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 more than US$1 billion – in 2023, trailing only … 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
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 to the media. A report by Bloomberg on Tuesday said … Read more
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 mobile games that have become available on the visionOS … Read more
“Tech for Good is one of Tencent’s missions and visions, and League of Legends is adhering to this to make the world warmer,” said Su, adding that the title developed by US subsidiary Riot Games has contributed to more than 10 philanthropic projects covering environmental protection and medical service improvements over the past decade. ByteDance … Read more
China’s video game industry achieved double-digit growth this year after a small decline in 2022, but overseas revenue fell, according to the country’s semi-official gaming industry association. China’s video game sales increased 14 per cent this year to 303 billion yuan (US$42.7 billion), marking the highest yearly sales since the data became available in 2003, … Read more
