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According to media reports on Wednesday, J&T Express has completed a C1 round of financing worth $1.735 billion, bringing its valuation to $19.77 billion. J&T Express denied the report.
On-demand logistics and delivery company Lalamove is close to completing a $1.5 billion financing round that would bring its valuation to around $10 billion, according to Chinese media.
Tencent released the open-source MoE large language model Hunyuan-large with a total of 398 billion parameters, making it the largest in the industry.
Alibaba Group’s Chief Marketing Officer Chris Tung delivered a keynote speech to introduce the company’s carbon reduction action model and call on more enterprises to jointly promote low-carbon consumption at a side event during the 2023 Partnership Forum at the UN ECOSOC.
The 2021 World Internet Conference (WIC) Wuzhen Summit was held in Zhejiang province, China, on Sunday. Zhang Yong, Chairman and CEO of Chinese Internet giant Alibaba, spoke at the plenary meeting.
Baidu's Q2 saw revenue and profit growth, with Robin Li exploring generative AI and large language model opportunities.
After Kingsoft Cloud's stock price dropped on Monday, the cloud service provider in China announced that it will explore a dual listing of its ordinary shares on the Main Board of the Hong Kong Stock Exchange.
BYD, the world's first automaker to cease production and sales of pure gasoline vehicles, has recently entered into a strategic partnership with Weichai Power, China's largest diesel engine manufacturer.
Demeter Bio-Tech (Zhuhai) Co., Ltd., a microalgae product synthesis enterprise, has recently completed a pre-A round of financing totaling nearly 100 million yuan ($14.50 million).
Hello Group (formerly known as Momo Inc.), a platform that started as a place to meet strangers, is planning a second listing in Hong Kong.
Chinese social networking product developer Newborn Town announced on Thursday that it would establish a fund in partnership with Spriver Tech Limited and its wholly-owned subsidiary before March 31.
Recently, Smart Green Charging, a supplier of electrical systems for new energy vehicles, announced the completion of a new round of financing worth 100 million yuan ($16 million).