China Tech Digest: Xiaoice Unveils Digital Twin Virtual Human Technology; National Internet Exchange Point Launched In Shanghai

Xiaoice unveils digital twin virtual human technology

Chinese cross-platform AI robot developer Microsoft’s Xiaoice has unveiled its new digital twin virtual human technology, and in conjunction with National Business Daily, officially launched "NBD AI TV" and virtual anchors. For the first time, Xiaoice’s framework has realized the unmanned operation in the entire process of video acquisition, editing and broadcasting.

National Internet Exchange Point launched in Shanghai

The National (Shanghai) Internet Exchange Point has been launched in the Lingang Special Area, marking the landing of another heavyweight Internet infrastructure in Shanghai, which will further consolidate the network foundation for Internet innovation and development in Shanghai, the Yangtze River Delta and even the whole country.

Hurun Global Unicorn List 2021: ByteDance leaps to top with a valuation of US$353 billion

Hurun Research Institute today, in association with Commerce Administration of Guangzhou Municipality and Huangpu District People’s Government, released the Hurun Global Unicorn List 2021, which involves 1,058 unicorn companies this year, an increase of 80% over last year (472 companies). Among them, ByteDance, the parent company of TikTok, leaps to top with a valuation of RMB2.3 trillion(US$353 billion), surpassing Ant Group to become the global largest unicorn. The valuation of Elon Musk’s SpaceX has increased to US$100 billion, ranking third in the world and becoming the largest unicorn in the United States.

Chip design unicorn Vastai Technologies raised RMB1.6 billion in series B round

Chinese chip design unicorn Vastai Technologies has raised RMB1.6 billion in series B round financing, which was co-led by Alibaba Group, Matrix Partners China, 5Y Capital and PICC Capital. Redpoint Ventures China, CoStone Capital, Glory Ventures and Mirae Asset also participated. After this financing, the company will continue to improve the product matrix, increase R&D investment in GPU, and begin to deploy other smart product lines.

MIIT: China should expand consumption of NEVs, smart home appliances and green building materials in 2022

The Ministry of Industry and Information Technology emphasized that in 2022, the Chinese government should strive to boost the industrial and manufacturing economy to provide strong support for stabilizing the economic market. Implement the strategy of “increasing variety, improving quality and building brand” to expand consumption of new energy vehicles, smart home appliances and green building materials.

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