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HongShan

Former Huawei ‘Genius Youth’ recruit launches humanoid robots to rival Tesla’s Optimus

by Anas Siddiqui
Former Huawei ‘Genius Youth’ recruit launches humanoid robots to rival Tesla’s Optimus

“We have made some breakthroughs … in product research and development in the past year, and we’re now at the forefront of the industry,” 31-year-old Peng declared at the online …

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AI start-up HeyGen raises US$60 million after pivoting away from mainland China investors

by Anas Siddiqui
AI start-up HeyGen raises US million after pivoting away from mainland China investors

Generative artificial intelligence (AI) start-up HeyGen has raised US$60 million in its series A funding round, months after dissolving its mainland Chinese operation amid heightened tensions between Washington and Beijing. …

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Shein’s London IPO plan in regulatory limbo as investors grow jittery, sources say

by Walter Watson
Shein’s London IPO plan in regulatory limbo as investors grow jittery, sources say

The concerns of shareholders adds to the challenges Shein has faced while searching for a place to host its public debut. More troublesome for the online retailer is the regulatory …

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China’s venture capital ‘godfather’ Neil Shen exits board of food delivery giant Meituan

by Anas Siddiqui
China’s venture capital ‘godfather’ Neil Shen exits board of food delivery giant Meituan

Shen, 56, retired from that role owing to “other business commitments”, and there is no disagreement between him and the Beijing-based company’s board, according to Meituan’s filing to the Hong …

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Tencent-backed QuantumPharm on track to become Hong Kong’s second-biggest IPO of the year

by Anas Siddiqui
Tencent-backed QuantumPharm on track to become Hong Kong’s second-biggest IPO of the year

QuantumPharm received about HK$4.3 billion of orders based on 12 major brokers’ margin lending to clients for the retail tranche of its IPO when the books closed at noon on …

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Why China-founded online fast-fashion retailer Shein is looking to go public in London

by Anas Siddiqui
Why China-founded online fast-fashion retailer Shein is looking to go public in London

People shop at online fast-fashion retailer Shein’s pop-up store in Ottawa, Ontario, Canada, on May 18, 2024. Photo: Reuters The pressure comes from these investors’ hopes of cashing out, according …

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Alibaba-backed Moonshot AI claims breakthrough in expanded Chinese-character prompt for Kimi chatbot

by Anas Siddiqui
Alibaba-backed Moonshot AI claims breakthrough in expanded Chinese-character prompt for Kimi chatbot

Chinese artificial intelligence company Moonshot AI claims that its Kimi chatbot can now handle up to 2 million Chinese characters in a single prompt – the instruction or query a …

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Chinese start-up Moonshot AI raises US$1 billion in funding round led by Alibaba and VC HongShan amid strong interest for OpenAI-type firms

by Ron Morgan
Chinese start-up Moonshot AI raises US billion in funding round led by Alibaba and VC HongShan amid strong interest for OpenAI-type firms

The start-up in October launched smart chatbot Kimi Chat, built on its self-developed Moonshot large language model (LLM), which can process as many as 200,000 Chinese characters in a context …

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