How Nvidia Pivoted From Graphics Card Maker to AI Chip Giant
A decade ago, Nvidia was a major graphics card maker, vying with competitors like AMD and Intel for dominance. Now it’s an AI giant with 70% to 95% of the …
Sequoia Capital
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 …
China is rolling out the red carpet for venture capital in tech – and foreign funds are welcome
China plans to roll out new measures to coax venture capital (VC) – including funds based overseas – into the country’s technology sector, according to a notice from the State …
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 …
Hong Kong-based Cidi looks to Middle East as growth market for autonomous commercial vehicles amid construction boom
Cidi, a Hong Kong-based unicorn that builds driverless commercial vehicles, is looking to expand in the Middle East based on growing demand for autonomous transport as countries like Saudi Arabia …
Tech venture capital firm GGV’s Asia business weighs a foray into private debt after split from US counterpart
The Asia partnership, which is led by Jenny Lee and Jixun Foo in Singapore, has been rebranded as Granite Asia. Its name comes from Granite Global Ventures, GGV’s original handle …
Electric vehicles: Chinese robot chargers start-up GGSN eyes investors, international expansion via new Hong Kong facilities
Deng is one of the key contributors to the drafting of China’s industry standards for EV battery charging. “We pay a lot of attention to the Hong Kong market, which …
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
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 …
China tech: five US venture capital firms invested over US$3 billion in mainland AI, semiconductors
SMIC is the mainland’s largest semiconductor foundry company and since 2020 has been on the US government’s Entity List, which bars it from buying tools from US suppliers without a …