Industry Archives - Page 26 of 317

Founder of Alibaba Group, Jack Ma Returns to China

On March 27th, Jack Ma, founder of Alibaba Group, returned to China. Recently, some netizens witnessed Jack Ma in Wenyi Road Tunnel, Hangzhou. In the video, Jack Ma rides in a Toyota Kauste and occasionally talks with people around him.

SHEIN Refutes Risk of Shutdown in the US

A recent report suggested that Chinese fast fashion retailer SHEIN could face the threat of a "Shut Down SHEIN" campaign. SHEIN has denied the allegations and affirmed its adherence to US laws and regulations.

TikTok CEO Grilled by US Lawmakers

The United States Congress recently held a hearing on TikTok after a three-year hiatus, revisiting concerns over the app's ownership by ByteDance and the possibility of separating it from the Chinese parent company or outright banning it in the US.

Huawei Completes Localization of EDA Tools above 14nm

On March 24th, it was learned that Huawei's chip design team has worked with domestic enterprises to build EDA tools for processes above 14nm and will complete the necessary verifications in 2023.

UISEE Technologies Raises Several Hundred Million Yuan in Round C Financing

On March 24th, UISEE Technologies, a cutting-edge driverless solution provider, officially announced the completion of a round C financing worth several hundred million yuan. This round of investment was led by Dongfeng Asset Management and Chongqing High-tech Holdings under Chongqing High-tech Development and Construction Investment Group. The funds will accelerate the broad-based expansion of UISEE Technologies in key strategic industries.

Lenovo Reportedly to Cut Legion Gaming Smartphone Business

Gaming smartphones are having a hard time at present. Lenovo's smartphone brand Legion is reported to be completely abolished.

Chinese Scientist Nieng Yan Assigned as Director of Shenzhen Bay Laboratory

Well known Chinese structural biologist Nieng Yan was appointed as the director of Shenzhen Bay Laboratory on March 22.

JD Industry Raises $300 Million in Round B Financing

On March 23rd, JD Industry, a sub-group of JD.com and an industrial supply chain technology and service business, announced the completion of a B Series preferred stock transaction with the total amount of $300 million.

Baidu Responds to Functional Plagiarism of ERNIE Bot

On March 23rd, a blogger on Weibo published an article that questioned ERNIE Bot's image generating function has all but copied "StableDiffusion", and that ERNIE Bot has limitations in its Chinese semantic understanding. To this, Baidu responded that ERNIE Bot is a big language model fully developed by the company, and the ability of words to generate pictures comes from the big model ERNIE-ViLG.

Alibaba to Merge Restaurant Review Business into Map App AutoNavi

Chinese e-commerce giant Alibaba plans to merge its restaurant review business (previously known as Koubei) with its AutoNavi map app.

Chinese E-Commerce Platforms Start Applications for ChatGPT to Business

As soon as ChatGPT was released, it aroused some discussion. In the cross-border e-commerce sector, many enterprises have started to access ChatGPT to improve operational efficiency.

Tencent’s Net Revenue and Profit Declines in 2022, Q4 Net Profit Increases By 19%

Leading Chinese tech firm Tencent released its 2022 Q4 and full-year financial report on March 22.

NVIDIA Offers AI Supercomputing Capabilities through Chinese Cloud Service Providers

On March 21st, local time, Huang Renxun, founder and CEO of NVIDIA, disclosed new artificial intelligence and chip technologies at GTC, an annual technology summit for software developers. The most impressive announcement was that the company will rent powerful and expensive supercomputers that were used to develop artificial intelligence technologies such as ChatGPT to almost all enterprises.

Former Leader of Alibaba M6 Joins ByteDance AI Lab

Yang Hongxia, the former leader of Alibaba's M6 model, left her post at the Alibaba DAMO Academy Intelligent Computing Lab in September last year for personal and family reasons, and has now joined ByteDance's AI Lab (Artificial Intelligence Lab) to participate in the R&D of language generation model.

Mobile Content Platform Qutoutiao to be Delisted from Nasdaq

Chinese mobile content platform Qutoutiao has received a determination letter from Nasdaq indicating the exchange's intent to delist the company's shares. The stock will be suspended from Nasdaq trading starting at market open on March 23.

Huawei to Begin Offering Enterprise Resource Planning

Huawei held a summary and commendation meeting on its product R&D tools at its base in Shenzhen, Guangdong Province, on February 28.

CATL’s Kirin Battery Begins Mass Production

Kirin battery, the ace technology of global battery giant CATL, has begun its mass-production. Zeekr, a premium electric automobile brand owned by Geely Automobile Holdings, will be the Kirin Battery's first global mass production model.

HUYA 2022 Q4 and Full Year Earnings Analysis: Q4 Revenue in Line, Achieving Stable User Performance While Promoting Operational Efficiencies

On March 21, 2023, Huya Inc., a leading game live streaming platform in China, has released its 22Q4 and full year financial results, achieving steady quarterly and yearly user scales, with its 2022Q4 total net revenues in line with market consensus.

Alibaba VP Yangqing Jia to Quit and Start Own AI Business

Yangqing Jia, Vice President (VP) of Chinese internet giant Alibaba, has stirred up some discussion with his departure from the company and intention to strike out on his own.

Roborock Releases Two Automatic Cleaning Robots

On March 21st, Roborock released its annual flagship automatic cleaning robot G20 and a brand-new model, the P10.

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