Compute-in-memory AI chip company Houmo Intelligent has completed a Series B financing of tens of billions of yuan, according to multiple reports citing informed sources. Investors included upstream ...

TMTPOST — Shanghai Zhudong Technology has completed an Angel+ financing of 464 million yuan. The round was jointly led by Gaorong Capital, SDIC Pioneer and Shanghai Science & Technology Venture ...

Kuaishou has closed a large capital injection into its AI video unit Kling at a post-money valuation above the parent’s Hong Kong market value. Tencent, Alibaba Cloud, and Baidu all took small stakes.

China’s large internet groups spent the first phase of the generative-AI boom adding chat boxes and side features to products they already owned. They are spend ...

TMTPOST — Changzhou Boyi Technology Group has completed B1 and B2 financing rounds totaling nearly 100 million yuan. The B1 round was exclusively invested by Huada Songhe. The B2 round was led by ...