Kingsoft Cloud Shares Soar 40% in U.S. Trading Debut After Luckin’s Fraud
China’s cloud services provider Kingsoft Cloud Holdings Ltd. shares rose 40% on Friday in the first major trading on the NASDAQ stock exchange.
Category: Industry
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Microsoft and XPeng Motors Cooperate to Equip Cars With "Human Voice" Driver Assistance
Microsoft officially announced that with the support of TTS, a deep neural network based on Microsoft Azure, Chinese electric vehicle company XPeng Motors has successfully upgraded its driver assistance function.
1/7/20223 min read
China VC Weekly: Drugs, Semiconductors, and Self-driving Cars
In last week’s VC news, drug research firm XtalPi raised a massive $400 million to bring it to a new lofty valuation, prominent LiDAR company Innovusion closed a $66 million Series B round, and more.
8/23/20216 min read
Car-sharing Platform TOGO Raised $22 Million in B Round
Car-sharing Platform TOGO Received USD 22 Million in B Round Financing with SIG as Keading Investor and Zhen Fund as Following Investor Car-sharing company TOG...
10/28/20172 min read
NIO’s Overseas VP Resigns, Momenta R&D Director Ren Shaoqing to Take Over
Jamie Carlson, the North America-based vice president of autonomous driving for NIO and former staff at Apple’s car project Titan, resigned in June and returned to Apple’s Special Projects Group.
8/14/20202 min read
Full Truck Alliance Prepares for Second Listing in Hong Kong
Full Truck Alliance is reportedly planning a second listing in Hong Kong, and will submit a formal application as soon as this month.
2/16/20222 min read
Huawei Unveils World’s First Flagship 5G SoC to be Used in Huawei Mate 30 Series
Chinese telecommunications giant Huawei released its latest flagship Kirin 990 series chipsets in Berlin on September 6.
Former CEO of JD Logistics to Join Energy Firm GCL Group
Wang Zhenhui, former CEO of JD Logistics, a business group within JD.com, will soon join Golden Concord Limited Holdings Co., Ltd. (GCL Group), an enterprise committed to the advancement of green, low-carbon and zero-carbon technology.
7/29/20223 min read
Biden Withdraws Trump’s Executive Orders Seeking to Ban TikTok and WeChat over Security Concerns
US President Joe Biden on Wednesday revoked former President Trump's executive orders trying to ban Chinese short video app TikTok and instant communication app WeChat over national security concerns and issued a new order to review security concerns posed by these apps, the White House said.
Baidu CEO Robin Li Says Baidu May Go Global Once Their Search Services Upgraded in AI Era
Robin Li, the founder and CEO of Chinese search engine Baidu, said that artificial intelligence (AI) will innovate all kinds of industries, including Baidu’s search engine.
Lenovo, Xiaomi Reportedly Curtail Operations in Russia
Major Chinese tech companies are discreetly pulling back from doing business in Russia under pressure from US sanctions and suppliers.
5/7/20222 min read
China Proposes Stricter Regulation on Online Gaming, Major Stocks Plunge
China's draft regulations on online games, which discourage daily login rewards and mandate user recharge limits, could significantly impact the profitability of gaming companies.