Startups
China’s Popular Video Website AcFun Shuts Down Amid Financial and Regulatory Difficulties
China's popular video website AcFun faces severe operational difficulty due to failure of its financing plan. Its website is currently…
Xingbianli Defends Massive Job Cuts After Fired Employees Step Up Online Complaints
Chinese check-out free convenience store operator Xingbianli has recently optimized and restructured its workforce and resources in a bid to…
Underwater Drone Developer Geneinno Secures USD2.3 Mln Financing to Up Robot Quality
Underwater drone developer Geneinno has raised CNY15 million (USD 2.3 million) in pre-A financing round. The company will use new…
Adhesive Tape Firm Aozon Secures Millions in A-Round Financing
Special adhesive tape producer Aozon Electronic Material Co. raised tens of millions of yuan in recent A-round financing as it looks to provide a…
Robot Visual Tech Firm to Use New Funding For Mass Production Development
Hyperci Technology Co., a machine-vision technology company, will use newly secured funding to advance efforts to achieve mass productions as…
Faraday Future Sues Ex-CFO for Trade Secret Theft, Inside Letter Shows
Electric carmaker Faraday & Future has sued Stefan Krause, its ex-chief financial in a US federal court and his electric…
BGI Genomics VC Arm Invests in Personal DNA Tester WeGene
The venture capital arm of China’s biggest genome sequencing firm, BGI Genomics Co., has participated in the latest funding round of WeGene, a leading provider of personal gene testing.
Chinese AI-Focused Media Start-Up to Use Funds to Improve Content
Heart of the Machine, a Chinese media start-up covering news on the country’s artificial intelligence sector aims to improve content…
Alibaba Group to Lead NEV Startup Xpeng Motors’s USD347 Million B Round Financing
China’s electric car startup Xpeng Motors’s CNY2.2 billion (USD347 million) B round of financing process started in Hong Kong today.…
Chinese State Banks Invest in 4Paradigm as Country Steps Up AI Support
Three of China’s biggest state-owned banks have invested in an artificial intelligence startup in a further sign that the country is pushing ahead with backing for companies in the field.
Big Data, AI Service Company Bazhuayu Gets More Funds in Series-A Financing
Big Data collection and application service company Shenzhen Skieer Information and Technology Co., which runs Bazhuayu.com, completed its Series-A financing…
Tencent Leads See App’s C-Round to Boost Ties Between We Media, E-Commerce
Chinese internet giant Tencent Holdings Ltd. took the lead in a USD10-million C-round at See App to help the we media services provider expand along the supply chain and cooperate with more brands.