AI Top 50 2018 – 970×90 CN

Hans Tung: Eight Lessons From The Rise Of Chinese Short Video App Douyin

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 …

SoundAI’s Chang Le: Voice-Controlled Devices Next Battlefield For Digital Traffic

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’s Dingdong, which is selling at a discounted RMB79 (US$12). Chang says the price war is completely understandable because every …

China VC/Tech News Weekly Roundup: China VC Report For May, Sensetime Raises $1.2B In Two Months

In this episode of China Money Podcast, listen to all the news headlines in the week of May 27 to June 1, 2018 with host Nina Xiang. Topics covered include China Money Network’s freshly released China VC Tracker for the month of May, how Chinese AI company SenseTime raised US$1.2 billion in a two-month period, and how the battle to gain an upper hand in omni-channel retail continues between Tencent and Alibaba. Be sure to subscribe to China Money Podcast …

China VC Tracker: Chinese VCs Made 284 Deals Worth $6.38 Billion In May 2018

Chinese venture capital activity saw a jump in the number of announced deals but total deal value dropped significantly last month from April because of the lack of mega deals. In May, 284 VC deals were announced worth an aggregate US$6.38 billion, compared to 209 deals worth US$15.59 billion in April, according to China Money Network’s China VC Tracker released today. China VC Tracker is produced based on proprietary data collected by China Money Network.

Chinese EV Unicorn NIO Begins ES8 Deliveries As The First To Face Consumer Inspections

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. 

Alibaba, Tencent And Baidu Invest In Foxconn Unit’s $4.3B IPO

China’s internet giant trio Alibaba Group Holding, Tencent Holdings Ltd, and Baidu Inc, known as the BAT, have joined some prominent state-owned investors to pick up stakes in Foxconn Industrial Internet Co.’s RMB27.1 billion (US$4.3 billion) initial public offering.

China VC/Tech News Roundup: Sequoia Co-Leads $260M Round In Brii Bio, China’s Official Blockchain Report

In this episode of China Money Podcast, listen to all the news headlines in the week of May 21-25, 2018 with host Nina Xiang. Topics covered include two massive healthcare VC rounds, including Sequoia Capital and Yunfeng Capital’s US$260 million investment in biomed firm Brii Bio, and Ally Bridge Group’s US$300 million investment in Tencent-backed cancer detection start-up Grail. In addition, there are lots of insights from China’s official blockchain report. Be sure to subscribe to China Money Podcast for …