Tesla’s plan to roll out its advanced driver-assistance package in China could face delays because of issues around mapping and data security, according to local media. Tesla has Chinese government support for trialling some self-driving features, but a launch is hindered by the fact that no full self-driving (FSD) systems have been approved for use … Read more
Chinese ride-hailing giant Didi Global on Wednesday said that both order volume and transaction value reached record highs during the three months through June. Orders in both China and overseas markets rose 17.4 per cent to nearly 3.9 billion, while gross transaction value (GTV) reached 96.3 billion yuan (US$13.5 billion), up 14.7 per cent from … Read more
WeRide – a Cayman Islands holding company whose operations are mainly conducted by Guangzhou Wenyuan Zhixing Technology and its subsidiaries in mainland China – did not provide the amount of money it aims to raise from the Nasdaq listing, according to its filing with the US Securities and Exchange Commission on Friday. The company, which … Read more
Chinese ride-hailing giant Didi Chuxing, whose New York initial public offering (IPO) in 2021 triggered a cybersecurity investigation by mainland authorities that led to its delisting and a $1.2 billion fine, said it has no specific timing for its plans to float shares in Hong Kong. “The company has been maintaining regular communications with investors … Read more
“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: Shutterstock Li pointed out that there were too many LLMs being introduced in mainland China, “but too … Read more
Alibaba, which owns the South China Morning Post, has cut its GoGoX stake four times over the past two months, slashing its equity holding to 8.89 per cent as of late December from 12.23 per cent in mid-2023, according to Hong Kong stock exchange records. Following those moves, the biggest shareholder of GoGoX remains billionaire … Read more
