Fund Raising
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AI firm ModelBest raises multi-million yuan round led by China Telecom
China Telecom will leverage its strengths in cloud computing and computing power networks to engage in deep business collaboration with ModelBest.
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Chinese AI startup StepFun reportedly plans Hong Kong IPO, potentially raising up to $500 million
With capital markets showing strong demand for China's AI boom, StepFun could list as early as this year.
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Chinese robotics maker AI² Robotics completes Series B funding in a show of investor enthusiasm for humanoid robotics market
AI² Robotics has completed 12 funding raises over the past year, with its valuation officially surpassing RMB 10 billion.
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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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SenseTime closes Pre-IPO round, taking its valuation to $12 billion
SoftBank's investment in SenseTime has doubled on its books.
