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As the trade war between China and the US rages on, the Chinese government is doing everything in its power to prop up the local tech industry. Flagship chinese companies like Huawei no longer get access to American silicon or the software required for their products.
Investors include Hangzhou government-backed firms, with the funds aimed at advancing Zhipus domestically developed GLM foundation model and expanding its AI ecosystem. It also marks the first funding round this year among China’s so-called “ six AI tigers ,” a group of emerging large-model startups. 17, 2024.
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. China postpones Ant’s colossal IPO after closed-door talk with Jack Ma.
China is on a quest for "technological self-sufficiency," and the trade war with the US has only accelerated that process. China is capable of covering over 20 percent of the chips needed in the local industry, but the government plans to increase that number to 70 percent by 2025.
According to the Wall Street Journal, a US Commerce Department official recently said the government will continue allowing certain chip makers to expand their operations in China. The act could weaken US efforts to restrain its economic rival's growth in the chip industry. Read Entire Article
China has restricted the use of Teslas for military personnel, government agencies, and employees of "state-owned enterprises in sensitive industries" after deeming the EVs a national security concern due to their built-in cameras and sensors that Tesla could use for spying.
Rumors that the US was set to further tighten export restrictions on AI accelerators to China proved accurate last week when the Department Bureau of Industry and Security updated the rules. Restrictions on communication speeds, limited to a bidirectional transfer rate of 600 GB/s, were removed; instead, priority was given.
The Chinese government’s crackdown on its domestic technology industry continues, with Tencent under fresh pressure despite the company’s efforts to follow changing regulatory expectations. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday. Gaming is also in the CCP crosshairs.
The plan to create the robots was set out in a blueprint document published last week by China's Ministry of Industry and Information Technology (MIIT). The government wants to aid more fledgling companies in the field, set industry standards, develop talent and deepen international cooperation, reports Bloomberg, with the goal.
Nvidia's share price took a tumble yesterday following a report that the US government is considering tightening its export controls on AI chips to China as a way to prevent them being used for military applications. Read Entire Article
The Commerce Department writes that the export of cybersecurity items to countries of national security or weapons of mass destruction concern will require a license from the department’s Bureau of Industry and Security (BIS). Countries subject to a US arms embargo and those deemed by the US to have a.
For a while now, the industry has wondered as to when Chinese manufacturers will become serious players in the global memory industry, especially DRAM. While still small at 5%, Chinas share of the global memory chip market is growing, and market leaders SK Hynix, Samsung, and Micron should be worried. trillion won.
Google, Facebook, and Twitter are pausing the processing of data requests from the Hong Kong government as they review a new security law that went into effect on July 1st. Twitter also halted its handling of government requests as of July 1st, with Facebook announcing its pause on Monday, The New York Times reported.
According to new rumors coming from Washington, the US Government is ready to further increase its pressure on China's high-tech industry. The US Commerce Department is seemingly preparing new, high-profile additions to its infamous Entity List, making the companies involved unable to obtain US-made technology and components.
It’s been a tumultuous few years, but China’s manufacturing industry is now on the rebound. Once an industry characterized by low-end manufacturing and intensive labor, it has transformed into a high-end manufacturing hub aided by technology. Compounding the surge is the drive to upgrade China’sindustrial structure.
Despite the Chinese government's obvious dislike of crypto, the country has long been responsible for the majority of the global bitcoin hash rate—partly because of its cheaper electricity—taking a 75% share in September 2019. But this year has seen China push down harder on the industry than ever before: a.
IPO is one of several key moments of the recent regulatory shift inside China regarding its leading technology companies. The other is Ant’s IPO that never happened , pulled in the wake of criticisms of the Chinese government’s handling of newer technologies by the previously prominent Alibaba founder Jack Ma.
The initiative has been drafted by a coalition of eight government agencies, including key players such as the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the China National Intellectual Property Administration. Read Entire Article
Following news this week that the US could tighten its sanctions on tech exports to China, the Department Bureau of Industry and Security (BIS) has now updated its list of export controls on semiconductor manufacturing items and advanced chips. Read Entire Article
SCMP reports that China on Saturday told livestreaming platforms to step up governance on how under-18s use their services. The news comes just weeks after reports revealed the country was preparing to slam its $30 billion livestreaming industry with new regulations. Last month, it launched a new campaign to clean.
With TikTok and DeepSeek , young people are forking over sensitive personal data to the Chinese government. Among Gen Z, theres a certain nihilism about Chinas access to American data. Others say that, if American billionaires can access their data, why not let China, too? government. government.
The funding round will go toward improving esports products and its ecosystem in China and across Asia. This Series B funding round comes four years after VSPN’s 2016 Series A funding round, which was led by Focus Media Network, joined by China Jianteng Sports Industry Fund, Guangdian Capital and Averest Capital.
