China

Robotaxis are zipping around some of China’s open roads.

The company’s platform enables online influencers to mint NFTs for sale and may develop blockchain-powered virtual avatars.

The robotaxi race in China is heating up as startups scale their pilot programs to eventually commercialize the service.

Chinese companies are avoiding US public markets for now.

The company has plans to operate passenger services in 30 cities by 2024.

The sector has lost momentum after hitting its peak in 2020, in part due to policies limiting the use of subsidies for user acquisition.

While Huawei retreats from the smartphone business, Xiaomi is ramping up its presence in Europe, Africa, and Latin America.

Participating startups can benefit from Merck Group’s commercialization, industry connections, and capital investment.