China Tech News

The rash of recent price cutting in China’s auto market could further squeeze the profitability of manufacturers already struggling with slowing demand.

Freshippo, the supermarket chain owned by e-commerce giant Alibaba, is reportedly making preparations for an IPO in Hong Kong.

Changan Auto will invest $285 million in a facility in Thailand to produce 100,000 EVs annually.

Cainiao Network Technology, the logistics arm of Alibaba has started preparations to become the first of the tech giant’s six units to go public.

China held its position as the world’s second-largest base for unicorns, or private firms valued at above $1 billion.

Chinese regulators are expected to fine Ant Group about a quarter less than the more than $1 billion initially planned and downgrade their charges against it.

Huawei announced on April 20 that it has launched a self-developed ERP system named MetaERP, replacing Oracle Corp.’s.

Web3 circuit has been a beehive of activity since October 2022 when the city’s government announced that it will allow “a suitable degree” of crypto access to retail investors.

ByteDance’s subsidiary, the Volcano Engine, released a series of self-developed cloud products including DPU and launched a new version of its machine learning platform.

The newly released shared autonomy maps provide a new human-vehicle interface and enhance users' trust in smart driving solutions.

On April 14th, Pony.ai announced that the new generation Robotaxi model has successfully launched in Beijing.

Chinese food delivery giant Meituan launched "Meituan Enterprise Edition" on April 13, a one-stop service for enterprise consumption management.

Ride-hailing giant Didi released its first autonomous driving and automatic operation center and autonomous driving concept car named “DiDi Neuron.”

SenseTime Launches “SenseNova” Foundation Model Sets and AI Computing Systems, Advancing AGI Development.

Tencent's game “Return to Empire” is now eligible for promotion through traffic acquisition strategies on ByteDance's platforms.

DeepLang AI, has completed a new round of financing with a market valuation of approximately $100 million.

will be launching an “industrial version” of ChatGPT called ChatJD this year. This chatbot product will specifically cater to the retail and finance industries.

Libode a Chinese manufacturer of lithium-ion battery cathode materials, has raised 2.578 billion yuan ($375.2 million) in a Series B round of financing.

ByteDance’s office software, Feishu, released a video preview of its upcoming intelligent assistant “My AI” on April 11.

BAI Capital is poised to launch a dedicated fund for Web 3.0 investments as the venture capital (VC) firm, which has a track record of backing over 200 internet companies.

Sinopec will take a 5% stake in Qatar’s North Field East expansion, part of the world’s largest liquefied natural gas (LNG) project.

When billionaire Jack Ma flew to Hangzhou on the morning of March 27, few could have predicted the domino chain of events that would shortly unfold.

The e-commerce behemoth said Tuesday that it will split into six business groups, which will each be managed by their respective CEOs and follow a holding company structure.