Tag: china
Chinese facial recognition unicorn Megvii prepares China IPO
Megvii, one of China’s largest facial recognition startups, is gearing up for an initial public offering in Shanghai. The company is working with CITIC Securities to prepare for its planned listing, according to an announcement posted by the China Securities Regulatory Commission on Tuesday. The move came more than a…
Read More
China’s Baidu is building an EV with help from Polestar’s parent company
Baidu has already developed autonomous vehicle tech, but now plans to produce electric vehicles in partnership with Geely, the Chinese automaker that owns Volvo and Polestar, according to MSNBC. The idea is that Geely will design and manufacture the… Source
Read More
Vision Fund backs Chinese fitness app Keep in $360 million round
As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes, health-conscious snacks among other things, it’s bringing in new investors to fund its ambitions. On Monday, Keep said it has recently closed a Series F financing round of $360 million led by SoftBank Vision Fund.…
Read More
China’s search giant Baidu to set up an EV making venture
China’s search giant Baidu is extending its car ambitions from mere software to production. The company said Monday that it will set up a company to produce electric vehicles with the help of Chinese automaker Geely. Baidu, a dominant player in China’s internet search market for the last decade or…
Read More
Tencent investment stays on game in 2020
It’s no secret that Tencent, the Chinese tech giant behind WeChat and a handful of blockbuster video games, is an aggressive investor. Even during 2020 when the pandemic slowed down economic activity in many parts of the world, Tencent was charging ahead with its investment ambitions. During the year, the…
Read More
California vegan egg startup Eat Just yokes itself to China’s fast food chain
Eat Just, a food startup from San Francisco making chicken-less eggs, has ambitions to crack the Chinese market where consumer appetite for plant-based food is growing and other Western vegan substitute brands like Beyond became available in recent quarters. The startup said this week it will be suppling to fast-food…
Read More