Meituan has invested in autonomous driving startup QCraft’s latest fundraising round of $100 million, highlighting the intensifying bets made by the country’s Big Tech on the promising driverless car space.
Autonomous transport start-up Plus has carried out the first test of its kind for fully driverless trucks in China’s eastern province of Jiangsu and has secured a deal with Amazon to provide at least 1,000 autonomous delivery vehicles.
Driving startup WeRide on Tuesday announced the acquisition of MoonX.AI, an autonomous trucking startup.
Amid a slew of public relations controversies, representatives from Chicecream apologized via Weibo on Thursday for two 2019 false advertising incidents, while denying other accusations.
Chinese online-to-offline (O2O) medicine platform Dingdang Health has raised $220 million in its latest financing round led by TPG Capital Asia, the company announced on Tuesday.
Chinese autonomous driving system startup Zongmu Technology announced that it has raised a total of $190 million in its Series D round of funding, including from a Xiaomi-backed investment fund.
In last week’s news, Chinese computer vision startup Clobotics secured roughly $31 million in funding to be used for research and development, prominent VC firm Source Code Capital raised $1 billion in capital commitments and online grocery company Dingdong Maicai raked in over $700 million from regional expansion.
Xiaomi injects funds into bodybuilding course maker I-Fitness, Julive rakes in 400 million yuan, Allianz tightens partnership with WeLab, while Xpeng Motors secures a new commitment from the Guangdong government.
OnePlus co-founder Carl Pei on Jan. 27 announced the establishment of his London-based new consumer technology startup Nothing, which obtained $7 million in fresh capital last December.
Chinese self-driving solutions startup UISEE Technology has completed a new funding round and raised more than 1 billion yuan ($154 million), the company announced on Monday.
It’s a common phenomenon in many Southeast Asian countries: Young people snatch up the latest smartphone models online — but rarely are they satisfied with what comes in the mail.
Rokid will join hands with the Archaeological Ruins in Liangzhu City in October to bring visitors an AR + AI experience through its Rokid Glass 2.
Vesta Food Lab, a Chinese plant-based substitute startup has completed a new round of financing worth RMB 16 million (USD 2.3 million) led by Xuerong Biotech.
Bytedance has completed its acquisition of mathematical thinking platform NPY, which offers live-streaming and recorded video classes to kids aged 3 to 12 years old.
Chinese social e-commerce startup Nice Tuan announced its latest $80 million Series C2 round led by CDH Investments.
Welcome back to our series on Bytedance, maker of TikTok (and many other things!) and the most richly valued privately-held tech startup in the world.
Cooking-sharing app Home-Cooked has halted operations, indicating the downsides of sharing economy in today’s China.
HeyTea is partnering with the Shenzhen-based food technology company Starfield to offer more vegetarian food options to customers.
Inceptio Technology announced that it has completed $100 million in equity financing.
Vesta Food Lab, China’s first venture-capital-backed food tech startup focusing on plant-based food, is set to launch its local brand “HUICUI” and introduce their meatless spaghetti with Ramen Talk.