Huawei takes another heavy hit as ARM Holdings, a British semiconductor and software design company, cuts ties with it to comply with U.S. sanctions.
On Wednesday, the U.S. Department of Commerce restricted Huawei’s access to American technology, banning the company from buying U.S. technology without special approval.
Alipay, a payment and lifestyle platform by Ant Financial, has connected more than 300,000 Japanese merchants as of early 2019, a 500 percent increase compared with last year.
China’s telecommunication giant Huawei is expanding its global footprint by establishing three academies in Jordan to provide advanced information and communication technology (ICT) training to Jordanian youth.
According to Japanese financial news Nikkei, Chinese companies have surpassed U.S. companies on a Nikkei ranking of the top 50 patent filers for artificial intelligence (AI) over the past three years
TuSimple, a self-driving truck startup running daily routes for customers in Arizona, has raised $95 million in a Series D funding round led by Sina Corp. The company achieved unicorn status with a valuation now reaching $1 billion.
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.