Huang Shilin, co-founder of Contemporary Amperex Technology (CATL) and its third-largest shareholder, has cashed in on a rally in the…
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Alibaba expands instant commerce efforts with US$281 million Taobao convenience store push
Alibaba Group Holding on Friday unveiled a 2 billion yuan (US$281 million) investment as part of a programme that will…
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Deloitte China to hire 1,000 staff, invest US$64 million in Hong Kong over next 4 years
Deloitte China plans to hire about 1,000 people in Hong Kong and invest HK$500 million (US$64 million) over the next…
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China’s generative AI user base doubles to 515 million in 6 months
China saw a massive uptick in generative artificial intelligence adoption in the first half of the year to 515 million…
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Alibaba’s Amap hits 400 million users with new AI ranking feature in local services push
Alibaba Group Holding said the destination ranking feature in its Amap mapping service has racked up 400 million users since…
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Alibaba’s Amap hits record 360 million users as China’s National Day ‘golden week’ begins
Amap, Alibaba Group Holding’s answer to Google Maps, saw a record 360 million daily users on the first day of…
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China’s Nvidia challenger Cambricon to raise US$560 million for AI chip development
Chinese semiconductor firm Cambricon Technologies, seen as a potential future challenger to Nvidia, plans to raise nearly 4 billion yuan…
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Hong Kong’s virtual insurer Bowtie Life raises US$70 million in Series C funding round
Bowtie Life Insurance, the city’s first virtual insurer, on Friday said it raised US$70 million in its third funding round…
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Alibaba leads US$14 million funding round in Chinese corporate AI agent start-up
A Hangzhou-based artificial intelligence (AI) start-up specialising in enterprise AI agents has secured over 100 million yuan (US$14 million) from…
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Anker, Romoss recall over 1.2 million power banks amid fire risks
Two major Chinese electronics manufacturers, Anker and Romoss, have launched massive recall programmes for over 1.2 million power banks, marking…
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