Asian Infrastructure Investment Bank Commits $250 Million to Beijing Natural Gas Project, Bolstering China’s Clean Air Initiative

The Asian Infrastructure Investment Bank (AIIB) announced on Monday a significant $250 million loan for a natural gas project in Beijing, marking a pivotal moment as the bank’s inaugural investment…

Dongguan’s International Science and Technology Cooperation Week Catalyzes Nearly 500 Million Yuan in Deals, Signaling Regional Innovation Drive

The China (Dongguan) International Science and Technology Cooperation Week, a pivotal event in South China’s innovation landscape, concluded on Sunday, December 10, 2017, having facilitated nearly 500 million yuan (approximately…

PsiBot Secures Over $100 Million in New Funding Round, Bolstering Embodied AI and Dexterous Manipulation Efforts

PsiBot, a rapidly emerging Chinese embodied-AI startup specializing in dexterous manipulation, has successfully concluded a new funding round exceeding US$100 million. This significant capital injection underscores growing investor confidence in…

Jack Ma Foundation Pledges $45 Million Over Next Decade to Boost Rural Teaching Workforce

The Jack Ma Foundation has announced a significant commitment to enhance the quality of rural education in China, pledging to invest at least 300 million yuan (approximately $45 million USD)…

Chinese Authorities Dismantle Multi-Million Dollar Counterfeit Herbalife Operation Following Alibaba Tip-off

Police in eastern China have successfully dismantled a sophisticated counterfeiting operation, responsible for manufacturing and distributing illicit Herbalife products valued at over 20 million yuan (approximately $3 million USD). The…

The Jack Ma Foundation Pledges $45 Million Over Next Decade to Bolster Rural Education Through New Pre-Service Teacher Initiative.

The Jack Ma Foundation has announced a significant commitment to transforming rural education in China, pledging at least 300 million yuan (approximately $45 million USD) over the next ten years.…

Apple Daily Ordered to Pay HK$1.5 Million in Defamation Damages to Couple Accused of Espionage

A Hong Kong court has mandated that the now-defunct pro-democracy newspaper Apple Daily pay HK$1.5 million (approximately US$192,000) in damages to a couple who successfully sued the publication for defamation.…

Asian Infrastructure Investment Bank Approves Landmark $250 Million Loan for Beijing’s Coal-to-Gas Conversion Project

The Asian Infrastructure Investment Bank (AIIB) on Monday announced a significant $250 million loan for a natural gas project in Beijing, marking a pivotal moment as the bank’s inaugural investment…

Hong Kong Competition Watchdog Raids 12 Premises in Sweeping Bid-Rigging Investigation Targeting HK$500 Million in Building Projects

Hong Kong’s Competition Commission has launched a significant enforcement action, conducting raids at 12 premises in an operation codenamed "Hunter" that targets alleged bid-rigging activities. The investigation centers on 28…

Lovable Secures $400 Million Series C Funding, Achieving $13.3 Billion Valuation Amidst No-Code Revolution

Lovable, the innovative Stockholm-based software creation platform, has announced the successful closure of a $400 million Series C funding round, catapulting its valuation to an impressive $13.3 billion. This substantial…