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At Alibaba's Investor Day held on December 17, Toby Xu, Deputy Chief Financial Officer of Alibaba Group, shared seven key investment themes under the firm's two major investment directions in the future.
WeRide, a global autonomous driving company, announced today it raised hundreds of millions of dollars in its Series C financing, from IDG Capital, Homeric Capital, CoStone Capital, Cypress Star, Sky9 Capital, K3 Ventures, and others.
On October 22, Lenovo celebrated the launch of its new headquarters in the Phase II of Zhongguancun Software Park, the high-tech zone in the northwest of Beijin...
Chinese video game and entertainment company NetEase beat analyst expectations for its first quarter revenues as the company increased its online games revenue with new game launches and further monetized its music streaming app.
Toutiao entered the industry of online English courses for children by launching of a new educational product branded “gogokid”. The developer of this product ...
On the evening of November 9, Meta CEO Mark Zuckerberg announced that the company would lay off 13% of its workforce, affecting more than 11,000 employees. Many Chinese organizations in Silicon Valley have begun to recommend each other for new job opportunities.
On May 6th, Li Auto released a report on May Day travel. The total mileage of its vehicles reached 144 million kilometers, including 72.29 million kilometers driven by fuel, which increased by 147% compared to normal days and increased by 372% from last year's May Day.
Caijing’s Late Post reported that ByteDance, the world’s most valuable startup, is looking to begin developing mobile games.
CloudWalk, an artificial intelligence enterprise, was officially listed on the Shanghai Sci-Tech Innovation Board (STAR Market) on Friday.
Canadian coffee chain Tim Hortons has recently made further progress in plans to list its Chinese business division in the US. Silver Crest, a special purpose acquisition company, will hold a general meeting regarding the merging matter on August 18.
In last week’s VC news, online medical platform Dingdang Health raises $220 million to expand its O2O strategy, lidar-maker Hesai closes a considerable Series D followed by a hefty Series C round raised by autonomous driving chip-maker Horizon robotics, while Tencent invests in a German online brokerage.
On May 13, Alibaba's research institute DAMO Academy was reported to be undergoing a major organizational restructuring. The autonomous driving laboratory, which has long been unable to generate profits, will be merged into Cainiao, the logistics arm of Alibaba.