Crunch Report | Walmart Acquires Modcloth

Apple investing $500 Million into R&D Centers in China, Walmart acquires Modcloth, and John Mannes reports…

Apple plans to invest $500 million for new research centers in China

 Apple is trying to tap into local talent by building new research centers around the world.…

Alibaba invests in WayRay, a maker of augmented-reality dashboards for smart cars

 After launching its first car last year, Alibaba is digging deeper into the automobile industry. The…

China’s taxi on-demand war reignited: Didi rival UCAR is raising $1 billion

 Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China.…

Baidu Ventures partners with Comet Labs as both double down on artificial intelligence

 Baidu Ventures exists on the front-lines of the Chinese search giant‘s push to brand itself as…

Nearly one year after launch, Apple Pay finds limited traction in China

 After a slow start, Apple Pay is now dominating its home country, the United States, but…

China’s newest source of on-demand hype, rental bicycles, gets its first unicorn

 There can be no hype without a unicorn. China’s newest startup money pit — bicycle rentals on-demand…

Ambitious Alibaba takes aim at the kings of cloud computing

 When you think of the biggest cloud players in the world, one company you might not…