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10 Apr China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says

Posted at 10:30h in Asia

China last year bred an average of one new unicorn each week amid frenzied growth in the country’s artificial intelligence (AI) sector, bucking a declining trend in global venture capital investments, according to a new research report.The nation added 56 unicorns – start-ups valued at...

07 Mar Chinese venture capitalist Allen Zhu steers clear of mainland tech firms’ AI large language model frenzy

Posted at 13:30h in Asia

“I believe in applications and those that can commercialise immediately,” said Zhu, who indicated that he did not invest in any LLM-focused company on the mainland last year.Sample code for an artificial intelligence large language model. Photo: ShutterstockLi pointed out that there were too many...

06 Mar Alibaba said to lead new financing round for Chinese AI firm MiniMax that would value the start-up at over US$2 billion

Posted at 00:00h in Asia

Shanghai-based MiniMax, which was founded in 2021, is in the process of raising new funding that would value the company at more than US$2 billion, another investor with knowledge of the matter said. The two investors requested anonymity because they are not authorised to speak...

05 Feb Alibaba’s DingTalk, miHoYo’s Honkai: Star Rail among Chinese apps launching on Apple Vision Pro headset

Posted at 10:01h in Asia

DingTalk, the work collaboration platform run by Chinese e-commerce giant Alibaba Group Holding, has launched a native app for Apple’s newly released Vision Pro headset, allowing users to send messages and hold video meetings in a three-dimensional virtual environment.DingTalk is among hundreds of apps and...

13 Jan China’s video gaming market ended 2023 battered and bruised, but can world-beating titles and innovation save the day?

Posted at 04:00h in Asia

The total number of video game players in China has been peaking.By the end of 2023 there were 668 million gamers in China, a tiny increase from the 666 million at the end of 2022. They jointly spent 303 billion yuan (US$42 billion) on games,...

miHoYo Tag

10 Apr China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says

07 Mar Chinese venture capitalist Allen Zhu steers clear of mainland tech firms’ AI large language model frenzy

05 Feb Alibaba’s DingTalk, miHoYo’s Honkai: Star Rail among Chinese apps launching on Apple Vision Pro headset

13 Jan China’s video gaming market ended 2023 battered and bruised, but can world-beating titles and innovation save the day?

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