazon closing an e-commerce store: When do you get to this point?

Amazon.com Inc. is preparing to close a Chinese online store that serves consumers in mainland China, according to people familiar with the subject. What is still on? Other Amazon operations in China, such as Amazon Web Services, Kindle e-books and cross-border equipment that help send merchandise from Chinese merchants to…

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Chinese startup OneSpace fails at firs​t launch attempt

A solid-fueled rocket launched Wednesday by the Chinese startup OneSpace flew off course shortly after liftoff, the second time in five months one of China’s new space companies failed in a bid to become the country’s first private firm to place a spacecraft into orbit. The four-stage OS-M rocket, sometimes…

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What is the relationship between Google and China’s AI?

Google will meet next week with US military personnel to dispel Washington’s concerns that it is helping China’s artificial intelligence (AI) program, while refusing to help the Pentagon with technological initiatives. The chairman of the Joint Chiefs of Staff, General Joseph Dunford, said on Thursday that the Internet giant is…

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Learn from Avaloq, the fintech company that has accelerated growth

The fintech company Avaloq has presented strong results for 2018. The key growth driver was the continued demand for the company’s SaaS, BPaaS and license solutions from new and existing customers, which accelerated growth in markets such as EMEA. For the full year, the company generated sales of CHF 579…

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What we can learn from China: Is the real startup scene going on there?

BP Ventures has invested in PowerShare, a leading provider of integrated hardware and software solutions for charging electric vehicles in China. The investment is part of PowerShare’s A-Series Series, led by BP Ventures and backed by DETONG Capital Partners, a leading private equity firm in China. The Chinese start-up offers…

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Take your startup to a massive escale: XPENG Motors did it

XPENG Motors, a China-based electric car start-up, plans to massively advance its own e-offensive in 2019. It was not until mid-December that the start-up introduced its first commercial electric car model, the Xpeng G3. He carries Tesla genes, as we have already reported. Growing at high speed From December to…

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