Archive for China Money AI

China Tech Digest: WM Motor Recalls Vehicle After Burning, Byton Restarts Operation After Rebranding

After 4 vehicles burnings in one month, WM Motor recalls nearly 1,300 vehicles Chinese EV maker WM Motor decided to recall 1,282 related problem models, after a WM EX5 recently exploded after a fire accident in Beijing. The company has had four fire accidents in October. WM Motor’s battery suppliers are relatively diversified. In addition […]

China Tech Digest: WM Motor Recalls Vehicle After Burning, Byton Restarts Operation After Rebranding comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.

CAR-T Biotech Firm Gracell Completes $100 Million Round

Chinese biopharmaceutical startup Gracell Biotechnologies Co., Ltd recently announced the completion of a US$100 million Series C financing. This round of financing was led by Wellington Management Company, OrbiMed and Morningside Ventures. New investors participating in this round also include Vivo Capital. Existing investors Temasek Holdings, Lilly Asia Ventures, OrbiMed and King Star Med LP […]

CAR-T Biotech Firm Gracell Completes $100 Million Round comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.

Chinese Self-Driving Tech Startup MINIEYE Raises RMB270 Million

Shenzhen MINIEYE Technology Co., Ltd., a developer of autonomous driving perception technology, announced the completion of a Series C financing of RMB270 million yuan. Investors include Harvest Investment, Oriental Fortune, Yuanjing Capital, Hixih Communications, Shanshan Venture Capital, and existing shareholders NavInfo and Kang Chengheng continue to increase their holdings. Liu Guoqing, founder and CEO of […]

Chinese Self-Driving Tech Startup MINIEYE Raises RMB270 Million comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.

China Tech Digest: TikTok To Partner With Shopify, Huawei Still No. 1 Phone Seller In China

TikTok to recruit 3000 engineers worldwide, and cooperates with Shopify On Tuesday, the short video platform TikTok (TikTok Overseas Edition) announced that the company plans to hire about 3,000 engineers in the next three years, mainly in Europe, Canada and Singapore. This move shows that although the uncertainty about ownership still exists, TikTok has not […]

China Tech Digest: TikTok To Partner With Shopify, Huawei Still No. 1 Phone Seller In China comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.

Hangzhou City Proposes Laws Prohibiting Mandatory Facial Recognition

On October 26, a new regulations was submitted to the 30th meeting of the Standing Committee of the 13th Hangzhou Municipal People’s Congress for deliberation. The revised draft clearly stipulates that it is forbidden to force owners to enter a residential community through biometric information such as fingerprints and face recognition. If the revised draft […]

Hangzhou City Proposes Laws Prohibiting Mandatory Facial Recognition comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.

Chinese AI Startup Smart More Raises $100 Million

Chinese AI technology company Smart More has completed a round of financing with an amount of over US$100 million. New investors include Pine Venture Capital, Sequoia Capital China Fund, Cornerstone Capital, and Wentianxia Investment. In June of this year, Smart More announced that it had received tens of millions of US dollars in Pre-A round […]

Chinese AI Startup Smart More Raises $100 Million comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.

China Tech Digest: Beijing To Reform Stock Exchanges, Wechat Ban To Expire Before US Election

China reportedly plans to reform domestic stock exchanges The China Securities Regulatory Commission plans to reform the domestic exchanges to combine the main board of the Shenzhen Stock Exchange and the small and medium-sized board there, according to Caixin reports. The Shenzhen Stock Exchange currently mainly consists of three sections, namely the main board, small […]

China Tech Digest: Beijing To Reform Stock Exchanges, Wechat Ban To Expire Before US Election comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.

China Tech Digest: Beijing To Reform Stock Exchanges, Wechat Ban To Expire Before US Election

China reportedly plans to reform domestic stock exchanges The China Securities Regulatory Commission plans to reform the domestic exchanges to combine the main board of the Shenzhen Stock Exchange and the small and medium-sized board there, according to Caixin reports. The Shenzhen Stock Exchange currently mainly consists of three sections, namely the main board, small […]

China Tech Digest: Beijing To Reform Stock Exchanges, Wechat Ban To Expire Before US Election comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.

Tencent Invests In Chinese E-Sports Operator VSPN

Shanghai-based e-sports operator Hero Sports, also called VSPN, officially announced the completion of a series B financing with a total amount of US$100 million. This round of financing was led by Tencent, participated by Tiantu Capital, SIG, and Kuaishou. Light Source Capital served as the exclusive financial advisor for this round of financing. The financing […]

Tencent Invests In Chinese E-Sports Operator VSPN comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.

Tencent Invests In Chinese E-Sports Operator VSPN

Shanghai-based e-sports operator Hero Sports, also called VSPN, officially announced the completion of a series B financing with a total amount of US$100 million. This round of financing was led by Tencent, participated by Tiantu Capital, SIG, and Kuaishou. Light Source Capital served as the exclusive financial advisor for this round of financing. The financing […]

Tencent Invests In Chinese E-Sports Operator VSPN comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.