Shenzhen-based UBTECH said it is the industry’s first research-grade humanoid robot under RMB 300,000, and deliveries are expected to start in the second quarter. As China pushes for leadership in robotics, this launch strengthens its position in the global humanoid robotics race.
billion ($386 million) cash infusion from two investment firms controlled by the local governments of eastern Chinas Anhui province and its capital city Hefei, where the Chinese electric vehicle maker operates its manufacturing plants, according to public information. a China-based subsidiary of Nio Inc., increased from RMB 16.4
SOSV this morning announced work on a $50 million HAX facility in Newark, New Jersey focused on growing industrial, healthcare and climate startups. Since 2015, HAX started investing in more industrial & health startups and today make up 90% of our new investments,” HAX partner Garrett Winther told TechCrunch.
POGOs, short for Philippine Offshore Gaming Operators, are companies licensed by the government to run online gambling sites for overseas players, especially in mainland China where such activities are illegal. While the POGO business has generated billions in tax revenue, it's also been a hotbed of illicit activity.
China’s autonomous vehicle industry first started seeing some traction around 2016, when a bunch of ambitious startups mushroomed following advances in lidar, computing and machine learning. Regardless, these founders’ ambitions kept them on the path, and the industry is finally seeing a resurgence in China.
But Nio also recently finalized a crucially-timed $1 billion bailout from a local government in China, and the price the company had to pay to survive is becoming increasingly apparent. Nio has committed its “core assets” to this new China-only subsidiary. And the final backstop is the government,” Dunne says.
Silk EV announced on Tuesday that it will co-develop an “ultra-luxury hypercar” called the S9 in the home region of Lamborghini and Ferrari with First Automobile Works (FAW), China’s original state-owned automaker. And in some places, like Djibouti, China is attempting to do nearly all of the above.
Co-hosted by the Netherlands and South Korea last week at The Hague, the REAIM conference was attended by representatives from over 60 countries, including China. Ministers, government delegates, think tanks, and industry/civil organizations participated in the talks. Read Entire Article
The round was led by Sequoia Capital China, with participation from Hillhouse Capital and Shunwei Capital. In addition to 352 cities in mainland China, Lalamove also operates in Hong Kong (where it launched), Taiwan, Vietnam, Indonesia, Malaysia, Singapore, the Philippines and Thailand. All three are returning investors.
In the past few weeks, we have witnessed a surge of third-party platforms integrating DeepSeek, a powerful new AI model that is swiftly reshaping the landscape of artificial intelligence in China. Is this the moment when AI in China, particularly Chinese-language AI, finally steps into the spotlight?
AutoX, a four-year-old startup backed by Alibaba, MediaTek and Shanghai Motors, is deploying a fleet of 25 unmanned vehicles in downtown Shenzhen, marking the first time any autonomous driving car in China tests on public roads without safety drivers or remote operators. “We have obtained support from the local government.
As China looks to reignite growth, what role will its technology industry play? Is there enough capital flowing to support a new generation of tech startups that could keep China competitive? Other factors played into China’s slowing economic growth. Can China’s venture capital market help it reignite growth?
Toyotas first wholly-owned electric Lexus plant in China could be larger than Teslas Shanghai Gigafactory, according to since-deleted publicly available documents shared by a Chinese blogger, revealing significant details on the latest investment in China by the worlds biggest automaker.
The Chinese government took on entire industries like edtech while also coming down on individual companies (Tencent, Meituan) in a broad effort to change the country’s technology landscape. The NASDAQ Golden Dragon China Index , for example, which tracks U.S.-listed The sum of the financial damage is easy to understand.
Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years. China’s e-commerce and industrial ecosystem is as different from the Western world as its culture. China is also home to one of the world’s largest e-commerce and tech ecosystems. Finding a bigger wave to ride.
I say series of events because virtually every region in the semiconductor ecosystem gets one Semicon China, Semicon Europa, Semicon India, Semicon SEA, Semicon Japan, Semicon Korea, Semicon West (USA), and of course Semicon Taiwan, all throughout the year. I have been attending Semicon China and Semicon Taiwan for several years.
This is an interesting day when we see two of China’s major robotaxi foes come together, offering a clue to how the industry is evolving in the country. As autonomous driving technology and regulations advance rapidly in China, ride-hailing platforms start looking for solutions to cut labor costs.
Lilium, a German aviation firm backed by Chinese tech giant Tencent, said on Monday it has established its regional headquarters in Chinas southern city of Shenzhen as part of a collaboration agreement with the government of the citys Baoan district.
As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. In November, Nvidia replaced Intel on the Dow Jones Industrial Average.
The CSIA announcement argued that the arbitrary nature of US sanctions against China has caused global supply chain disruptions and increased operational costs for both Chinese and American companies. CSIA announcement, in Chinese ]
As of November, a total of 224 models had their prices slashed by automakers this year in China, compared with 150 and 95 models for the full years of 2023 and 2022, respectively, said Cui Dongshu, secretary-general of the China Passenger Car Association (CPCA). and 7.3%, Cui said on his personal WeChat account.
On Wednesday, Chinas Minister of Industry and Information Technology Jin Zhuanglong met with Apple CEO Tim Cook in Beijing, where they exchanged views on Apples development in China, network data security management, and cloud services, according to a post by the government body on the Chinese social platform WeChat.
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