China Criticizes US Order Against Dealing With Chinese Apps

China’s government on Wednesday accused Washington of misusing national security as an excuse to hurt commercial competitors after President Donald Trump signed an order banning transactions with payment services Alipay and WeChat Pay and six other apps.Tuesday’s order escalated a conflict with Beijing over technology, security, and spying accusations that has plunged US-Chinese relations to…

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Udaan E-Commerce Startup Raises $280 Million From Tencent, Others

Udaan, a homegrown business-to-business e-commerce startup, has raised $280 million (roughly Rs. 2,046 crores), it said Wednesday, as it seeks to serve more mom-and-pop businesses that are buying products online in the wake of the COVID-19 pandemic.Udaan said existing investors including Chinese tech giant Tencent, Lightspeed Venture Partners, DST Global, GGV Capital, and Altimeter Capital…

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