Yuanfudao, an online tutoring platform based in Beijing, has raised $300 million from Chinese Internet conglomerate Tencent in a deal that values the education company at $3 billion.
On Dec. 19, 4Paradigm, a Chinese AI technology and service provider, announced it has completed its Series C funding round, raising over one billion yuan ($145 million). The rising star in AI is now valued at around 1.2 billion dollars.
OPPO held a “Super VOOC Flash Charge Day” on Nov. 6 in Shanghai, in celebration of shipping over 100 million smartphone devices equipped with its VOOC Flash Charge technology.
Chinese e-commerce giant JD.com, Inc., Institute of Software at Chinese Academy of Sciences, and New Jersey Institute of Technology (NJIT) in the U.S. co-launched a joint lab on blockchain research on Oct. 21 in Beijing.
SF Express Co., Ltd, China’s biggest delivery service company, completed a public test flight on Oct. 16 with its new unmanned delivery drone, named Feihong-98, in cooperation with China Aerospace Times Electronics Co., Ltd, an aerospace electronics products manufacturer.
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 that he plans to establish a “Jack Ma Entrepreneur Institute” to train thousands of tech entrepreneurs.
To brace for the dawn of 5G and AI, Tencent Holdings is undergoing a strategic upgrade, which involves the establishment of two new business divisions—Cloud and Smart Industries Group (CSIG) and Platform and Content Group (PCG).
WIRED magazine recently celebrated its 25th anniversary by picking out important icons that have changed the world throughout the past 25 years, such as Bill Gates, Peter Thiel, and Mark Zuckerburg. Recently, Chinese AI-expert Kaifu Lee, CEO of Sinovation Ventures, was chosen as one of the representing icons.
On the evening of Sept. 26, Bitmain has officially submitted its listing documents to the Hong Kong Stock Exchange, with China International Capital Corporation as the exclusive underwriter.
NIU Technologies Group, a Chinese electric scooter startup, has submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) for an IPO on NASDAQ, intending to raise up to $150 million. The number of shares and their price range remain unknown.
China’s video sharing and streaming platform Bilibili announced a collaboration with the Discovery Channel on Sept. 17, saying the two will co-produce contents and bring 145 documentaries and more than 200 hours of exclusive Discovery material to Chinese audiences.
The 2018 World Artificial Intelligence Conference (WAIC) opened its doors in Shanghai on September 17. The three-day conference welcomed speakers such as Alibaba’s Jack Ma, Tencent’s Pony Ma, and Xiaomi’s Lei Jun on its opening day.
Alibaba Group, the largest e-commerce platform in China, has announced on Sept. 10 that chief executive officer Daniel Zhang will succeed Jack Ma as chairman of the board, effective one year from now.
China Academy of Information and Communication Technology (CAICT) published the White Paper on Blockchain (2018) with the Trusted Blockchain Promotion Program (TBPP) On September 5.
On Sept. 5, at 1 p.m. local time, China’s commercial rocket startup iSpace launched a sub-orbital rocket into space from the Jiuquan Satellite Launch Center in Xi’an, Shaanxi Province. The successful launch signals the dawn of an era where additional private space companies are authorized to conduct launches.