Moonshot AI, a Chinese AI startup, has clinched a staggering sum of over $1 billion in its Series B funding round for the development of large language models (LLMs). The financial injection, led by e-commerce titan Alibaba and venture capital HongShan, drives Moonshot AI’s valuation to an impressive $2.5 billion.  HongShan, the Chinese counterpart of […]

Baichuan, a Chinese AI startup, has successfully secured $300 million in financing, with Alibaba Group Holding Ltd., Tencent Holdings Ltd., and Xiaomi Corp. leading the investment.  This funding round is said to be a prominent investment in the Chinese AI industry, as startups like Baichuan plan to capitalize on the growing demand for ChatGPT-like services. […]

Alibaba has infused an additional sum of USD 845.44 million into Lazada, as reported in a filing by Tech in Asia. The funding is expected to help Lazada support local merchants, equipping them to navigate the intensifying rivalry in the local market.  As per calculations, this latest funding brings the Chinese tech giant’s total investment […]

Adicon, a Chinese diagnostic laboratory company, has announced its plan to raise approximately $52.29 million through a global offering in its upcoming Hong Kong listing. As part of its upcoming Hong Kong listing, the company intends to issue 33.2 million shares, priced at HK$12.32 per share. The global offering will include about 10% of the […]

Zhang Yiming, the co-founder of ByteDance, the parent company of the popular social media platform TikTok, has established a new private investment fund in Hong Kong. The fund, known as Cool River Venture, will primarily focus on investing in technology-related industries. This move comes as Zhang has maintained a low profile since stepping down from […]

Peter Mao is a noted venture capitalist in the Chinese startup ecosystem. Peter has backed and mentored some of the most well-known and successful technology startups. He is a recipient of several prestigious awards. In 2015, Peter Mao co-founded Panda Capital with 3 other uprising star investors Adam Li, Tony Liang and Ryan Li in China. […]

Tina Cheng, managing partner of Taiwan based Cherubic Ventures has made a mark in the field of venture capital in a very short span of time. She has extensive work experience in the technology and education sector. Ms. Cheng has worked with Yahoo, Trianz Consulting, Cisco, and Ogilvy & Mather before setting up Cherubic Ventures […]

The Asia Pacific region has gained attention from venture capitalists and investors over the last few years. As a result, there has been a sudden boom in the startup ecosystem in Asian countries. The best cities for startups in Asia have world-class infrastructure, robust economy, political stability, sound investor-friendly economic policies, rich human capital, and […]

 The Southeast Asian smart retail startup, Blue Mobile was founded in Shenzhen in the year 2014. The vending machine platform offers excellent services to customers, and it has subsidiary companies in many countries. Ever since the establishment of the company, Blue Mobile has exhibited a lot of major advancements. Moreover, the smart retail startup is […]

Bike-sharing has become one of China’s hottest industries. It has been considered as one of the greatest modern-age inventions as it not only promotes a healthy lifestyle but also aims to achieve more sustainable urban transport system. It has the potential to reduce air pollution and greenhouse gas emissions effect significantly. One of the leading […]