Backed by Chinese carmaker Great Wall, Haomo raises $14M for autonomous driving tech

[ad_1] After a few years of funding frenzy, autonomous driving companies in China are experiencing a slowdown in investment. Some companies are still hauling in capital, though the era of…

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Tencent’s gaming cash cow Honor of Kings sets sights on MENA

[ad_1] Honor of Kings, Tencent’s massively popular mobile game, has its eye set on the international market in 2024. Starting on February 21, the multiplayer online battle arena (MOBA) game…

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China’s generative video race heats up

[ad_1] On Monday, Tencent, the Chinese internet giant known for its video gaming empire and chat app WeChat, unveiled a new version of its open source video generation model DynamiCrafter…

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Despite global frenzy, investor enthusiasm in China’s AI startups wanes

[ad_1] In 2023, the global frenzy around artificial intelligence, fueled by the advent of ChatGPT, swept across the world. In China, where OpenAI’s chatbot is unavailable, startups and tech incumbents…

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Your robotaxi ride in China is monitored – with video and audio recordings

[ad_1] When it comes to spurring the development of cutting-edge technologies, the Chinese government is rather pragmatic in its policymaking process. In the field of autonomous driving, the country has…

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China’s WeRide tests autonomous buses in Singapore, accelerates global ambition

[ad_1] After years of aggressive expansion at home, China’s autonomous vehicle upstarts are now setting their gaze on overseas markets. WeRide, in particular, has been on a licensing spree. On…

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Vancouver’s Fantuan raises $40M to deliver real Chinese food at your doorstep

[ad_1] For those who move abroad from China, one thing they miss dearly is the convenience of food delivery apps. Fantuan, a Vancouver-based company, has been working on replicating the…

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After two ambitious years, TikTok parent ByteDance starts mass layoffs in gaming

[ad_1] ByteDance’s gaming ambition has been an expensive, short-lived pursuit. In late 2021, the TikTok parent’s plans for video games came into the spotlight after it became one of the…

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US chip export ban is hurting China’s AI startups, not so much the giants yet

[ad_1] Well before Washington banned Nvidia’s exports of high-performance graphic processing units to China, the country’s tech giants had been hoarding them in anticipation of an escalating tech war between…

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SEC subpoenas PayPal over its USD-pegged stablecoin

[ad_1] Just three months after PayPal entered the fray to bring stablecoins to the masses, it’s attracting attention from U.S. regulators. The payments giant said Thursday that it had received…

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