Pinduoduo Rumored to be Filing for U.S. IPO Next Week
On the morning of June 28, sources from China Entrepreneur Magazine disclose that leading e-commerce platform Pinduoduo is rumored to be filing for an IPO at th...
6/29/20182 min read
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IDC FutureScape's Top Ten Predictions for China's AI Market in 2024
The International Data Corporation (IDC) forecasts that by 2027, global investments in artificial intelligence (AI) will reach $423.6 billion, demonstrating a compound annual growth rate (CAGR) of 26.9% from 2022 to 2027.
Chinese Companies Including Tencent Initiate Open Source Operating System Community OpenCloudOS
On Wednesday, the open source operating system community OpenCloudOS was officially launched.
12/24/20213 min read
China VC Weekly: Xpeng Beats All Odds with $500M Series C+
One of China’s top EV-makers, Xpeng Motors, announced that it has completed a C+ round of financing raising nearly $500 million.
7/20/20203 min read
India’s Gaming Industry is Taking off — Can it Go the China Way?
India’s gaming industry has finally picked up! Even though it is going to be a while until it becomes as big as that in China, it is amazing to watch the boom of an industry and imagine if this is how it used to be when gaming started to become popular in the Middle Kingdom.
More than 600 Million Yuan to Be Invested in Safety Over Next Two Years: Zhou Shengfu, CEO of Lalamove
Zhou Shengfu, CEO of vehicle-hailing platform Lalamove, said on Tuesday that all safety improvement measures that the company promised earlier have now been fully put into force.
Wanda Group Establishes Automobile Company With Registered Capital of $15.65 Million
Wanda Group, a Chinese multinational conglomerate headquartered in Beijing, established Wanda Automobile Technology Co., Ltd. with a registered capital of 100 million yuan ($15.65 million).
11/24/20212 min read
Lenovo's Sophisticated AI PC Will Debut in China on April 18th
Lenovo CEO Yang Yuanqing stated that on April 18th, the Tech World Lenovo Innovation Technology Conference will be held in Shanghai, and sophisticated AI PC will debut in the Chinese market first.
China VC Weekly: Mixed Reality and Cleaning Technology
Qualcomm-backed Nreal, announced the completion of a $40 million B1 round of financing led by the Chinese short-video giant and TikTok nemesis Kuaishou.
The Chinese 3A Game 'Black Myth: Wukong' Is Released, Topping the Steam Most Played Games
The Chinese 3A game 'Black Myth: Wukong' has officially launched, and within less than an hour of release, it become the most played game on Steam.
China's Geely Buys 7.6% Stake in Aston Martin
Leading Chinese car manufacturing group Geely announced on September 30 that it had completed its acquisition of a 7.60% stake in British luxury marque Aston Martin.
9/30/20222 min read
OriginOS Ocean, New Version of Vivo's Original System, to be Released December 9
Vivo announced on Monday that a new version of its smartphone operating system, OriginOS, will be released on December 9. The new OS will be named "OriginOS Ocean".
11/29/20212 min read