Under DeepSeek's Impact, Moonshot AI Significantly Reduces Marketing Budget
Chinese AI startup Moonshot AI has recently decided to significantly reduce its marketing budget, according to Chinese media Jiemian report.
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Blizzard President: Do Everything to Reopen Chinese Servers ASAP
On July 17th, the suspension of operation for the Chinese servers of 7 Blizzard games, including World of Warcraft, has reached 175 days, approaching half a year. Mike Ybarra, President of Blizzard, was also asked about the situation regarding the Chinese servers during a live stream on July 15th.
Xiaomi and Huawei to Invest in NIO Battery Supplier Welion New Energy, Sources Say
Jiangsu Welion New Energy, a semisolid-state battery supplier of Chinese electric vehicle firm NIO, will receive investment from strategic institutions such as Xiaomi and Huawei.
11/26/20213 min read
Micro-Lenders Under JD.com, ByteDance, Meituan and Others Accelerate ABS Issuance
Since the beginning of this year, micro-lenders under five Chinese internet giants, namely Tencent, ByteDance, Baidu, Meituan and JD.com, have been successfully approved to issue ABSs amounting to 39.33 billion yuan ($5.4 billion).
Greatar Secures Round A+ of Financing, Xiaomi Industrial Investment Management Invests Exclusively
Greatar, a Chinese supplier of AR diffraction optical waveguide and diffraction grating equipment, announced it had completed its round A+ of financing.
12/17/20212 min read
ThreatBook Secures $47.1M Financing Led by CDH Investments
Security threat intelligence company ThreatBook had completed an E+ round of financing worth more than 300 million yuan ($47.1 million). The deal was led by CDH Investment and followed by existing shareholder Star Road Ventures.
3/28/20223 min read
Ant Group Launches Multimodal Remote Sensing Model "SkySense"
SkySense can be used for terrain, crop observation, interpretation, and effectively assist agricultural production and management.
Xiaomi Spins Off Its Premium Sub-brand POCO as an Independent Company
Xiaomi launched POCO in 2018 as a premium smartphone brand expected to take on competitors like OnePlus and Samsung on the global stage.
1/17/20202 min read
Alibaba Cloud Launches Third Data Center in Germany
Alibaba Cloud, a cloud computing services provider owned by Chinese internet giant Alibaba Group, announced on Tuesday that it has added a new data center in Frankfurt, Germany.
5/17/20222 min read
QR Code Craze Powers China’s Coronavirus Fight While Raising Concerns Over Privacy
As China encourages people to return to work despite potential fears associated with the coronavirus outbreak, a QR code craze has once again taken over the country.
Baichuan AI Completes 5 Billion RMB Series A Financing, Valuation Exceeds 20 Billion RMB
Baichuan AI has recently completed a Series A financing round, raising a total of 5 billion RMB.
BYD Frigate 07 Launched in China, Priced From $29K
BYD's Ocean Series five-seat hybrid SUV "Frigate" model was launched on December 9. The new car comes in six options with five colors, and the price is 202,800 - 289,800 yuan ($29,077 - $41,551) after reducing subsidies.
12/12/20223 min read