Category: News

Sogou Unveils World’s First AI Synthesis News Anchor

The world’s first artificial intelligence (AI) synthesis anchor, developed by China’s search engine operator Sogou, Inc. and claimed to have the same broadcasting ability as that of a human anchor, was unveiled at an internet exposition on ……


China Unveils Stealth Combat Drone Model CH-7, Set For Mass Production By 2022

China has unveiled a stealth combat drone model, which could become the first stealth drone available in the global market, at the largest airshow on Tuesday in the coastal city of Zhuhai to underscore the country’s aviation ambitions. The stealt……


Chinese VC Firm Joy Capital To Raise $300M For Its Third Fund

Chinese venture capital firm Joy Capital is looking to raise up to US$300 million for a new opportunity fund, according to its filing with SEC on Friday. The new fund, Joy Capital Opportunity, will make early stage and late stage venture investments in……


Geely, China Aerospace Firm CASIC Join Hands To Develop Supersonic Trains

Zhejiang Geely Holding Group, the Chinese automaker that owns Volvo and Lotus, said on Tuesday that it has sealed an agreement with Chinese state-owned high technology firm China Aerospace Science and Industry Corp (CASIC) to jointly develop “supersoni……


China’s Linear Venture Collects Over $140M In New Funds Earmarked For Data Intelligence

Chinese early-stage venture capital firm Linear Venture announced on Monday that it has completed its phase III dual-currency fundraising, collecting nearly RMB500 million (US$72.53 million) for a RMB-denominated fund and US$70 million for a USD-denomi……


Shunwei Capital Raises $1.21B Fourth Fund

Shunwei Capital, which counts Xiaomi founder Lei Jun as a co-founder, has raised US$1.21 billion for its fourth fund, the firm announced today. The new fund brings the firm’s total asset-under-management to US$2.96 billion across four US Dollar f……


US Charges Taiwan, Chinese Firms For Micron Trade Secrets Theft

The United States Justice Department has charged two companies based in Taiwan and China and three individuals of conspiring to steal trade secrets, related to research and development of memory storage devices, from US semiconductor company Micron Tec……


Royole Unveils World’s First Commercial Foldable Smartphone-Tablet

Royole Corporation, a Chinese manufacturer of rollable displays and smart devices, has unveiled world’s first commercial foldable device that can be bent and rolled to serve as a mobile phone and tablet at an event in Beijing on Wednesday.  The p……


Chinese Bike Sharing Firm Ofo Reportedly Preparing For Bankruptcy, Ofo Denies It

Chinese bike sharing firm Ofo is preparing a bankruptcy proceeding as its liquidity crisis worsened, Chinese media outlet Jiemian reported today citing a leaked document. In a statement, Ofo denied such claim and called the report “ridiculous”. But acc……


China’s Internet Giant Tencent Files Lawsuit Against Messaging App WeChat’s Copycat InChat

Chinese internet giant Tencent Holdings Limited has filed a lawsuit against the copycat of its messaging app WeChat for “unfair competition dispute”, demanding RMB10 million (US$1.43 million) in compensation. Tencent, which derives two-thirds of its re……