ByteDance, whose short video hit TikTok is under pressure to exit the US market, said Philippe Laffont, founder of New York-based Coatue Management, has exited the company’s board of directors, replaced by French businessman Xavier Niel. The Chinese company’s official website currently lists four other board members: CEO and chairman Liang Rubo, Susquehanna International Group … Read more
“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 video launch of the company’s new-generation humanoid robots. Backed by venture capital firm HongShan, Agibot on Sunday introduced five models of wheeled and biped humanoid … Read more
A leading Chinese chip design software start-up is slashing as much as half of its workforce, casting a shadow over Beijing’s efforts to achieve tech self-sufficiency, according to three people familiar with the matter. X-Epic, established in 2020 with a mission to develop indigenous electronic design automation (EDA) tools to break the monopoly of US … Read more
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 vacuum it finds itself in owing to its Chinese origins and operations, said a person who is familiar with the procedures for companies to conduct … Read more
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 Kong stock exchange on June 14. Known as China’s venture capital “godfather” for his investments in some of the country’s most successful internet companies, Shen … Read more
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 user enters into the interface of a ChatGPT-like service – to surpass the capabilities of existing home-grown AI tools. The Beijing-based start-up, known in Chinese … Read more
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 window – referring to the swathe of text that an AI model can process during conversation with users. A screenshot of smart chatbot Kimi Chat. … Read more
