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Meanwhile in China: Weekly News Roundup [10/16-10/20]

  • China food delivery start-up reaches $30 billion valuation

    Photo: Reuters

Based in Beijing, Meituan is one of the top two food delivery companies. Since its merger with Dianping, the Chinese version of Yelp, two years ago, the new company China Internet Plus’s valuation has been growing steadily. After its most recent round of funding, the company is now valued at $30 billion, making it the world’s fourth-most valuable start-up, ahead of high-fliers like Airbnb and Space X.

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Source: Business Day

 

 

  • Google is hoping a Chinese-American rapper can help it break back into China

    Earlier this month, Google released a video advertising Google Translate to Chinese users. The ad follows the Chinese-American rapper MC Jin as he wanders around Shanghai, using Google’s service to translate signs, posters and graffitis. Using augmented reality, the app renders the images to display Chinese script.

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Source: Quartz

 

  • Baidu wants to launch a self-driving bus in China next year

    Photo: Tomohiro Ohsumi/Bloomberg via Getty Images

Baidu, China’s search giant, is planning to release a fully self-driving bus in China next year. The bus will run on a designated route and Baidu is working with a Chinese company to make it. The cars will be powered by Apollo, an open-source autonomous vehicle software it developed with the help of NVIDIA.

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Source: Engadget

 

 

  • 1 billion could be using 5G by 2023 with China set to dominate

    Photo: Simon Dawson | Bloomberg | Getty Images

Analysts at CCS Insight predict that 5G, the fifth generation of mobile network, will be in place by 2020 and that there will be more than one billion users of 5G by 2023, with more than half based in China, thanks to China’s ambition in leading technology development, the rise of local manufacturer Huawei, and the breakneck speed at which consumers have upgraded to 4G connections.

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Source: CNBC