Chinese Face-Swap Platform ZAO Apologizes After Privacy Backlash
China's viral deepfake app ZAO has bowed to intense media pressure and published an open letter addressing the concerns and their updated user agreement.
9/4/20192 min read
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NetEase Cloud Music Tests Trading Platform for Beats, Offering Behind-the-Scenes Support for Music Creators
NetEase Cloud Music is reportedly in alpha testing of a trading platform for beats, which would make the firm the first in the industry to provide such a service.
12/21/20212 min read
AI Firm LenzTech Bags Over $19M in Financing
Beijing-based AI startup LenzTech has secured new financing totaling $19.6 million. The round featured joint investment from Tiantu Capital, Ecovacs Robotics, Yunqi Partners, Zoo Capital and another investment institution.
4/19/20222 min read
Kuaishou and NBA Reach Multi-Year Strategic Cooperation Partnership, to Explore New Model for Monetizing Content Recreation
Kuaishou held a strategic cooperation conference alongside NBA China, announcing that the two sides have reached a multi-year strategic cooperation partnership.
2021 Global NEV Sales Ranking: Tesla First, BYD Second
The cumulative worldwide sales volume of NEVs last year was nearly 6.5 million, a year-on-year increase of 108%.
Xiaohongshu Bets on Livestreaming E-commerce to Promote Higher Profit
Xiaohongshu, a Chinese lifestyle-sharing platform, reportedly will upgrade its livestreaming business to an independent department. The site features many reviews and users can post videos and pictures to show off their purchases.
3/10/20233 min read
Chip Technology Firm Sandtek Secures 100M Yuan in Fresh Capital
Sandtek Corporation, a developer of semiconductor equipment and accessories, has recently completed financing of 100 million yuan ($14.7 million). Investors were Hillhouse Capital, FWI Capital and Guangdong Hengyitai Fund.
8/18/20222 min read
Huawei Denies Any Wrongdoing Alleged by the U.S.
The United States filed charges against China's telecom giant Huawei with allegations of stealing trade secrets from an American rival and committing bank fraud in violation of the sanctions against Iran on Jan. 28.
OnePlus Launches AI-Powered Ace 3V
The OnePlus Ace 3V positions itself as the "first AI phone for young people," offering features such as AI elimination, English teacher, writing assistant, etc..
Kindle E-Bookstore Withdrawal From China Spurs Questions from Chinese Netizens
Amazon will shutter its Kindle e-bookstore in China next year which has caused some discontent amongst its adherents. On June 10, Jiangsu Consumers Council in China called on Amazon to address consumer concerns.
Tesla Delivered 310,000 Vehicles in Q1, 2022
Tesla released a report on April 2 indicating that in Q1, 2022, it delivered more than 310,000 vehicles globally, up by 67.7% compared with its delivery of 184,800 vehicles in the same period last year.
4/6/20223 min read