Banking the unbanked in emerging markets

Hands around finance data inside of crystal ball As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. People need to purchase food, pay electricity bills, top up transportation cards, arrange online services, buy overseas goods, repay loans, and send money to relatives. Unlike the U.S., however, where 93% of people have… Read More

China’s Mobike raises $600M to expand its bikes on-demand service worldwide

 Mobike, one of two fast-emerging on-demand bike rental services, has landed $600 million in new funding as it seeks to expand its business outside of China. Bike rentals are shaping up to be the first global tech industry that was born in China. The principle is simple: bikes are fitted with GPS trackers which allows them to be picked up from and left anywhere using an app. With companies… Read More

Join Didi and bike-sharing pioneers Ofo and Mobike at our Shenzhen event this month

 TechCrunch is excited to announce that representatives from China’s top on-demand startups will be speaking at our inaugural event in Shenzhen. Didi Chuxing, the company that beat Uber out of China, and red-hot bike-sharing startups Ofo and Mobike — which have pioneered a new kind of point-to-point transportation in China — are among the speakers confirmed for TechCrunch… Read More

China’s Weibo restricts overseas users on Tiananmen anniversary

 June 4 fell this weekend, which, in China, marks the anniversary of the Tiananmen Square massacre in 1989, one of the most infamous dates in the country’s modern history. The government has never acknowledged nor commented upon the event — which resulted in upwards of 300 deaths as troops forcibly suppressed student-led protests. China’s internet regulators are usually hard… Read More

Xiaomi’s second bezel-less Mi Max smartphone claims a two-day battery

 Chinese smartphone giant Xiaomi made a big splash when it announced the the Mi Max, its much-heralded device with a near bezel-less display, last year — now we have a follow-up phone. The Mi Max 2, unveiled today at an event in Beijing, will be available in China from June 1 priced upwards from RMB 1699, that’s around $247. Xiaomi claims it sold over three million of the… Read More

Report: Hackers ‘aligned’ with Vietnam government attacked international firms and media

 A hacker group “aligned with Vietnamese government interests” carried out attacks on corporate companies, journalists and overseas governments over the past three years, according to a report from cyber security firm FireEye. FireEye, which works with large companies to secure their assets from cyber threats, said it has tracked at least 10 separate attacks from the group… Read More

Alipay, China’s top mobile payment service, expands to the U.S.

 China’s dominant mobile payment service is making its move in the U.S.. Ant Financial, the Alibaba spin-off that operates Alipay, has inked a deal with payment processor firm First Data that will allow its service to be used at point-of-sale with more than four million retail partners in the U.S.. The deal is the first of its kind for Alipay in the U.S.. The two companies… Read More

China’s bike rental startups are learning a lot about how people spend their free time

 Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. China’s bike rental startups have hogged the startup limelight and investor dollars this year. The trend has been impossible to ignore, both on the ground and in reporting. Ofo became the industry’s first unicorn, while Mobike has pulled in over $300 million in… Read More