On a weekly basis, we update our community on interesting events in the Bay Area related to cross-border emerging tech. We also share news in this segment we call “If You Don’t Know, You Should”. Don’t miss an update by following our Medium publication and subscribing to our newsletter!
Some of you may know WeChat as the #1 messaging platform used in China, but you may not know that 29% of all Starbucks China transactions in 2016 happened over WeChat pay. If you don’t have a WeChat strategy in your Asia/China entry plans, you probably should.
Our updates are China-heavy this week, but China’s clean energy initiatives cannot be ignored: the largest floating solar power plant has been launched in Anhui province of China and GSR Capital is in talks to buy Nissan’s rechargeable battery unit which produces batteries for the Nissan Leaf.
M&A and investments from China to the rest of the world continue as people are finding ways around capital restrictions while the government continues to clamp down. See SCMP’s report on the how people are getting money out of China and the fines on the violators recently caught.