China Approves the First Batch of Generative Artificial Intelligence Services for Public Rollout
Baidu, ByteDance, and 8 others deploy large-scale models via generative AI for public services.
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Tencent-Backed DouYu Required by Chinese Authorities to Rectify Issues of Pornography and Vulgarity
On May 8, the Cyberspace Administration of China issued a statement stating that regarding serious ecological problems such as pornography and vulgarity on Chinese live streaming platform DouYu, it sent a work group to conduct a one-month centralized rectification supervision on DouYu.
5/8/20233 min read
Battery Firm Sunwoda EVB Bags $380M From Investors Including Li Auto and SAIC Motor
Chinese leading lithium-ion battery maker Sunwoda announced that its wholly owned subsidiary, Sunwoda EVB, received an investment worth 380 million from a total of 19 separate investors.
2/28/20223 min read
2018 Fortune Global 500 List Released: 120 Chinese Companies on the List
Fortune Magazine published on July 19 its annual global list of 500 corporations. This year, 120 Chinese companies made the cut, which makes China a close secon...
Meta, Huawei, Alibaba's DAMO Academy and Others Found Metaverse Standards Forum
Microsoft, Meta, and 34 other companies and organizations have formed a standards group - Metaverse Standards Forum - for metaverse tech.
6/22/20222 min read
China NFT Weekly: Official Guidance on NFT Industry Development
This week: US game developer Unity to spin off China unit to tap the country's metaverse market, Chinese bitcoin mining rig maker Canaan mulls US expansion despite crypto winter, and more.
8/8/20228 min read
Baidu Releases Quarterly Financial Report, Set to Buy JOYY’s Livestreaming Operations in China
On Nov. 17, Baidu released its financial results for the third quarter of 2020, ending on Sept. 30.
11/17/20203 min read
Apple’s CEO Tim Cook Becomes Chairman of Tsinghua Advisory Board
Tim Cook, CEO of Apple, has been named chairman of the advisory board for Tsinghua University’s School of Economics and Management.
Baichuan Unveils 3rd Large Model: Wang Xiaochuan Emphasizes Wide Access Potential
Baichuan releases its third large-scale model, Wang Xiaochuan: The opportunity for large models may not necessarily be limited to big companies.
8/9/20239 min read
Douyin E-commerce Reports 277% Surge in GMV for 2023
Douyin emphasized the potential for growth in the interest-based e-commerce sector, with their platform's GMV growing by over 80% in the past year alone.
Xiaomi Qualifies for Electric Vehicle Production, Advancing Car Manufacturing
Xiaomi has taken a crucial step in car manufacturing by obtaining the qualification for electric vehicle production.
HeyGen Introduces Advanced Motion Control for Virtual Avatars
On January 24, AI startup HeyGen unveiled a motion control feature, enabling complex full-body movements for virtual avatars.
1/24/20252 min read