News came yesterday that Google would invest US$550 million in cash in China’s second largest retailer JD.com Inc., as part of a strategic partnership. The two partners plan to collaborate on a range of strategic initiatives, including joint development of retail solutions and making some products of JD.com available for sale through Google Shopping channels in multiple regions.
What is the most popular app in China? You’re probably thinking WeChat. Though that might still be true, WeChat now has a serious challenger whose meteoric rise has taken China by storm (and WeChat’s owner Tencent by surprise). That is Douyin (抖音, literally “shaking sound” in Chinese), one of the most popular short video apps in China, as well as worldwide. It is owned by ByteDance (a.k.a Toutiao), an AI-driven media company in China and one of the world’s most …
Social media giant Facebook Inc has admitted that it shares user data with at least four Chinese companies, including Huawei Technologies Co., Ltd., the Chinese telecommunications company whose products are deemed a security threat by the U.S. government, according to a New York Times report.
In a move that further threatens Chinese e-commerce giant Alibaba Group Holding’s dominance in omni-channel retail, Chinese conglomerate Dalian Wanda Group will join tech giant Tencent Holdings Ltd. to set up an Internet technology firm to strengthen its position in retail, according to Wanda’s announcement.
Qihoo 360, China’s largest internet security company, said that it had identified a high-risk security vulnerability on the EOS network. The bug was fixed around 24 hours later by EOS today, though both parties seem to disagree what really happened and how serious the flaw was.
Chinese artificial intelligence company iFlytek Co Ltd., best known for its voice-recognition technology, plans to raise up to RMB3.6 billion (US$567 million) through private placement to expand its artificial intelligent investments, according to its security filing.
Li Shipeng, a former Microsoft partner and founding member of Microsoft Research Asia, has joined Chinese artificial intelligence company iFlytek Co Ltd., best known for its voice-recognition technology.
U.S. companies have been banned for seven years from selling equipment to Chinese telecommunications company ZTE Corp. The ban stems from an earlier case in which ZTE plead guilty to violating U.S. trade sanctions on Iran.
Chinese mobile Internet company Cheetah Mobile Inc. (NYSE: CMCM) has unveiled a series of artificial intelligence-powered smart devices and robotics products in a glitzy event held last night in Beijing’s National Aquatics Center.
He Xiaodong, former principal researcher at Microsoft Research’s artificial intelligence unit will join JD.com as vice president working at JD.com’s AI lab, according to local media.
Baidu, one of China’s Internet and tech titans, announced plans to integrate three departments into one called the Smart Living Group (SLG) to consolidate and streamline its businesses in the smart hardware sector.
U.S.-based cancer detection start-up Grail Inc. is reportedly planning an initial public offering on the Hong Kong Stock Exchange in what could be the first test of the city’s proposed duel-class listing system for tech companies.
Wang Lifeng, a visual technology expert who previously worked as a director at Autodesk Software (China) Co., Ltd., and a researcher at Microsoft Corporation, has joined 51HiTech, a Beijing-based virtual reality and augmented reality start-up as chief technology officer, according to the firm’s announcement on its WeChat account.
Sequoia China has led a US$40 million series C round in Mountain View-based artificial intelligence-powered fraud detection solution provider DataVisor, according to an announcement.
Hong Kong, China, February 6, 2018 /ChinaNewswire.com/ – WeWork Fortifies 2018 Growth By Launching the Creator Awards To Energize Greater China’s Innovation Ecosystem -Building on achievements and robust business momentum in Greater China, 2017 was also the biggest year in WeWork’s 7-year history -By the end of 2018, WeWork will be accelerating its development to… Read More
China’s tech giant Baidu Inc. is again losing artificial intelligence talent. Wu Xuebin, Baidu’s vice president in charge of autonomous driving has resigned, just as the company is accelerating its push into autonomous vehicles.
Chinese tech giant Baidu Inc. has established two new labs under its Baidu Research division, as part of its push to strengthen fundamental artificial intelligence (AI) research and development, the company said today.
Chinese tech giant Baidu Inc. has teamed up with Singapore technology conglomerate Asia Mobility Industries (AMI) to establish a US$200 million joint venture fund to promote Baidu’s open-source autonomous driving platform Apollo.
Baidu Inc. has teamed up with U.S.-based chip developer Nvidia Corp. and German car parts maker ZF Friedrichshafen AG to create a production-ready artificial intelligence autonomous vehicle platform designed for China, as the Chinese tech company continues to double down on autonomous driving businesses.
Alibaba Group Holding Ltd. is reportedly near investing US$100 million in Indian logistics company XpressBees in exchange for a significant minority stake, as the Chinese e-commerce and tech giant continues to fortify its position in the Southeast Asian e-commerce market.
Chinese search engine and tech company Baidu Inc. signed a strategic collaboration agreement yesterday with Xiongan New Area, a new economic zone in Hebei province, to help build Xiongan into a futuristic city powered by artificial intelligence from transportation to healthcare.
Chinese electric vehicle maker Xiaopeng Motors has raised an undisclosed amount of new funding from investors including Alibaba Group Holding Ltd., GGV Capital and Matrix Partners China.
Chinese artificial intelligence chip maker ThinkForce has raised RMB450 million (US$68 million) in series A round from Sequoia Capital China, Hillhouse Capital, Jack Ma-backed Yunfeng Capital and Yitu Technology, an AI start-up specializing in machine vision and hardware, according to media reports.
Chinese tech giant Tencent Holdings Ltd. plans to buy a 5% stake in Shanghai Stock Exchange-listed Yonghui Superstores, in a move to compete against rival Alibaba Group Holding Ltd. in the new retail space.
Chinese artificial intelligence company SenseTime has teamed up with Chinese property developer Modern Land (China) Co. to lead a RMB210 million (US$32 million) series B round in 51HiTech, a Beijing-based virtual reality and augmented reality start-up focused on applications in the real estate sector.
Chinese facial recognition firm Face++ has raised US$460 million in a series C round led by China State-Owned Assets Venture Investment Fund, with Ant Financial and Foxconn Technology Group participating, setting a new VC financing record for AI companies globally.
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.
Chinese venture capital firm Source Code Capital has hired Huang Yungang (pictured), a former managing director at Matrix Partners China, as a partner.
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
Hong Kong, China, September 20, 2017 /ChinaNewswire.com/ – Molex subsidiary Sensorcon has introduced a small, powerful—and colorful—climate sensor that provides workers in sensitive or harsh environments a clear understanding of environmental conditions. The Climate Logger is offered in three different models which can measure light, temperature, pressure and humidity across a wide spectrum of facilities—from… Read More
Hong Kong, China, September 20, 2017 /ChinaNewswire.com/ – The 100G Lambda Multi-Source Agreement (MSA) Group has announced their intent to develop specifications based on 100 Gbps per wavelength optical technology. Under the MSA, participating companies are addressing the technical challenges of achieving optical interfaces utilizing 100 Gbps per wavelength technology ensuring optical interoperability for transceivers… Read More