SHEIN to Secure New Funds, Valuation Drops Below $70B
Chinese online fashion group SHEIN reportedly is about to close a new fundraising round at a reduced valuation of between $65 billion and $70 billion.
2/23/20233 min read
Category: Industry
Showing 12 of 6361 posts in this category
Strawberry Farmers Deploy AI from Pinduoduo Smart Agriculture Competition to Boost Productivity and Incomes
Farmers in one of China’s main strawberry production areas are expecting increased output after deploying precision technology developed through a smart agriculture competition organized by domestic tech firm Pinduoduo.
1/29/20223 min read
Ubtech Robotics Delivers Pint-Sized Robots to 300 Pre-Schools in Seoul, South Korea
The project aims to introduce Ubtech's educational robot Alpha Mini into local kindergartens to help further artificial intelligence education for preschool children.
12/8/20212 min read
Tencent-Backed Beike Shows Strong Performance for Fiscal 2020
Beike, a housing transaction and services platform listed on the New York Stock Exchange, published its unaudited financial result for the fiscal year 2020 on Monday.
3/16/20212 min read
ByteDance to Develop Chips for Its Own Video Recommendation Services
Yang Zhenyuan, Vice President at ByteDance, said that the company has no general-purpose chip plan and is not involved in businesses such as the manufacturing of CPUs and GPUs.
7/20/20222 min read
Mobike Denies Misappropriating Deposit, Says Users Can Withdraw Any Time
Mobike rejected a November report that it and its competitor ofo had run into liquidity problems and started using users’ deposited funds to support their expan...
Alibaba to Take Control of Chinese Supermarket Giant Sun Art in $3.6B Deal
Alibaba Group Holding Ltd. said on Monday it will invest about $3.6 billion to increase its stake in Sun Art Retail Group Ltd., one of China’s largest supermarket operators.
DJI Releases Osmo Pocket — Hybrid of Drone and GoPro
Tighten your purse strings, otherwise Osmo Pocket, the smallest handheld stabilized camera released by Chinese drone company DJI on Nov.29, will take $349 right...
Alipay's New Delegated Investment Product Halted for Non-Compliance
A new delegated investment product, "Jinxuan Investment," launched by Alipay and other six institutions on January 4 this year, has been suspended.
1/14/20221 min read
Sequoia Capital China Sets Up New Infrastructure Fund
Recently, Sequoia Capital China completed fundraising for its new infrastructure equity investment fund, which featured the participation and support of many investment institutions, including Brookfield.
1/20/20222 min read
NIO Forms A Team to Research the Robot Dog Project
NIO has formed a team of about 20 people dedicated to researching the robot dog project, led by former Momenta algorithm expert Xu Kang.
Logistics Firm SF Express Launches "Zero Carbon Future" Project
On Earth Day on Friday, Chinese delivery services and logistics company SF Express launched the industry's first "Zero Carbon Future" project.
4/24/20222 min read