Sogou Inc., China’s second largest search engine after Baidu Inc., is becoming a smart hardware company powered by its artificial intelligence capabilities. That may be something Sogou founder Wang Xiaochuan would never have foreseen eight years ago when he founded the Internet company in Beijing.
The new ‘Security in our Connected World’ event will focus on the
implementation and value of GlobalPlatform technology in real world use
BEIJING–(BUSINESS WIRE)–#Blockchain–Following the success of its 2017 event, …
In lieu of Xiaomi’s Milutong platform, the electronics bigwig announced the release of 2B (for the enterprise) Milutong platform and the 2C (for the individual) Xiaomi WiFi chain allowing users to earn blockchain reward "Mili”.
Technology-focused hedge fund Coatue Management has led a US$350 million series D round in Zuoyebang, an online platform that helps K-12 students with homework.
Leading online entertainment service in China, iQiyi announced that it has acquired Chinese game maker Skymoons Inc. and Chengdu Skymoons Digital Entertainment for about RMB2 billion (US$298.59 million).
A week after Baidu Inc. unveiled plans to cooperate with Chinese auto and logistics financier Lionbridge Group, the latter announced it has received a RMB1 billion (US$150 million) funding from Baidu and Riverhead Capital Investment, the investment arm of Sunshine Insurance Group.
To expand its artificial intelligence-based industrial capabilities, Taiwanese electronics manufacturer Hon Hai Precision Industry Co. Ltd., also known as Foxconn Technology Group, has set up a new AI company in Silicon Valley, according to a media report.
Eight Roads Ventures has partnered with ClearVue Partners, a private equity firm focused on the consumer sector of China, to lead a US$102 million series A1 round in autonomous driving firm Pony.ai, according to the latter’s announcement.
Baidu-backed Qeeka Home (Cayman) the company that operates interior design and construction site Qijia, is set to go public on July 12th in Hong Kong.
Joining the IPO rush by Chinese internet and technology startups, Toutiao – China’s biggest personalized news app’s parent Beijing Bytedance Telecommunications Co – is reportedly considering a Hong Kong IPO that may value it at over US$45 billion, according to a media report.
Lu Cheng, head of Baidu’s Raven Studio has left Baidu a little more than a year after Baidu acquired Beijing-based smart hardware maker Raven Tech.
Chinese social media giant Tencent has proposed a spin off to its online music entertainment business Tencent Music Entertainment Group through an initial public offering in the United States.
China’s largest search engine Baidu, plans to make a strategic investment in Chinese auto and logistics financier Lionbridge Group, to expand its autonomous driving push.
Baidu Totem, a blockchain-based photo service launched by Chinese search engine Baidu Inc., will unveil Totem awards and its blockchain layout in two weeks, according to an announcement posted on Totem’s website.
Chinese rocket start-up iSpace has completed a series A round led by Matrix Partners China, bringing its total financing to RMB600 million (US$90.4 million) in this year, according to Matrix Partners’ announcement on its official WeChat account.
Shanghai-based online education firm Hujiang Education & Technology Corp Ltd. has filed for an initial public offering in Hong Kong, the latest IPO filing as Chinese technology companies race to complete a stock float while the market remains receptive.
Walnut Street Group Holding Ltd., which operates Chinese e-commerce platform Pinduoduo, seeks for a US$1 billion initial public offering in the U.S., according to its IPO prospectus. The document confirms Pinduoduo’s IPO rumour reported by China Money Network earlier this week. Founded in 2015 by former Google software engineer Colin Huang, Pinduoduo allows users to participate in group buying deals, mostly through Tencent’s WeChat. It targets low-income consumers from lower-tiered cities in China. In 2017, its gross merchandise value (GMV) …
iClick’s solutions to bring more international brands to China
HONG KONG–(BUSINESS WIRE)–iClick Interactive Asia Group Limited (“iClick Interactive” or the
“Company”) (NASDAQ:ICLK), a leading independent online marketing
Chinese artificial intelligence start-up Rokid released three new products at a product launch event yesterday in Hangzhou, the first large-scale public event since its founding four years ago.
When will a Chinese tech titan make the leap to spaceships? I have often wondered why American tech luminaries like Elon Musk and Jeff Bezos have their eyes on the stars, while their Chinese counterparts like to keep their feet on the ground.
Legend Capital, a Beijing-based asset management firm, Zhongtai Chuanghui and Suzhou-based Guochuang Kaiyuan fund, have led a RMB1 billion (US$154 million) founding round in Taihe Music Group (TMG).
In this episode of China Money Podcast, listen to all the news headlines in the week of June 11-15, 2018 with host Nina Xiang. Topics covered include Chinese AI company Yitu Tech’s US$200 million venture round, Baidu Inc’s plans to issue China Depositary Receipts, and China Money Network’s efforts to compile a list of 50 leading Chinese AI companies to shed light on the industry. Be sure to subscribe to China Money Podcast for free in the iTunes store, or …
China’s largest search engine Baidu Inc. has launched its first native blockchain-based knowledge quiz application called Duyuzhou, which means Du Universe, yesterday. Duyuzhou will create a digital universe consisted of elements, gravitation, and planets, where users can obtain these elements by participating in the knowledge quiz. Users will be incentivized to create and expand their own planets, said Baidu. In the process of creating quality content and expanding its user base, Baidu plans to add many new features to the …
China’s tech giants are waging a price war over smart speakers. But that’s ok with Chang Le, co-founder of Beijing-based start-up SoundAI, who sees it as a sign of market strength. Baidu just released its lower-end smart speaker Xiaodu at a special discount price of RMB89 (US$13.9), the same as Alibaba’s smart speaker Tianmao Jingling (Tmall Genie), and little more than JD.com’s Dingdong, which is selling at a discounted RMB79 (US$12). Chang says the price war is completely understandable because every …
Chinese used car e-commerce platform Uxin has set terms for its US$437 million initial public offering on NASDAQ, according to its security filing.
Three months after China’s largest search engine Baidu Inc. launched its smart speaker with screens called Xiaodu Zaijia, the company has introduced another, smaller version at a deeply discounted price.
China’s largest online search engine Baidu Inc. is preparing for its Chinese Depository Receipts (CDR) issuance application, likely to become the first Chinese company that has listed overseas to return to the domestic A-share market, according to Chinese local media citing insiders.
China’s securities regulator China Securities Regulatory Commission (CSRC) has issued trial rules for issuance and trading of Chinese Depositary Receipts (CDRs), similar to ADRs in the U.S.
Finally, one Chinese electric vehicle company has reached the critical moment of delivering its vehicles to face the real-life tests and inspections by consumers. NIO, a Shanghai-based EV unicorn with a reported valuation of between US$3 billion to US$5 billion, delivered its first batch of NIO ES8, a seven-seater electric SUV, today in Shanghai, NIO announced today.
Chinese used car e-commerce platform Uxin has files for a US$500 million initial public offering on NASDAQ, according to its security filing.
China’s largest search engine Baidu Inc. has utilized blockchain technology to improve the accuracy and traceability of Baidu Baike, the company’s collaborative encyclopedia in Chinese language.