China Money Network today announced a groundbreaking research on China’s artificial intelligence industry: China AI Top 50 ranking.
111 Inc.’s Xu Weihao: Online Healthcare Platform With Govt To Tackle China’s Medical Problems
Chinese health-focused 111 Inc. said the company is on the same page with Chinese government to tackle the country’s long-existing medical problems and help consolidate the pharmacy industry.
China Money Network Announces Artificial Intelligence Ranking: China AI Top 50
Exclusive list offers rare insights into Chinese star AI companies
TIANJIN, China, Sept. 19, 2018 /PRNewswire/ — China Money Network, the leading source of intelligence and data on China’s venture capital and technol…
China AI Top 50
China Money Network, the leading source of intelligence and data on China’s venture capital and technology sector, announces groundbreaking research on China’s artificial intelligence industry in its unveiling of the new ranking: China AI Top 50.
YITU Technology wins Super AI Leader Award at World Artificial Intelligence Conference
SHANGHAI, Sept. 17, 2018 /PRNewswire/ — YITU Technology has won the Super AI Leader award (SAIL Award) among over 500 nominated companies and organizations around the globe at World Artificial Intelligence Conference …
Tencent, Carlyle Group, Sequoia Capital Leads $450M Series E Round In Tuhu
Shanghai-based Tuhu, an automobile after-sales products and services provider, announced that it has raised US$450 million in series E financing round from Tencent, Carlyle Group and Sequoia Capital.
Chinese EV Maker NIO Raises $1B In US IPO
Chinese electric vehicle start-up NIO Inc. officially entered the U.S. stock market with a US$1 billion initial public offering (IPO), becoming the first Chinese electric vehicle firm to go public in America.
Yi+ Breaks the World Record in Pascal VOC with Yi+’s Object Detection Accuracy Ranking at the Top
BEIJING, Sept. 12, 2018 /PRNewswire/ — In July 2018, Pascal VOC comp4 object detection challenge, an internationally established computer vision competition, took place. The AI team of the Chinese company Yi+ took the…
Fosun, Morningside Venture Capital Leads $50M Series C Round In China’s Distributed Database Firm PingCAP
Beijing-based PingCAP, a distributed database company that created cloud-native NewSQL database TiDB, today announced that it has raised US$50 million in series C financing round from Fosun and Morningside Venture Capital.
China Arrests 33,000 For Cyber Crimes in Six Months, Baidu, Sino Weibo Penalized Too
The Chinese Ministry of Public Security has detected over 22,000 cyber criminal cases and arrested over 33,000 suspects in first six months of its drive against online crime.
Global Intelligent Economy Summit kicks off in Zhejiang Ningbo
NINGBO, China, Sept. 10, 2018 /PRNewswire/ — The Eighth China Smart City Technology and Application Products Expo (Smart City Expo) and Global Intelligent Economy Summit kicked off in Ningbo city o…
China VC/Tech Weekly Roundup: Goldman Joins $450M Deal In MissFresh, Baidu Video Scores $100M
In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector for the week of September 3 to 7, 2018, with host Nina Xiang. Topics covered include Goldman Sachs joining a US$450 million deal investing in Chinese fresh produce e-commerce firm MissFresh, Baidu Video scoring a US$100 million series B round from parent company Baidu Inc. Be sure to subscribe to China Money Podcast for free in the iTunes store, or …
iQiyi Sports Raises US$124M From Sequoia-Backed Fund And Yao Ming’s Investment House
IQiyi Sports, the sports arm of Chinese streaming platform iQiyi Inc., has secured a RMB850 million (US$124 million) series A financing round.
China’s Search Engine Giant Baidu-Backed Video Platform Raises US$100M In Series B Round
Chinese content video platform Baidu Video has secured US$100 million in series B financing round led by its parent company and the country’s search engine giant Baidu Inc.
Mando Acquires California Autonomous Vehicle Testing Permit
The company accelerates the development of its own autonomous driving platform "Hockey"
Mando continues technological exchanges with global Silicon Valley companies and the search for promising start-up…
Baidu Sets Up Blockchain Subsidiary As Chinese Tech Giants Accelerate Blockchain Application
Chinese search engine Baidu Inc. has set up a blockchain subsidiary in Beijing on Wednesday, China’s National Enterprises Credit Information Publicity System shows.
