Tech

NeuraMatrix, incubated by Tsinghua University, was founded in November 2019. It has a team of about 50 people, mainly R&D and product engineers.

Baidu's AI chip unit Kunlun has completed a new round of financing at a valuation of $2 billion, Reuters said Monday, citing sources.

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.

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.

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.

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.

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.

Chinese chipmaker Loongson recently said that Loongson 3A5000 and 3C5000 made with 12nm process will be launched soon.

"In fact, not only has demand not decreased, but sales of iPhone 12 and iPhone 12 pro have been better than expected."

The working group is scheduled to meet twice a year to share updates on technology and trade restriction policies between the two countries.