Chinese investment firm Shenzhen Capital Group Co., Ltd. has partnered with Wu Capital, a Chinese family office, to lead a US$128 million series A round in Roadstar.ai, an artificial intelligence start-up focused on research and development of level 4 autonomous driving technologies.
Tom Zhang, former engineering partner at Google Ventures, has joined Sinovation Ventures, a Chinese VC firm co-founded by former head of Google China Kai-Fu Lee, as chief data scientist.
Andrew Ng, former chief scientist at Baidu and one of the founders of the Google Brain team, has announced that Drive.ai, an autonomous driving start-up on whose board he sits, will offer a self-driving car hailing services for public use in Frisco, Texas starting in July.
Chinese online travel service provider Ctrip.com International (NASDAQ: CTRP) says it wants to bring supersonic air travel to China.
Sinovation Ventures, a Chinese venture capital firm founded by former Google China head Kai-Fu Lee, today announced the close of its new US$500 million Fund IV to invest in early and growth stage Chinese and U.S. technology companies.
Chinese truck-hailing firm Manbang Group has completed a US$1.9 billion round led by Softbank Vision Fund and China Reform Fund, a private equity firm backed by China Reform Holdings Corporation Ltd and other central state-owned enterprises.
Tencent Holdings has launched its own online document product focused on multi-person collaboration similar to Google Docs, the latest move by the Chinese Internet giant in the office application segment.
Sinovation Ventures, a Chinese VC firm co-founded by Kai-Fu Lee, former head of Google China, has received an investment tranche of US$50 million from Spanish bank Banco Bilbao Vizcaya Argentaria, S.A., or BBVA, for its new US$500 million fund targetting artificial intelligence start-ups.
When talking about his business, Misa Zhu, founder of Chinese artificial intelligence start-up Rokid, frequently uses two words not often associated with tech: gorgeous and patient.
At first glance, the investment strategy of veteran private equity manager Cynthia Zhang appears risky. As founder of recently launched private equity firm FutureX Capital, Zhang plans to make mid-to-late stage investments in promising Chinese tech stars, whose valuations are perhaps the highest in the world.
Rocketbots, a Hong Kong-based Artificial Intelligence Chatbot company has recently closed their Seed Round for an undisclosed amount to help kick off it’s newest products to a rapidly-growing market. This round was led by Global Technology Alliance, an angel investment group operated by two renowned serial entrepreneurs from Germany including the former CTO of Scout24 & the founder of Smartcast, and joined by the CEO of Sun Hing Printing. The global chatbot market was valued at USD 190.8 million in …
Alibaba’s e-commerce platform Taobao has removed all whitepaper writing services for initial coin offering (ICO) projects, following Google and Facebook’s recent ban on advertising for bitcoin and other cryptocurrencies.
Alibaba Group Holding Ltd. today said it will inject a further US$2 billion into Southeast Asian online shopping giant Lazada to accelerate the region’s e-commerce development.
Chinese car maker Zhejiang Geely Holding Group Co. has built up a 9.7% stake in Daimler AG, the parent company of Mercedes-Benz, in a move that seeks to establish a technology alliance between the Chinese and German automakers.
Chinese autonomous vehicle startups JingChi Inc. and Pony.ai, both founded by former executives of tech giant Baidu Inc., have launched public tests drive programs for the first time in the southern city of Guangzhou, despite the threat of litigation by their former employer.
On January 30, at China Renaissance Group’s 2018 New Year Media Communication Conference, Bao Fan, founder and CEO of China Renaissance Group, shared his views on the 2017 capital markets, blockchain and market competition. Below is an edited summary of his speech that originally appeared on Touzirenshuo’s Wechat channel. China Money Network is authorized to republish the post. It felt like 2017 went especially fast, in the blink of an eye. Indeed, 2017 was a triumphant year for our industry. …
Andrew Ng, former chief scientist at Baidu and one of the founders of the Google Brain team, announced that his artificial intelligence-focused incubator AI Fund has raised US$175 million from investors including Sequoia Capital, the SoftBank Group, New Enterprise Associates, Greylock Partners and others.
Chris Lai, ex-venture partner at Sinovation Ventures, has moved to Shunwei Capital, a venture capital firm founded by Xiaomi’s founder Lei Jun.
Autonomous driving firm Pony.ai has raised a US$112 million series A round co-led by Morningside Venture Capital and Legend Capital, according to a company announcement.
Chinese online game streaming platform Chushou TV announced that it has raised a series D round from Google Inc. and existing investors Qiming Venture Partners, Shunwei Capital and Alpha X Capital.
Chinese tech giant Baidu Inc. is suing Wang Jing, formerly head of Baidu’s autonomous driving unit and now founder of self-driving tech start-up JingChi Inc., for allegedly stealing trade secrets.
Andrew Ng, former chief scientist at Baidu and one of the founders of the Google Brain team, announced one more initiative to launch artificial intelligence company Landing.ai to focus on the application of AI in the manufacturing industry.
Google is deepening its push into artificial intelligence (AI) by opening a research center in China, its chief scientist in AI and machine learning Fei-Fei Li said during the Google Developer Days event in Shanghai today.
Chinese automotive manufacturer Zhejiang Geely Holding Group, the parent company of Volvo Cars, has agreed to acquire the operations and assets of Terrafugia Inc., a U.S.-based firm developing flying cars.
Chinese machine vision start-up Malong Technologies has raised a RMB220 million (US$33 million) series B round from venture capital firm SBCVC.
Chinese online travel agent Ctrip.com International, Ltd. has acquired Trip.com, a Silicon Valley-based travel planning and local discovery app and website.
China Money Network’s China Government Fund Ranking includes the largest Chinese government guidance funds, which are in fact fund-of-funds, along with what we call government policy funds, a type of government-backed fund that conducts direct investments to support a particular policy initiative. They are ranked according to the size of their target fundraising total, rather than actual capital already committed. As most of the funds are still in the process of being established in phases, it is unclear what their ultimate size will be. At the same time, publicly available information on government funds is incomplete and often vague. The list should be read with these caveats in mind.
Singapore’s Temasek Holdings has led a US$502 million series D round in Magic Leap Inc., a U.S.-based augmented reality start-up.
A fund managed by Cathay Capital Private Equity has led a series B2 round in Chinese autonomous driving tech start-up Momenta, with participation from GGV Capital.
CT Weekly is a newsletter summarizing major recent developments in China’s tech sector published by China Tech Insights, an industry research project established by Tencent Online Media Group. China Money Network is re-publishing the newsletter under an agreement with China Tech Insights. Baidu’s newest gadget translates speech in near real-time Baidu, China’s biggest search engine, has unveiled a translation device on Sept.19. The portable gadget, which weighs as much as a smartphone, was revealed Tuesday at the 16th Machine Translation …
Hong Kong, China, September 22, 2017 /ChinaNewswire.com/ – More than 30 tools are now available for Windows and Mac that enable users to complete tasks with a single click – from Drive Cleaning, to Presentation Mode, and Screen Recording Parallels#174; (www.parallels.com/about), a global leader in cross-platform solutions and creator of the No. 1 selling software… Read More