Asian Development Bank Commits $6.17 Billion for 31 Projects in China (2018-2020), Shifting Focus Towards Green and Inclusive Growth Initiatives
The Asian Development Bank (ADB) has announced an ambitious investment plan for China, earmarking a total of $6.17 billion for 31 projects between 2018 and 2020. This significant commitment underscores…
Moonshot AI Targets $50 Billion Valuation Ahead of Anticipated Hong Kong IPO
Moonshot AI, the rapidly ascending developer behind the popular Kimi chatbot, is reportedly poised to initiate discussions in August for a pivotal pre-initial public offering (IPO) funding round, aiming for…
Yimu Tech Secures Over RMB1 Billion in Series E Funding, Elevating Valuation Beyond RMB10 Billion Amidst Embodied AI Surge.
Yimu Tech, a prominent Chinese innovator specializing in tactile sensing hardware and software for advanced embodied-intelligence systems, has successfully concluded a Series E financing round, raising in excess of RMB1…
China’s Central Bank Injects Net 20 Billion Yuan to Ease Liquidity, Signaling Targeted Monetary Management
BEIJING – China’s central bank, the People’s Bank of China (PBOC), initiated a net injection of 20 billion yuan ($3.02 billion) into the financial system via open market operations on…
Changxin Memory Technologies (CXMT) Sets IPO Price at RMB8.66 Per Share on Shanghai STAR Market, Targeting $8.55 Billion Raise.
Changxin Memory Technologies (CXMT), a pivotal player in China’s burgeoning domestic semiconductor industry, has officially set the price for its highly anticipated Initial Public Offering (IPO) on the Shanghai Stock…
DeepSeek Founder Liang Wenfeng’s Net Worth Soars to $36 Billion, Cementing His Position as the Richest AI Model Entrepreneur.
Liang Wenfeng, the visionary founder of DeepSeek, has seen his estimated net worth skyrocket to an astonishing $36 billion, more than doubling his previous estimate of $16.7 billion, according to…
Asian Development Bank Commits $6.17 Billion to China’s Sustainable Development, Pivoting Towards Environmental and Social Projects
The Asian Development Bank (ADB) has unveiled an ambitious plan to invest a total of $6.17 billion in 31 projects across China from 2018 to 2020, signaling a significant strategic…
Xiaomi Unveils Xiaomi-Robotics-U0, a 38-Billion-Parameter Multimodal Autoregressive Foundation Model for Embodied AI
Xiaomi on Wednesday unveiled Xiaomi-Robotics-U0, a 38-billion-parameter multimodal autoregressive foundation model for embodied AI, marking a significant stride in the development of intelligent robotics. The company articulated that this pioneering…
Rebellions.ai Secures Additional $400 Million Funding, Pushing Valuation to $2.34 Billion Ahead of Planned IPO and Global Expansion
Fresh off a successful Series C funding round in November, South Korean fabless AI chip startup Rebellions has announced an additional $400 million funding infusion, bringing its total capital raised…















