Enterprise services were the center of attention last week.
TagCloud Computing
AI and Cloud were the VC focus in China this past week.
Last week, while not too eventful in terms of the number of VC deals in China, saw at least three interesting investments.
China's cloud artificial intelligence-training platform Enflame Technology, backed by Tencent, raised RMB 700 million ($98.6 million) in Series B funding.
With the trade war raging on and the Chinese tech ecosystem reaching maturity, the journey to the west that every half-successful local CEO saw as a prerequisite for global success now feels redundant.
Alibaba Cloud, or Aliyun, the cloud computing subsidiary of China's tech giant Alibaba Group, opened its first data centers in the United Kingdom on Oct. 22, catering to the growing demand for its services in Europe.
Foxconn Industrial Internet Co Ltd (FII), a subsidiary of Foxconn Technology Co. applied to list in the Shanghai Stock Exchange on Monday morning.
Alibaba's financial report for the past quarter (January 1 to March 31, 2018), and for the fiscal year of 2018 has just been published by Alibaba Group Holding Limited (NYSE: BABA) today.
At the 2018 Computing Conference in Shenzhen on March 28, Simon Hu, Alibaba Group senior vice president and Alibaba Cloud president, announced that Alibaba will commit efforts in the Internet of Things (IoT), which will become Alibaba Group’s new focus after e-commerce, finance, logistics, and cloud computing.
Tencent, China's largest technology company, has recently invested heavily in offline retail.
On the afternoon of March 25, Li Ying, executive director of the Digital China Federation, released the 2017 China IT Industry Development Report (hereinafter referred to as the report) at the 2018 China IT Leaders Summit in Shenzhen.
Compliance issues have been an important factor limiting the development of foreign cloud service providers in China.SINNET (SZ. 300383) announced intent to purchase assets related to Amazon's cloud services from Amazon Technology Services (Beijing) for no more than 2 billion yuan on November 13.
Gap of Market Value between Alibaba and Amazon is Just 1.3% Narrowing Nearly 100 Billion Dollars in Past Two Months. By September 22nd, Amazon’s market value was $456.5 billion and Alibaba's was $450.7 billion. Their gap was just 1.3%. Almost two months ago, the gap in market value between these two companies reached $100 billion.…
Apple will build the second data center in China, located in Ulanchap, Inner Mongolia. The new data center has been named as iCloud Northern Data Center. As the host, Bu Xiaolin, Deputy Director and Chairman of Inner Mongolia Autonomous Region met with Isabel Ge Mahe (Ge Yue), Apple's Vice President and Managing Director of Greater…
Yaoyun Shi, a world-renowned quantum computing scientist, tenured professor of the University of Michigan and winner of Career Award, National Science Foundation, USA, has officially worked for Alibaba and now serves as the chief quantum technology scientist for Alibaba Cloud Computing Co. Ltd. Shi is another top scientist that works for Alibaba since the company…