Chinese consumers placed over 120 million orders on Alibaba Cloud’s flagship artificial intelligence app Qwen within six days, signalling growing…
Read More
China slaps US$3.7 million fine on Kuaishou over live-streaming e-commerce violation
Chinese regulators have slapped a 26 million yuan (US$3.7 million) fine on a unit of Kuaishou Technology, operator of the…
Read More
Alibaba’s Qwen family hits 700 million downloads to lead global open-source AI adoption
According to research published on Friday by consultancy AIBase, citing data from Hugging Face, estimated Qwen downloads as of December…
Read More
China AI start-up MiniMax kicks off US$538 million Hong Kong IPO
Chinese generative artificial intelligence start-up MiniMax Group has kicked off its Hong Kong initial public offering (IPO), seeking to raise…
Read More
AI-for-Science start-up DP Technology raises US$114 million in Series C round
DP Technology – the developer of a suite of AI tools used by researchers for work spanning drug design to…
Read More
Chinese AI chipmaker Biren kicks off bookbuilding for US$624 million Hong Kong IPO
Shanghai Biren Technology has started bookbuilding for its Hong Kong initial public offering (IPO), aiming to raise up to HK$4.85…
Read More
Bill Gates’ daughter lands US$30 million for star-backed AI firm
Phoebe Gates, daughter of Microsoft’s billionaire founder Bill Gates and Melinda French Gates, is raising US$30 million in new funding…
Read More
Jack Ma Foundation, Alibaba and Ant Group pledge US$8 million for Hong Kong fire victims
The Jack Ma Foundation said on Thursday it would donate HK$30 million (US$3.9 million) to support families, firefighters and rescuers…
Read More
China’s UBTech Robotics eyes US$400 million in Hong Kong share placement
UBTech Robotics, one of China’s top makers of humanoid robots, plans to raise HK$3.11 billion (US$399.6 million) through a share…
Read More
Ant Group’s LingGuang vibe coding app hits 1 million downloads in just 4 days
Ant Group’s new “vibe coding” artificial intelligence app LingGuang has overwhelmed servers after user downloads surpassed 1 million in just…
Read More