The company raised US$2 billion from investors including Meituan and China Mobile, taking the total to US$3.9 billion in the last six months.
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Beijing hits back at calls to curb China’s AI development
China to impose no-fly zone over Beijing after light aircraft crashed into city’s tallest tower
China dismisses AI slowdown calls and blasts ‘fearmongering’ from US tech leaders
Beijing launches drone buyback in crackdown after Citic Tower crash
China says AI CEOs’ call for a slowdown is ‘fear mongering’
Beijing hits back at Anthropic CEO’s call to curb China’s AI development
Explainer-How China Is Preparing for the Risk of AI Escaping Human Control
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Kimi developer Moonshot AI valued at US$20b as it navigates China’s new IPO rules
China announces suspended death sentences for former defence ministers
The announcement follows recent ousting of several top officials in China’s military.
Moonshot AI’s $20bn valuation seals one of China’s fastest AI funding trajectories
Moonshot AI, the Beijing-based maker of the Kimi chatbot, is closing a $2bn funding round at a post-money valuation above $20bn.
China Tightens Financial Tap on Iran Oil Trade Ahead of Trump-Xi Talks
China is quietly pulling back where it matters most: money. Regulators have told the country’s biggest banks to halt new lending to five refiners hit by fresh US sanctions over Iranian oil links, …
China’s Top 3 Private Label Skincare Manufacturers in 2026: Pioneering Global Beauty OEM Innovation & Quality Standards
Advanced GMP-Certified Skincare OEM Solutions Empowering Global Beauty Brands CALIFORNIA, CA, UNITED STATES, May 7, …
Falling sales to widen profit gap between China’s EV makers and battery suppliers
Carmakers’ profit margin stood at 3.2 per cent in the first quarter, versus 6 per cent for downstream industrial firms, according to CPCA.
Trump to visit Beijing as China shrugs off trade threats
President Donald Trump will visit Beijing in mid-May for talks with President Xi Jinping amid renewed trade tensions and a widening rift over electric vehicle technology. Chinese exporters say they …
China says ties with US remain stable ahead of Trump visit despite ‘disruptions’
China’s top diplomat says ties with the U.S. remain generally stable despite many challenges. He calls for both countries to contribute to global peace.
Taiwan firm with mainland branches fires nephew of Taipei minister invoking ire in Beijing
Long Time Technology Co requires employees to ‘stay away from any political behaviour that undermines peace and stability’: statement.
China Reportedly Tells Banks To Pause Loans To U.S.-Sanctioned Refiners
The guidance, issued verbally by financial regulators, applies to new yuan-denominated lending and does not affect existing credit lines.
Visiting US senators meet China’s foreign minister in Beijing
China’s top diplomat on Thursday met with a US senate delegation visiting Beijing before President Donald Trumps’ trip to the country. (AP video shot by: Olivia Zhang) …
Humanoid robots to drive next leg of China export dominance
China’s early lead in humanoid robots will help power the next phase of its global manufacturing and export dominance, according to new research from Morgan Stanley.
Korea, China business leaders urge closer economic cooperation in strategic industries
South Korean and Chinese business leaders discussed ways to strengthen cooperation in strategic industries such as artificial intelligence, semiconductors and b …
