Jack Ma Sets Up Entrepreneur Training Institute in Indonesia
During the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group on Oct. 13, Jack Ma, Executive Chairman of Alibaba Group, stated tha...
10/15/20182 min read
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Chipmaker SMIC to Invest $3.655 Billion in Establishment of Joint Venture in Shanghai
SMIC announced at the Hong Kong Stock Exchange on Friday that SMIC Holdings, National Integrated Circuit Industry Investment Fund Phase II and an investment institution have agreed to set up a joint venture (JV) in Shanghai.
11/12/20212 min read
Chip Company WITINMEM Completes B1 Round Financing Worth $32 Million
WITINMEM, a low power AI chip maker, announced on Wednesday that it had completed a B1 round of financing worth 200 million yuan ($32 million).
1/26/20222 min read
Tencent Video Denies Cooperation With Kuaishou on Long-Form Videos
On July 19, Tencent Video issued a statement denying reports of its strategic cooperation with short video streaming platform Kuaishou on the secondary creation of long-form videos.
7/19/20222 min read
Snack Brand Xijie Completes A Round of Financing Worth $46.1 Million
The Chinese snack brand Xijie has completed its A Round of financing, garnering 295 million yuan ($46.1 million), jointly led by Source Code Capital and Focustar Capital.
10/28/20213 min read
Xiaomi May Suspend Semiconductor Development
Xiaomi began developing their own semiconductors as early as 2017, but two years after the initiative began it seems it may have run its course.
3/19/20201 min read
SenseTime to Start Offering Shares, 1.5 Billion Share Issuance to Raise Up to $769.18 Million
Chinese artificial intelligence startup SenseTime will begin offering shares on the exchange on December 7.
12/6/20213 min read
Didi to Enter Automobile Manufacturing Business: Report
A range of Chinese media outlets reported on Tuesday that Didi Chuxing is expected to start its own automobile manufacturing business. One report from _LatePost_ (https://www.latepost.com/news/dj_detail?id=575) further revealed concrete details on plans to have the company’s Vice President Yang Jun lead the new venture while the team actively recruits from major domestic auto manufacturers.
4/7/20212 min read
CATL Has Established A Team to Independently Develop Industrial Robots
CATL has set up a team in Shanghai to independently develop industrial robots and plans to invest in humanoid robot companies.
Chinese Companies Sue Amazon Over Bans for Paid Reviews
Chinese companies have filed a class action lawsuit against Amazon on September 13, accusing the platform of illegally banning and withholding funds on the grounds of paid reviews.
9/30/20213 min read
Semisight Secures Millions from Angel Investors
Recently, Semisight announced the completion of an angel round of investing worth of tens of millions of yuan. The deal was by Hui Capital and followed by Plum Ventures.
3/25/20222 min read
Li Auto Provides Limited-Time Insurance Subsidy for L9/L8/L7 Models
Li Auto announced today that, to celebrate the one-year anniversary of Li L-Series deliveries, cumulative deliveries have exceeded 250,000 vehicles and they are launching a limited-time insurance subsidy campaign.
8/30/20232 min read