Tech China Post #109

PingCap, enterprise software maker in China, is looking to help Chinese companies to reduce reliance on Oracle and IBM. PingCap has raised over $70 million in funding. (link)

A group of environmentalists examined the potential impacts to sustainability if the trade war worsens. An example would be increasing farming of soybeans in China to reduce dependency on U.S. export of soybeans. This shift would change water imbalance and land degradation in China and other parts of the world. (link)

The State of California has issued licenses to two Chinese autonomous vehicle startups to test robotaxis. Together, Autox Technologies and Pony.ai have raised more than $300 million in early 2019. (link)

According to PitchBook, venture capital funding in China’s electric vehicle startups has dropped from $6 billion to $783 million for the same period. (link)

MIT article discusses China’s technology leadership in mobility. In the area of electric vehicles, 60% of world’s production of lithium-ion batteries is controlled by China. (link)

Warburg Pincus, one of the largest private equity funds, announced a new $4.25 billion fund to invest in consumer, services, healthcare, technology and media companies in China and Southeast Asia. (link)

Apple will shift the manufacturing of Mac Pro to China. Mac Pro is the remaining Apple product that has historically been assembled in the U.S. (link)

China’s Tsinghua Unigroup is creating a new DRAM (dynamic random access memory) chip unit. DRAM chips are the most commonly used chips in mobile phones and other applications. To date, most of the DRAM chip productions take place in the U.S. and South Korea. (link)