ARM Suspends Business With Huawei, Threatening Chip Designs in the Future
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.
Huawei might find its way around US sanctions thanks to Hisilicon
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 Expanded Cover Range in Japan
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.
Huawei Signs Deal with Jordan to Establish Three ICT Training Academies
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.
Number of Chinese AI Patents Surpasses US Ones By 2.5x
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 Reaches Unicorn Status in New Funding Round
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 Completes Another Round of Funding, Bringing Valuation to Over $3 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.
China’s AI Startup 4Paradigm Raises Over 1 Billion Yuan in Series C Funding
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 Shipped Over 100 Million Smartphones With Super VOOC Flash Charge
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.
JD.com Co-Launch Joint Blockchain Lab with ISCAS and NJIT
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 Tests New Unmanned Delivery Drone
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.
Jack Ma Sets Up Entrepreneur Training Institute in Indonesia
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.
Tencent Undergoes Strategic Restructuring Awaiting the Arrival of 5G
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).
AI Expert Kaifu Lee Celebrated for His Contributions to Tech Development
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.
Cryptocurrency Mining Giant Bitmain Filed for IPO at HKEX
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.