NetDragon Announces 2018 Interim Financial Results
Net Profit Surged more than Sixfold
HONG KONG, Aug. 29, 2018 /PRNewswire/ — NetDragon Websoft Holdings Limited (‘NetDragon’ or the ‘Company’; Hong Kong Stock Code: 777), a global leader in building internet communiti…
US Investors Reportedly Value Tencent Music At Around $30B
Tencent’s online music spin-off Tencent Music Entertainment is reportedly going public in the US in October, with a valuation between US$29 billion to US$31 billion, according to Chinese media citing insiders.
Chinese Tech Giants Join Government To Fight Illegal Cryptocurrency Trading Activities
China’s tech trio Baidu, Alibaba and Tencent, collectively known as "BAT," have all joined Chinese government’s effort to tighten scrutiny of cryptocurrency trading and initial coin offering (ICO).
Alibaba, SoftBank Inject Over $3B In Local Services Units Ele.me And Koubei
China’s largest retailer Alibaba Group Holding Ltd said it has joined SoftBank to commit over US$3 billion in its newly established company that holds food delivery service unit Ele.me and Koubei, a local services platform focusing on in-store consumption, according to its quarterly earning released yesterday.
China Growth Capital’s Wayne Shiong: Chinese AI Companies May See Valuations Drop By As Much As 50%
Chinese artificial intelligence companies are over-valued. As market liquidity conditions continue to tighten, these AI companies are likely to see their valuations drop by 30% to 50%, according to Wayne Shiong, a partner at Chinese venture investment firm China Growth Capital.
SBCVC, Baidu Ventures Invest Seed Round In Blockchain Project Atlas Protocol
SB China Venture Capital (SBCVC) has led a seed round of investment of multi-million dollars in San Francisco-based blockchain project Atlas Protocol.
Natural & Organic Products Asia 2018 to Debut Organic European Skincare, Live Demo of 100s Products, and Business Seminars
Industry’s Most Established Educational Platform and Product Showcase for Natural & Organic Professionals to Convene 29-31 August in Hong Kong
HONG KONG, Aug. 22, 2018 /PRNewswire/ — With t…
Chinasoft Accelerates Its Strategic Transformation, Achieving a Net Profit Growth of 46.2%
BEIJING and HONG KONG, Aug. 22, 2018 /PRNewswire/ — Chinasoft International (SEHK: 00354) announced today its 2108 interim results.
For the first half of the 2018, the Group’s business achieved high growth. Its reve…
Legend Star Co-leads $17M Series A Round In Chinese AR Start-up Seengene
Beijing-based augmented reality start-up Seengene Inc announced today that it has completed a RMB120 million (US$17 million) series A round from Legend Star, the early-stage investment arm of China’s Legend Holdings, Beijing Jinke Hightech & Innovation Ventures and Guyin Fund.
China VC/Tech Weekly Roundup: Co-Working Firm Mydream+ Scores $120M, EV Pioneer NIO Seeks US IPO
In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector for the week of August 13 to August 17, 2018, with host Nina Xiang. Topics covered include Chinese co-working space operator Mydream+ scoring US$120 million in VC funding, EV pioneer NIO drives to New York seeking for a US IPO, and Lu Qi, Baidu’s former chief operating officer who stepped down in July, joining Y Combinator to lead its China …
Y Combinator Appoints Baidu’s Former COO Lu Qi To Head Its New China Business
American seed accelerator Y Combinator recently announced its China plans and appointed Baidu’s former COO Lu Qi as its CEO, according to a Chinese media report.
Tencent-Backed Chinese EV Firm NIO Files For $1.8B US IPO
Chinese electric vehicle company NIO, backed by Tencent Holdings Ltd., has filed for U.S. initial public offering to raise US$1.8 billion under the symbol NIO, according to its prospectus.
Andrew Ng’s Landing.ai Partners With Zoomlion To Empower China’s Agricultural Manufacturing
After applying artificial intelligence in electronics manufacturing, Andrew Ng, former chief scientist at Baidu and co-founder of the Google Brain, now wants to empower China’s agriculture sector with AI.
Tencent To Reportedly Develop AI Devices In A Joint Venture With Samsung
China’s social media giant Tencent Holdings Ltd. has joined forces with Korean smartphone maker Samsung Electronics to push artificial intelligence-powered devices, according to Korean media insiders.
Sequoia Capital Leads $18M Series A+ Round In Marketing Firm Tikin Media
Sequoia Capital China has led a RMB120 million (US$17.7 million) series A+ round in Beijing-based marketing firm Tikin Media.