Video generation startup Sand.ai has completed a $200 million Series A+ financing round. The round was jointly led by Keystone Capital and Wangsu Science & Technology. Participants included Shidai ...

This year the prop was “tokens.” In the livestream room of Li Jiaqi—one of China’s best-known live-commerce hosts, whose sales segments can move enormous volumes in minutes—a Qwen Office trial ...

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 ...

TMTPOST — Juqiao Industrial has completed a Series A financing of 100 million yuan led by Ant Group, according to Duowei Capital. Existing shareholders Lingyi Venture Capital, Weihai Gangrong and ...

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 ...

The same public accounts also show how hard the math can be: a year of rapid volume with negative gross margin and a wide net loss is a reminder that tokens are not a free cash machine. Below both ...

Sumitomo Mitsui Banking Corporation has signed a memorandum of understanding with Ant International to cooperate on cross-border payments and mutual business expansion, focusing on Japan, Singapore ...

TMTPOST — Shenzhen Ruide Pharmaceutical has completed a first-round financing of nearly 100 million yuan, according to HLC. The round was jointly led by HLC and Qianhai Ark, with Shenzhen SME ...

Shoppers are testing AI chat for product shortlists while platforms weave assistants into the path to checkout. The technology fits messy retail decisions. Control of the first question—and trust in ...

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.