Baidu's AI chip unit Kunlun reportedly closes new round of financing at $2 billion valuation
Baidu's AI chip unit Kunlun has completed a new round of financing at a valuation of $2 billion, Reuters said Monday, citing sources.
Bitcoin touches $60,000 for first time in history
Bitcoin touched $60,000 for the first time in history, rising about 6 percent in 24 hours. Bitcoin's price is now up about 1,400% from last March's low of about $4,000.
Xiaomi wins court ruling blocking ban on US investments in it
The judge argued that Xiaomi would likely reverse the ban altogether as the lawsuit unfolded, and issued a preliminary injunction to prevent Xiaomi from suffering "irreparable harm.
Huawei continues to lead China's wearables market with 22.3% share in Q4
Chinese tech giant Huawei continued to lead the Chinese wearables market with a 22.3 percent share in the fourth quarter, leaving behind Xiaomi and Apple.
WeChat for Mac update allows users to see their friends' status updates
WeChat has updated its latest version of WeChat for Mac on Friday, allowing users to see what their friends are posting from their mac computers.
Ant Group CEO Simon Hu to resign
Simon Hu, CEO of Ant Group, said in an internal email on March 12 that he will resign and will be in charge of Ant ecological social welfare-related projects in the future.
Hello Inc said to go public in US in Q2, raising $2 billion
Chinese bike-sharing giant Hello Inc, formerly known as Hellobike, is set to go public in the US in the second quarter, raising $2 billion, according to jiemian.com, which cited people familiar with the matter.
Tencent shares plunge over 4% amid reports it has become China's next target for increased regulation
Shares of Chinese social media and gaming giant Tencent Holdings plunged more than 4 percent in Hong Kong trading, amid reports by Bloomberg that the company has become the next target of China's increased regulation in the fintech sector.
JD.com Q4 revenue up 31% to $34.4 billion, beating expectations
JD.com's adjusted earnings per ADS for the fourth quarter were RMB 1.49, above Wall Street analyst estimates of RMB 1.24.
Major crypto exchanges' Weibo accounts blocked, that's not a good sign
The Weibo accounts of Huobi, OKEx, and Binance have all been blocked on Thursday, which could signal that cryptocurrency investors may have to start worrying that something bad may be about to happen next.