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 ...

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 ...

Transsion Holdings, long known as the “king of African phones,” built one of China’s most successful consumer-electronics export stories by dominating low-end handsets across emerging markets. Revenue ...

Moxin AI has completed a Series C+ financing of nearly 1 billion yuan. Participants included Renai Capital, Haitang Fund, Dongheng Petroleum and other domestic industrial investors, as well as Bhikshu ...

TMTPOST — Hangzhou Nuanxin Jia Electronic Technology has completed a Series C+ financing of 500 million yuan. The round was led by Gaorong Capital, with participation from PICC Equity, Monolith, ...

Consumer AI is caught between two clocks. On one clock, models keep posting better scores on code, long documents, and multi-step jobs. On the other, paying users hit rate limits sooner, meet ...

Embodied intelligence company RoboScience has completed a Series A2 financing of several hundred million yuan. The round was jointly led by Hupo Capital, Hongruida Investment and Shanghai ...

TMTPOST — Xinlian Power, a subsidiary of listed compound semiconductor maker Xinlian Integrated, has completed a Series C financing of nearly 2 billion yuan. The round was led by China Mobile’s Chain ...