Moonshot AI's New Valuation Is $3 billion, With Tencent Joining in
The financing of Moonshot AI, a large-scale company, is still ongoing, and the latest valuation has reached $3 billion, with new entrants include Tencent.
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Chinese AI Startup Megvii Open Sources Its Proprietary Deep Learning Framework MegEngine
Beijing based AI startup Megvii announced today that it will open source its deep learning framework MegEngine.
3/25/20202 min read
K12 Education Company Huohua Siwei Finishes Series E Financing, Raising Over $400M
Online K-12 education platform Huohua Siwei recently completed a Series E round of financing, raising more than $400 million through three stages - the E1, E2 and E3, respectively - of fundraising.
1/26/20212 min read
Delivery of Li Auto's L8 and L9 Delayed, Fuel Cards Offered as Compensation
Li Auto announced on November 27 that due to a supply shortage of core auto parts, vehicles that should have been delivered at the end of November as shown in the firm's mobile app will be postponed until December.
11/28/20223 min read
Huawei Launches In-House ERP System MetaERP to Replace Oracle
Huawei announced on April 20 that it has launched a self-developed ERP system named MetaERP.
4/20/20233 min read
Alibaba Increases Stake in Health Venture to 57.06%
Alibaba Health Information Technology Limited announced on the Hong Kong Stock Exchange website on May 20 that that its parent entity, Alibaba, has increased its shareholding in the company from 7,664,602,068 shares to 7,713,318,533 shares.
5/23/20222 min read
Xiaomi 12 Smartphone Series to Launch Soon, CEO Lei Jun Assures the Brand Will Develop "Fast and More Steadily"
The Founder and CEO of Chinese electronics firm Xiaomi announced on Tuesday that the Xiaomi 12 smartphone series and the brand-new MIUI 13 operating system will be released at 19:30 on December 28.
12/21/20213 min read
OPPO Acquires LM Startup Company AIWaves
The LLMs startup company AIWaves will be acquired by the mobile phone manufacturer OPPO.
Huawei and Xiaomi's Contract Manufacturing Plant's Actual Controller Has Been Arrested
On December 1st, Zowee Technology issued an announcement stating that its actual controller Xia Chuanwu was arrested for suspected insider trading and market manipulation.
12/6/20235 min read
Chinese EV Maker WM Motor Plans to List on Star Market in 2021, Source Says.
Chinese electric vehicle manufacturer WM Motor is seeking to list its shares on the sci-tech innovation board (the STAR Market) after the completion of its D-round of financing.
8/19/20202 min read
Yuanfudao Completes Another Round of Funding, Bringing Valuation to Over $3 Billion
Yuanfudao, an online tutoring platform based in Beijing, has raised $300 million from Chinese Internet conglomerate Tencent in a deal that values the education company at $3 billion.
12/25/20182 min read
BYD to Enter British Market, Discussing with Local Dealer Pendragon
Chinese EV maker BYD is set to enter the UK later this year, and local car dealer Pendragon on September 21 revealed in its financial results for the first half of 2022 that it has held discussions with BYD on cooperation.
9/21/20223 min read