WeRide, a $5 billion software maker, is set for an I.P.O. amid geopolitical risks and a rush by Chinese automotive tech firms to raise money in the United States.
BUSINESS
Decentralized AI network Sahara raises fresh capital in Samsung NEXT-backed round
Sahara AI, a startup integrating the blockchain and artificial intelligence, said on Wednesday it raised $43 million in a funding round led by venture capital investors Pantera Capital, Binance Labs …
China’s economy fails to pick up after worst stretch in five quarters
China’s economic malaise extended into the third quarter, drawing renewed attention to the need for more fiscal stimulus as domestic demand falters under a prolonged housing downturn.
Foreign brands face low demand in China
The enthusiasm for foreign brands among Chinese consumers is diminishing, with increasing domestic competition further complicating the
Through The Looking Glass: AI Lessons From The Web3 Boom,Bust And Boom
With over $184 billion of opportunity in the US alone, AI is growing. But what lessons can AI leaders like Nvidia, IBM, Google, AWS, and others learn from blockchain.
EACO: A Founder Led, Lesser-Known, And Expanding Electronic Components Business
EACO Corporation is a hidden gem in the tech distribution sector, with strong growth potential and founder-led leadership. Read more on EACO stock here.
China to impose export controls on strategic metal antimony from Sept. 15
China’s commerce ministry said on Thursday that it would impose export controls on antimony and other elements, in the name of protecting national interests and security, effective from Sept. 15.
China rules on AI and Vietnam draws chip designers
Vietnam is becoming a new chip hub in Asia, not for manufacturing but for R&D, thanks to its affordable, quality talent pool. Companies from the US, Taiwan and South Korea are racing to build research…
Over 80% of counterfeit goods in H1 came from China: Customs
The Korea Customs Service has reported that $68.6 million in counterfeit goods were seized from January to June, 83.6 percent of which came from China.
CapitaLand Investment secures RMB1.2 billion first close of onshore fund to invest in business parks in China
Recapitalises Ascendas iHub Suzhou by divesting it as a seed asset to the new fund in line with CLI’s disciplined capital management Singapore …
A Chinese Autonomous Driving Start-Up Is About to Go Public in the U.S.
WeRide, a $5 billion software maker, is set for an I.P.O. amid geopolitical risks and a rush by Chinese automotive tech firms to raise money in the United States.
China’s economic recovery dragged down by property slump and weak consumption in July
A continued property crisis and weak consumption dragged on China’s economic recovery in July, according to data released by the National Bureau of Statistics …
China boosts crude oil stockpiles in July amid weak refining: Russell
Even though its imports of crude oil fell to the lowest in almost two years in July, China continued to boost stockpiles in July as refinery throughput fell for a fourth month.
