Moonshot AI Secures $300 Million in Latest Funding Round, Boosting Valuation to $3.3 Billion
Market rumors suggest that Tencent's $300 million investment in Chinese AI startup Moonshot AI has elevated its valuation to $3.3 billion.
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Microsoft Azure China Business May Face A Major Adjustment
Microsoft Azure business in China may undergo a major organizational restructuring around the end of June this year, with a focus on the sales team of over 700 people led by Hou Yang.
Douyin Tests Home Delivery Service, 0.8 Yuan Per Order
ByteDance's Douyin recently launched its home delivery service. Merchants utilizing this function can directly provide door-to-door service for consumer orders for express delivery services.
12/1/20212 min read
Meituan and Didi Vie for Shares of E-bike Sharing Market
Chinese food delivery and services platform Meituan and ride-hailing giant Didi have recently made major moves into the e-bike rental market, each placing bulk orders for electric bicycles to secure a larger share of an emerging market that promises better returns than bike-sharing.
5/12/20203 min read
The Government of Rwanda and Alibaba Sign Agreements to Advance Rwanda's Economic Development
On Oct. 31, Alibaba Group and the government of Rwanda signed three Memoranda of Understanding (MoU) in Kigali, the capital city of Rwanda. Alibaba plans to est...
11/2/20183 min read
AI Bests E-sports Professionals in Mobile Game Honor of Kings
In yet another example of machine learning algorithms besting highly skilled players, an artificial intelligence system devised by Tencent’s AI lab named Wukong AI defeated a human team in a five-on-five Honor of Kings match on Aug. 1.
China's Wearable Device Shipments Down 7% YoY in Q1
According to a report released by IDC on Friday, the shipments of wearable devices in China in the first quarter of 2022 were 25.84 million units, down 7.5% year-on-year.
6/10/20222 min read
Autonomous Driving Firm Momenta Secures More Than $1 Billion in C Round Financing
Chinese self-driving technology startup Momenta has raised $500 million in a C+ Round of financing, making its overall C Round total more than $1 billion.
11/5/20212 min read
“Free Lunch” Charity Program — A Portion of Love in the Mountains
Back in 2011, before Taobao was the e-commerce app on everyone's lips, Luoluo discovered a charity program on the app called “Free Lunch”.
Vivo to Announce New Product Codenamed "Butterfly" on March 28
Chinese smartphone manufacturer Vivo released a teaser for its forthcoming model today, publishing an image of a butterfly flapping its wings alongside the caption: "see you on Monday."
3/25/20222 min read
Gushenxing-1 Will Carry out China's First Private Rocket Sea Launch Mission
On August 31st, Galactic Energy will soon carry out the launch mission of "The Gushenxing-1 Sea Launch Type" commercial carrier rocket, codenamed "The Little Mermaid". At the same time, the emblem of the carrier rocket has also been officially unveiled.
8/31/20231 min read
Tencent Alpha Tests Community Group Buying Product
Chinese tech giant Tencent has recently alpha tested a community group buying (CGB) applet "Exiangtuan" (鹅享团 Èxiǎngtuán) on WeChat.
2/21/20222 min read