Tech Buzz China @TechBuzzChina
Independent research and advisory on China tech for investors and operators. Trips, bespoke research, and an investor-focused newsletter. techbuzzchina.com San Francisco, CA Joined June 2018-
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ANOTHER ONE OF ALIBABA’S HEMA FORMATS CLOSES After the Hema (Freshippo) X stores were recently announced to close down, Hema has announced closing all its Hema Linli (盒马邻里, Hema Neighbourhood) stores. Hold on, you may think, didn’t you recently write that Hema NB were…
When people picture robots, the first image is often humanoid. Sleek machines that walk, dance, and mimic us. Clips go viral online and make headlines around the world. But in capital markets, humanoids remain more spectacle than substance. Reality check: techbuzzchina.substack.com/p/in-hong-kong…
So, some people seem to have written off Meituan based on the Q2 results. Together, Meituan, JD and Alibaba have spent more than RMB 30 billion (I have even seen estimates of the investments as high as RMB 45 billion) on the food delivery war in Q2. And that was before the…
Two things: 1/ Honestly, I first heard about this podcast from Chinese founders, not SV ones. China really does know way more about SV than the other way around. 2/ At @TechBuzzChina we run regular trips to see China tech up close. Our September one has EVs, quantum, BCI,…
Two things: 1/ Honestly, I first heard about this podcast from Chinese founders, not SV ones. China really does know way more about SV than the other way around. 2/ At @TechBuzzChina we run regular trips to see China tech up close. Our September one has EVs, quantum, BCI,…
Alibaba $BABA stock jumped nearly 13% last Friday 8/29 after reports of progress on its AI chips. I got a bunch of questions, and I don’t have anything to add on the news but maybe a few points that add a “but also” to the dominant “it’s policy and sanctions driving everything!”…
This Deep Tech trip is shaping up to be more amazing than I thought possible, we have EV, evTOL, quantum, humanoid robot, BCI, autonomous driving and of course just “regular AI” company visits in 4 cities. So proud that our deep network in China tech is majorly paying off 😎
This Deep Tech trip is shaping up to be more amazing than I thought possible, we have EV, evTOL, quantum, humanoid robot, BCI, autonomous driving and of course just “regular AI” company visits in 4 cities. So proud that our deep network in China tech is majorly paying off 😎
Some more power stuff. I’m not trying to take over the niche that folks like @pretentiouswhat or @laurimyllyvirta cover so well, but just sharing something surprising I learned. So after my tweet (and that Fortune piece), a friend who follows energy more closely messaged me and…
SO, WHAT DID THE MEAL DELIVERY WAR BRING JD AND ALIBABA SO FAR? Based on data from Questmobile, Latepost analysed the effect of the meal delivery war in the past months. For the original charts, please check the link at the end. One of the goals of Taobao and JD in this battle…
We are going to Hefei instead of Guangzhou next month and I always knew it was a hub for deeptech but dang I forgot how many quantum startups it has (1/3 of China's total according to Google)
We are going to Hefei instead of Guangzhou next month and I always knew it was a hub for deeptech but dang I forgot how many quantum startups it has (1/3 of China's total according to Google)
🇮🇳🤝🇨🇳 On Aug 18, Chinese state media (Observer) ran an article titled “Indian Tycoons Attracted by Chinese Technology, Quietly Advancing Cooperation.” Some details, like Bloomberg’s reporting on Adani–BYD talks, have since been denied, but the broader narrative is striking:…
BS ALERT! ‘QUICK COMMERCE WORKS IN CHINA BECAUSE OF LOW LABOUR COSTS’ That's the claim I often hear when discussing instant retail (quick commerce) in China. And I would like to point out why I think that is nonsense. In the table below, I have compared the situation in Beijing…
THOSE WHO TRY TO PREDICT WHAT JD COULD DO WITH CECONOMY ... ... may want to keep an eye on how it handles the recent acquisition of Kai Bo, a supermarket chain in Hong Kong with 90 stores. Although a different market sector, it might provide some insight into JD's intentions and…
HEMA (FRESHIPPO) HAS ALIBABA GROUP'S FULL SUPPORT AGAIN It wasn't long ago that former Alibaba CEO Daniel Zhang and Hema CEO Hou Yi both 'retired' and new Alibaba Chairman Joseph Tsai and CEO Eddy Wu made it clear they wanted to get rid of a lot of Alibaba's brick-and-mortar…
This @FortuneMagazine article quoting my tweet about energy being a "solved problem" in China (for AI) went pretty viral in BOTH Chinese and English, which is a rare feat. Many sent me Chinese translations, including my in-laws lol
TEMU WATCH #9: TEMU'S REBOUND We have just published our 9th Temu Watch report at @TechBuzzChina. In the March edition (Temu Watch #7), we predicted how Temu could survive the cancellation of de minimis in the US. In the June edition (Temu Watch #8), we examined how the…
Someone wants me to buy something ... and the subject lines get more terrible by the day. Later this week, we'll see in our new @TechBuzzChina report if Temu is really this desperate ... or not.
🧵Takeaways from WAIC and Company Visits in Shanghai The @TechBuzzChina AI Trip began as a personal mission to get a clearer view of what is really happening in China’s AI sector. When I mentioned it to a few other investors, the interest was immediate, and the group filled up…
🚨 After an amazing @TechBuzzChina AI trip to WAIC Shanghai this July, we had so much inbound interest that we quickly pulled together a second China trip — this one focused more broadly on deep tech. We’re co-hosting with a partner org bringing a large group, so there are only…
FOR ALIBABA'S HEMA (FRESHIPPO), X DOES NOT MARK THE SPOT (PART 3) In the past months, I have been sharing how Alibaba has been closing its Hema X Membership stores: lnkd.in/d87pSbqg lnkd.in/eKe9TFhM Hema X was an attempt to copy Sam's Club's business model, but…
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