Deals
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Humanoid robot maker Agibot teams up with CUHK for AI research and talent
Agibot and the Chinese University of Hong Kong are jointly establishing an industry-academia-research platform.
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ByteDance sells gaming studio Moonton to Saudi's Savvy for over $6 billion
Saudi's Savvy Games Group has agreed to acquire ByteDance's gaming studio Moonton for more than $6 billion.
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ByteDance's valuation reportedly soared to $550 billion in proposed equity sale
This represents a 66% surge from the company's valuation of about $330 billion during last year's employee stock buyback.
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Moonshot nears completion of new funding round, valuation surpasses $10 billion
Moonshot's latest two funding rounds collectively exceeded $1.2 billion, setting a new single-round financing record in China's AI large-model space over the past year.
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Xiaomi to acquire all remaining 50.9% stake in power bank maker Zimi
Xiaomi Group will acquire 50.09% of Zimi International Corp for US$205 million, making the popular power bank maker its wholly-owned subsidiary.
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Huawei launches back to school promotion in China
Huawei has launched back to school promotion in China where qualified teachers and students can enjoy exclusive discounts when purchasing designated products at Huawei Mall.
