Sources: Thrive and Capital Group visited China to study its AI scene, joining a wave of US investors rekindling interest in China after DeepSeek's advances
Lulu Yilun Chen / Bloomberg : X: @luluyilun X: Lulu Yilun Chen / @luluyilun : Scoop: Capital Group, Kushner's Thrive visited China to study AI scene, as US investors rekindle interest in the country ...
Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 279% to ~$1.7B, partly due to its equity investment gains; BABA drops 5%+
Crypto Sentiment Shifts Cissy Zhou / Nikkei Asia : Alibaba's Q1 revenue falls short as international e-commerce falters Bill McColl / Yahoo Finance : Alibaba Misses Forecasts on Chinese Consumer Slowd...
Sources: China decided to rein in Tencent after two scandals, including a secret WeChat project to use data to predict new Politburo standing committee members
Imagine for a second life before smartphones. Simple tasks—ordering takeout, staying in touch—become frustratingly difficult, never mind dealing with emergencies. Tweets: @sandyhendry , @hancocktom ,...
Chinese AI company SenseTime, blacklisted by Trump last year, saw its revenue surge 147% to $720M in 2019 and expects an 80% revenue growth in 2020
- World's largest AI startup SenseTime sees business boom — SenseTime is said to expect 80% revenue growth this year Tweets: @retogregori and @luluyilun Tweets: Reto Gregori / @retogregori : China'...
Sources: PlusAI, which develops self-driving trucks and is backed by Sequoia Capital, is close to raising ~$200M at a valuation of $1B+
Bloomberg : Tweets: @drboycewatkins1 and @luluyilun Tweets: Dr Boyce Watkins / @drboycewatkins1 : If you're into trucking, be mindful. This is coming down the pipeline https://www.bloomberg.com/... L...
A profile of Wang Xing, CEO of Meituan, which has 600K delivery people serving 400M customers a year in 2,800 Chinese cities and a market value of $36B
Bloomberg : Tweets: @venkatananth , @luluyilun , and @pelstrom . Thanks: @pelstrom Tweets: Venkat Ananth / @venkatananth : China's delivery armies have made it cheaper to order in than eat out. The s...
Tencent previews Xiaowei, an AI voice assistant for WeChat that will integrate with Tencent's own services and apps by third parties such as Meituan or Didi
@ritacyliao looks what comes next, including: - Deeper focus on mini programs, its take on an app store - Siri-like voice assistant - Serving older users (65M are aged over 55) http://techcrunch.com/....
Source: Meicai, an online marketplace in China for vegetables and more, has raised about $800M, led by Hillhouse Capital and Tiger Global, at a $7B valuation
Lulu Yilun Chen / Bloomberg : Tweets: @technology , @tekkamana , @jasonlk , and @luluyilun Tweets: @technology : A Chinese rocket scientist's startup that helps farmers sell vegetables to restaurants...
Tencent reports surprise 2% fall in Q2 net profit, its first decline in nearly 13 years, due to slower growth in mobile games and a drop in PC gaming
almost unheard of for China's tech titans — gaming engine stutters South China Morning Post : Tencent posts first profit decline since 2005 on lower gaming revenue, investment gains Lulu Yilun Chen / ...
Tencent is investing $150M a year in the $13B esports market and working with the NBA and Under Armour on revenue deals, as the gaming mania spreads in China
Bloomberg : Tweets: @luluyilun Tweets: Lulu Yilun Chen / @luluyilun : At least 10k esports teams exist across China, with top gamers boasting net worths of up to 10 m yuan & #Tencent investing at lea...