software Archives

Volkswagen China Responds to Talks with Huawei Over the Use of Its Software

Volkswagen was reported to have held talks with Huawei, hoping to use Huawei software in its car in China. In response to this, a Volkswagen China spokesperson told that there is no official news.

Huawei Completes Localization of EDA Tools above 14nm

On March 24th, it was learned that Huawei's chip design team has worked with domestic enterprises to build EDA tools for processes above 14nm and will complete the necessary verifications in 2023.

Alibaba Reduces Stake in AI Unicorn SenseTime, Shareholding Ratio Falls Below 9%

Chinese internet giant Alibaba has slashed its stake in SenseTime, an artificial intelligence software company, amid a rebound in the latter's Hong Kong shares.

100-Member Team Dissolved as SMIC Software Project Stops, Rumors Say

A new 12-inch wafer CIM localization project in Beijing operated by China's leading chipmaker, Semiconductor Manufacturing International Corporation (SMIC), was recently suspended.

CAE Developer Supreium Obtains Nearly 100M Yuan in A-Round Financing

Supreium, a Beijing-based industrial software developer, announced it has obtained nearly 100 million yuan ($14.96 million) in A and A+ rounds of financing. The leading investors were IDG and Sequoia China.

Industrial Software Firm UniVista Surpasses 1.1B Yuan in Pre-A Financing

Shanghai UniVista Industrial Software Group, an EDA and industrial software solutions provider, announced on Wednesday that it has completed a pre-A round of financing exceeding 1.1 billion yuan ($164.3 million).

Volkswagen Group’ Software Company CARIAD Sets Up Chinese Subsidiary

CARIAD, an automotive software company that is part of Volkswagen Group, announced on Thursday the establishment of a subsidiary in China, also publishing an official strategy for the country.

Smart Software Development Firm AiXcoder Completes Round-A Financing

AI programming robot developer company aiXcoder announced on Tuesday that it had received tens of millions of yuan in round-A financing, following investment by GL Ventures.

HoteamSoft Secures Nearly $63M in Round-C Financing

Shandong Hoteam Software Co., Ltd. (HoteamSoft) on Tuesday announced its completion of round-C financing totaling nearly 400 million yuan ($63 million).

EDA Software and System Developer X-Epic Secures Several Hundred Million Yuan in Pre-B Round Financing

X-Epic, a leading enterprise in EDA (Electronic Design Automation) industrial software technology, announced that it had completed several hundred million yuan in a Pre-B round of financing.

China VC Weekly: Flying Cars and More

This week’s China VC news: the flying car subsidiary of EV-maker Xpeng Motors, HT Aero, bagged a whopping $500 million Series A investment, and more.

Online CAD Platform Current Receives Nearly 100 Million Yuan in Joint Investment From GGV Capital

Xiamen Current Technology Co., Ltd., running an online collaborative CAD platform, announced on Monday that it has completed an A Round of financing garnering nearly 100 million yuan ($15.67 million).

Tesla to “Recall” Model 3 and Model Y in China for Online Software Update

On June 26, Tesla filed a recall plan with the State Administration for Market Regulation Supervision of China as the company Tesla will make an online software update related to assisted driving.

Chinese Software Company Tuya Raised $915 Million from the U.S. Stock Market

Chinese software company Tuya (NYSE: TUYA) was able to raise $915 million in its initial public offering on the New York Stock Exchange, making it the second-largest Chinese corporate IPO in the United States.

Microsoft Responds to Rumors of Cutting Windows Supply to China: “We Have Unwavering Commitment to Providing Services to Chinese Users”

Microsoft said it will continue providing services to Chinese users in response to recent rumors that it will no longer offer Windows services in China.