Tag: China
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In southern China near the border with Laos, there is a mine. To this day, it is heavily guarded by the Chinese government. Any journalist who tries to visit is detained. Inside the mine: the possible origin of the COVID pandemic. Scientists identified the animal that first transmitted the original…
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Didi Chuxing, or “Honk Honk Taxi”, was one of the greatest success stories of Chinese tech. Founded in 2012, it broke out just months later by providing rides during a heavy Beijing snowstorm. A regular taxi was impossible to get, but Didi came through. After that, the company was on…
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The Chinese Communist Party has launched a severe crackdown on the technology industry: Didi Chuxing, the Chinese equivalent of Uber, had its app removed from all Chinese app stores shortly after its US IPO ByteDance, parent company of TikTok, shelved its IPO plans under regulatory pressure. Its CEO has resigned.…
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+ Angel Investing, Asia, CCP, China, Communism, Investing, Startup, Startups, Tech, Venture Capital, Xi Jinping+
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Major news over the holiday weekend as the Chinese government required all app stores in China to remove the Didi Chuxing app. Didi is the Chinese equivalent to Uber, and dominates shared rides in the country, along with a major presence abroad: China has ordered app-store operators to remove the…
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China is creating its own cryptocurrency, which will allow much easier surveillance and control of their population than existing coins. In order to push bitcoin off its throne and replace it with a digital yuan, China could launch a powerful sneak attack on bitcoin. Bitcoin transactions are handled by “miners,”…
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Tremendous 