ByteDance Establishes a Large Model Research Institute
Insiders reveal that several AI experts have already joined the large model research institute and will report directly to Zhang Yiming.
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The National Radio and Television Administration calls for Strict Controls on "Idol" Programs
China's regulator on Tuesday proposed strict controls on so-called "idol cultivation programs", while focusing on the management of talent shows by monitoring the setting of voting procedures.
8/5/20213 min read
Vision System Developer Lanxin Technology Finishes B Round of Financing Worth Over 100 Million Yuan
Hangzhou Lanxin Technology announced its completion of Round B financing, amounting to over 100 million yuan ($15,695 million).
11/30/20212 min read
DJI Releases Mavic 3 Drone, Starting from $2169
DJI officially released the latest version in its Mavic series of aerial drones on Friday with prices ranging from 13,888 yuan ($2,169) to 32,888 yuan ($5,199).
11/5/20213 min read
Singulato Motors Completes New Round of Funding Close to $100 Million
Chinese electric vehicle (EV) maker Singulato Motors received a capital injection from Japan’s Itochu Corp amounting to nearly $100 million on October 12, according to Reuters.
10/12/20192 min read
China Esports Weekly: ByteDance Acquires Game Publisher Moonton, Morris Garages Partners With Bilibili Esports
Last week, China’s esports industry saw several new partnerships and a major acquisition by Beijing-based technology giant, ByteDance.
ByteDance Raises Up to $600 Million in Funding For Its Subsidiary Dongchedi
ByteDance is raising up to $600 million in funds for its automotive information and transaction platform 'Dongchedi'.
9/9/20241 min read
Video PaaS Firm Feihu365 Technology Wins B+ Round of Financing Worth Over $15.6 Million, Led by Shunwei Capital
Feihu365 Technology announced that it had completed a new round of financing, in which it garnered over 100 million yuan ($15.6 million) in investment led by Shunwei Capital and followed by previous shareholders.
11/9/20212 min read
WeChat Pay and UnionPay Mobile QuickPass Promote Payment Cooperation
Tencent announced on Thursday that WeChat Pay and UnionPay Mobile QuickPass are promoting cooperation between their payment platforms and are now integrating each other's payment methods into one another another.
9/30/20212 min read
Chinese Autonomous Driving Company Holomatic Completes B1 Round of Financing
Holomatic, an autonomous driving technology company, announced today that it has completed the B1 round of financing with investors including Tongfang Investment, Yulin Investment and NavInfo of Baiyue Group.
6/29/20213 min read
Douyu Confirmed the Arrest of Its CEO Chen Shaojie
On November 21, Nasdaq-listed game livestreaming company Douyu announced that the company's CEO, Chen Shaojie, was arrested by Chengdu police around November 16, 2023.
Chinese Co-working Space Giant Ucommune Raises RMB 300 Million at $1.8 Billion Valuation
Ucommune, previously UrWork, the only Chinese unicorn in the co-working space, announced on August 14 that the company received a new round of funding from RK P...