Kingsoft Cloud Shares Soar 40% in U.S. Trading Debut After Luckin’s Fraud
China’s cloud services provider Kingsoft Cloud Holdings Ltd. shares rose 40% on Friday in the first major trading on the NASDAQ stock exchange.
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BYD Will Invest 100 Billion Yuan in Developing AI and Smart Technology for Cars
BYD will invest ￥100 billion in developing intelligent technology combining AI and automobiles, achieving comprehensive vehicle intelligence advancement to win future technological discourse power.
Huawei Responds to Trump's Executive Order: Banning Huawei Will Not Make America More Secure
May 15, The US President Donald Trump declared a national emergency over threats against American technologies, the White House stated. The executive order aims to "protect America from foreign adversaries who are actively and increasingly creating and exploiting vulnerabilities in information and communications technology infrastructure and services".
5/16/20192 min read
Microsoft and XPeng Motors Cooperate to Equip Cars With "Human Voice" Driver Assistance
Microsoft officially announced that with the support of TTS, a deep neural network based on Microsoft Azure, Chinese electric vehicle company XPeng Motors has successfully upgraded its driver assistance function.
1/7/20223 min read
China VC Weekly: Drugs, Semiconductors, and Self-driving Cars
In last week’s VC news, drug research firm XtalPi raised a massive $400 million to bring it to a new lofty valuation, prominent LiDAR company Innovusion closed a $66 million Series B round, and more.
8/23/20216 min read
Neta Auto's Wholesale Business in Brazil Officially Kicks Off
On September 30th, as a batch of brand-new Neta Auto vehicles slowly driving out of the port in the state of Espirito Santo, Brazil, the wholesale business of Neta Auto in Brazil officially kicked off.
U.S. Agency to Review Pony.ai's Reporting of Autonomous Driving Accidents
The NHTSA said on Tuesday that it will review whether autonomous driving startup Pony.ai has complied with the government's reporting requirements for unmanned vehicle traffic accidents.
3/30/20222 min read
Chinese Beverage Brand "Chagee" Received Approval for IPO in the US
Chagee currently operates a total of 5,699 stores in mainland China, with over 70% of them opened in the last two years.
Car-sharing Platform TOGO Raised $22 Million in B Round
Car-sharing Platform TOGO Received USD 22 Million in B Round Financing with SIG as Keading Investor and Zhen Fund as Following Investor Car-sharing company TOG...
10/28/20172 min read
NIO’s Overseas VP Resigns, Momenta R&D Director Ren Shaoqing to Take Over
Jamie Carlson, the North America-based vice president of autonomous driving for NIO and former staff at Apple’s car project Titan, resigned in June and returned to Apple’s Special Projects Group.
8/14/20202 min read
Full Truck Alliance Prepares for Second Listing in Hong Kong
Full Truck Alliance is reportedly planning a second listing in Hong Kong, and will submit a formal application as soon as this month.
2/16/20222 min read
Virtual Content Startup Huiye Technology Secures Pre-A+ Round Financing
AI-generated content (AIGC) services provider Huiye Technology announced on October 10 that it has completed a pre-A+ round of financing led by GL Ventures and followed by Shunwei Capital.
10/10/20223 min read