Kuaishou Aims for GPT-4.0 Performance Level and Advances in Video Large Model
CEO Cheng Yixiao is confident that within the next six months, the comprehensive performance of Kuaishou's large model will reach the level of GPT-4.0.
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Geely-Backed Low-Carbon Methanol Plant Put into Operation
The world's first 100,000-ton low-carbon green methanol plant developed by Chinese automaker Geely and resource company Henan Shuncheng Group was officially put into operation on February 21.
2/22/20232 min read
Shenzhou-13 Crew to Return From Space Station Soon
The three Shenzhou-13 astronauts aboard China's space station will return to Earth soon after a national-record six-month mission in orbit, the China Manned Space Engineering Office (CMSEO) said on Thursday.
4/15/20222 min read
China VC Weekly: DNA Tests, Semiconductor Design and EVs
Three VC wins last week included DNA test company Genebox bagging a Series A+ round; semiconductor design firm X-Epic raising over $30 million; and EV brand Nezha netting $305.5 million first Series C tranche.
12/14/20204 min read
Xiaomi Reports Q1 2023 Performance: Progress in Chip Production, Electric Vehicles, and AI
Xiaomi has reported its Q1 2023 performance. In this quarter, the company achieved revenue of 8.42 billion USD, and an adjusted net profit of 452.6 million USD, marking a 13% year-on-year increase and a 121% sequential increase.
Li Auto CTO Wang Kai to Leave Position, Sources Say
Wang Kai, CTO of Chinese electric vehicle manufacturer Li Auto, will leave in the near future after joining the firm less than two years ago.
2/15/20222 min read
NIO To Launch New Headquarters in Hefei, Receives 10-Billion-Yuan Investment
On February 25, the signing ceremony of Anhui province's major industrial project took place at the JAC-NIO production base in Hefei.
2/25/20202 min read
Geely-backed Caocao Inc. Goes for Hong Kong IPO
According to data from Frost & Sullivan, based on the total transaction value (GTV), CaoCao Chuxing ranked among the top three ride-hailing platforms in China in 2021, 2022, and 2023.
5/1/20243 min read
Alibaba Launches E-Commerce Platform Miravia in Spain
Earlier this month, Chinese e-commerce giant Alibaba was reported to be officially launching Miravia, a new e-commerce platform for the Spanish market. A source close to the company confirmed this news.
11/30/20223 min read
iQiyi's Q3 Revenue Reaches $1.2 Billion, Net Loss Reaches $268.4 Million
iQiyi, an online video platform in China, announced its unaudited financial results for the third quarter on Wednesday. The financial report shows that the total revenue of iQiyi in the third quarter was 7.6 billion yuan ($1.2 billion).
11/17/20212 min read
Perfect World Records Strong Gaming Revenue Growth in 2019 and Q1 2020
Perfect World reported steady revenue growth from its gaming business in 2019 and the first quarter of 2020.
4/24/20203 min read
CATL and Bosch Open Joint New Energy Vehicle Maintenance Station
On July 25, the first dual-brand new energy vehicle repair station of Contemporary Amperex Technology Co., Limited (CATL) and Bosch's after-sale auto services arm in China, officially opened.