article thumbnail

Chinese AI startup Zhipu secures over $140 million in new strategic funding

TechNode

Chinese AI startup Zhipu announced today that it has raised over RMB 1 billion ($140 million) in a new strategic funding round. Investors include Hangzhou government-backed firms, with the funds aimed at advancing Zhipus domestically developed GLM foundation model and expanding its AI ecosystem. million) in funding on Dec.

Fund 103
article thumbnail

Cybersecurity Professor Faced China-Funding Inquiry Before Disappearing, Sources Say

Wired

A lawyer for Xiaofeng Wang and his wife says they are safe after FBI searches of their homes and Wangs sudden dismissal from Indiana University, where he taught for over 20 years.

Indiana 144
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

African fintech OPay valued at $2B in SoftBank Vision Fund 2-led $400M funding

TechCrunch

Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. The new financing also comes two years after OPay announced two funding rounds in 2019 — $50 million in June and a $120 million Series B in November.

Fund 139
article thumbnail

The fate of US venture capital in China teeters on uncertainty

TechCrunch

Since China reopened its border this spring after three years of COVID-19 restrictions, managers of U.S. funds in the country have been flocking to the Bay Area. […] © 2023 TechCrunch. All rights reserved. For personal use only.

China 123
article thumbnail

Chinese autonomous driving startup WeRide bags $200M in funding

TechCrunch

WeRide, one of China’s most-funded startups developing autonomous driving capabilities, said on Wednesday that it has raised a $200 million strategic round from Chinese bus maker Yutong. Autonomous driving startups in China are racing to showcase their progress, in part to attract funding for their cash-bleeding businesses.

Fund 124
article thumbnail

BEYOND Expo 2025: SECURE FUNDING IN AS FAST AS 60 SECONDS? JOIN FUND AT FIRST PITCH (FAFP) AT BEYOND EXPO 2025!

TechNode

Fund at First Pitch (FAFP) isnt just another pitch sessionits a high-speed, high-impact opportunity to land funding in record time. Get the exposure you need, stand out from the crowd, and turn funding from a dream into reality! Why wait months for funding when you can secure investor interest in just minutes?

Fund 59
article thumbnail

US government warns Nvidia against circumventing China export restriction by redesigning chips

TechSpot

Speaking at the Reagan National Defense Forum in Simi Valley, California, on Saturday (via BNN Bloomberg), Raimondo said her department needed more funding to address China's "rapidly growing" semiconductor markets to deny the country the most cutting-edge technology from the US. Read Entire Article

China 120