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China Money AI

Introducing Finley, the fintech newsbot from China Money Network! Using state-of-the-art machine learning technologies, Finley scours the globe for immediately usable data about the latest private equity deals, venture capital funding rounds, and business expansions happening in China. Finley asks: Who's buying whom? What company just raised new capital? What is the relationship among the parties? Then Finley uses his very real artificial intelligence to decipher that unstructured data to write news articles for you to read. So from unstructured data to a news story you can understand, China Money Network's Finley is your fintech newsbot business partner!

China Tech Digest: Gaussian Robot Completes $100M Series B Round; WeRide Gets Driverless Car Test Permit In California

Gaussian Robot completes US$100 million series B round financing, with Meituan, Tencent and Longfor participated Gaussian Robot announced the completion…

China Tech Digest: Pony.ai Gets Road Test License; Xiaomi Set Up AI Innovation Fund

Pony.ai has gotten the road test licenses for Beijing Intelligent Connected Vehicle Policy Pilot Zone Chinese autonomous driving firm Pony.ai…

DMV Authorizes WeRide To Test Driverless Vehicles In San Jose

The California Department of Motor Vehicles today issued a permit to WeRide Corp., authorizing the company to test driverless vehicles…

China Tech Digest: DJI Launches Intelligent Driving Business; Alibaba Talks About Scrutiny

DJI launches its intelligent driving business brand "DJI Auto" Chinese consumer drone maker DJI today officially launched its intelligent driving…

China Tech Digest: GAC, Huawei To Develop Self-driving Vehicles; Brain-Computer Interface Project Launched in Shanghai

GAC Group cooperates with Huawei to jointly develop L4 self-driving vehicles Guangzhou Automobile Group announced that it will cooperate with…

China Tech Digest: Didi Releases Self-driving Test Video; Alibaba Health Invests In Yingsheng Biology

Didi's autonomous driving unit releases 5 hours of continuous road test video Today, Didi Chuxing, China's largest ride hailing firm,…

China Tech Digest: TuSimple Expected To Raise $800M To $1B In U.S. IPO; Tencent Launches E-signature Platform

TuSimple expected to raise US$800 million to US$1 billion in U.S. IPO The listing time of Chinese autonomous truck solutions…

Chinese IDM Startup InnoStar Semiconductor Secures $100M

Chinese semiconductor company InnoStar Semiconductor (Shanghai) Co., Ltd. announced that it has completed nearly 100 million U.S. dollars of Pre-A…

Didi Reportedly To Manufacture Its Own Vehicles, Following Xiaomi And Baidu

Didi is launching a driverless vehicle project, with vehicle R&D and manufacturing team to make its own vehicles, according to…

China Tech Digest: Didi Launched Driverless Vehicle Project; Dingdong Maicai Raised US$700M Series D Round

Didi launched driverless vehicle project, and Yang Jun, vice president of Didi took in charge Didi Chuxing, China's largest ride…

China Tech Digest: China’s First Mandatory Local Standard For 5G Facilities; Candela Completes $57M Series B Round

Zhejiang Province issues China's first mandatory local standards for 5G facilities Zhejiang Provincial Government recently issued the "Technical Standards for…

China Tech Digest: Xiaomi Becomes Chinese Largest Smartphone Maker; Energy Monster listed on Nasdaq

Xiaomi becomes Chinese largest smartphone maker, with a global market share of 13% The latest data from Counterpoint shows that…

Huawei Business Deteriorates, But Says Will Not Change Strategy And Will Continue R&D Investment

Under the dual influence of the pandemic and the squeeze of the United States government, Huawei's latest financial report on…

China Tech Digest: ByteDance’s Valuation Closes To $400bn; Volkswagen May Buy Carbon Credits

ByteDance’s valuation is reported to be close to US$400 billion Several people familiar with the matter said today that for…

China Tech Digest: JD Divests AI Business To JD Digits; BYD Wins Electric Bus Order In UK

JD divested JD Cloud and AI business to JD Digits JD.com revealed that it has signed a final agreement to…

SMIC Profit Up 43.3% In 2020 But Growth Uncertainty Lingers

SMIC officially released its 2020 financial report, indicating that as of December 31, 2020, the company’s annual revenue was US$3.907…

FountainVest, ClearVue Lead $220 Million Round In Heavy Truck Autonomous Driving Firm Plus.ai

Chinese heavy truck autonomous driving company Plus.ai announced the completion of a new round of financing of US$220 million, led…

China Tech Digest: Xiaomi Starts Making Cars; Shansong Express Completes US$125 million Series D+ Round

Xiaomi established smart electric vehicle business, Lei Jun serves as CEO Xiaomi Inc. today announced that the company's board of…

China Tech Digest: Didi Chuxing Seeking Financing For Its Self-Driving Business; Cainiao Partners With Hong Kong Air Cargo Carrier

Didi Chuxing is seeking financing for its self-driving unit, which is valued at approximately US$6 billion Didi Chuxing is raising…

China Tech Digest: Zhihu Listed On New York Exchange; Xiaomi Denies Making Cars

Priced at US$9.5, Zhihu will be listed on the New York Stock Exchange Zhihu will be listed on the New…

China Tech Digest: Baidu Kunlun Chip Unit Raises Financing; Chinese E-Commerce Firms Block H&M

Ma Huateng responded to anti-monopoly for the first time: actively cooperate with supervision At the 2020 performance conference of Tencent…

Chinese AI Firm Horizon Robotics Expands Auto Chips Usage Among Car Makers

In 2020, Chinese AI chip company Horizon Robotics' automotive smart chip shipments reached 160,000 pieces, and is expected to reach…

China Tech Digest: Elon Musk Says China Will Be Biggest Market; Zuoyebang Seeks US IPO

Security cameras are in short supply, and the price of security products rises due to chip shortage The delivery cycle…

China Tech Digest: Porsche Sells 1/3 Cars In China; FANUC To Build New Industrial Robot Factory In Shanghai

ZTE says it has increased its stock of chips in advance ZTE said that the current global semiconductor industry's capacity…

China Tech Digest: China Cracks Down On Deep Fake Tech; Shenzhen To Legislate Face-Reading Cameras

The State Internet Information Office and the Ministry of Public Security crack down on voice social software and deep fake…

China Tech Digest: SMIC Plans 28nm Chip Plant In Shenzhen; TikTok Said To Launch Group Chat

SMIC: The company and the Shenzhen government intend to invest in project development and operations via SMIC Shenzhen SMIC said…

ByteDance Enters Chips Sector, Initially Targeting Cloud AI Chips And ARM Server Chips

ByteDance is developing its own cloud AI chip and ARM server chip team, according to media reports citing insiders. ByteDance…

China Tech Digest: Alibaba Reportedly Asked To Shed Media Assets; Huawei Begins Charging 5G Patent Fees

Beijing reportedly asked Alibaba to shed its media assets Beijing reported asked Alibaba to shed its media assets. Alibaba's media…

China Tech Digest: Fake Internet Traffic Leads To 30 Billion In Losses; Tencent Sets Up Smart Car JV

Tencent shares drop as concerns for its financial business grows Tencent shares fell on concern regulators are now turning their…

China State TV Exposes Wide Illegal Use Of Facial Recognition Cameras In Commercial Properties

The illegal but widely installed face-capturing cameras in commercial properties including shopping malls, auto dealer shops, and property sales offices…

China VC: US Policy Uncertainty Provides Window For China To Advance In Semiconductors

Chinese semiconductor companies is at a golden age in developing their capabilities, as policy uncertainty from the US provides stimulus…

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