Startups - Asia Tech Wire

Startups

13:51

                            SoftBank Group: ARM's computing platform will provide outstanding performance, efficiency and scalability.
                        
13:50

                            SoftBank Group: Models under "CRISTAL INTELLIGENCE" will transform into independently working intelligent agents by 2025, capable of completing tasks autonomously for enterprises.
                        
13:19

                            SoftBank CEO Masayoshi Son: We signed the memorandum of understanding this morning.
                        
13:12

                            SoftBank CEO Masayoshi Son: We believe this project will have a significant impact on humanity in the future.
                        
13:12

                            SoftBank CEO Masayoshi Son: The "Stargate" project is no longer just a private enterprise activity, but has been elevated to a very important national strategic project.
                        
06:57

                            Japan’s SoftBank Group and Quantinuum have announced a “groundbreaking” partnership targeting practical applications of quantum computing.
                        
05:15

                            DeepSeek could be an extinction-level event for some venture capital firms
                        
09:00

                            SoftBank Group's stock price fell as much as 5.4%, the biggest drop since November 1.
                        
08:53

                            SoftBank Group shares fell 5.4%, the biggest drop since November 1
                        
                            SoftBank Group's shares fell 5.4%, the biggest drop since November 1.
                        
08:34

                            Japan's SoftBank Group's share price continued to fall, down nearly 4%.
                        
17:47

                            Nezha Auto holds shareholder communication meeting, plans to raise over RMB 4 billion in Series E financing
                        
                            On January 24, Nezha Auto's parent company Hozon New Energy held a shareholder communication meeting to discuss the ongoing E-round financing plan. It is understood that the planned financing scale of this round is about 4-4.5 billion yuan, and the lead investor will invest about 3 billion yuan. At the same time, Hozon New Energy also introduced the company's operating and development plan for the next three years to shareholders. In the past three months, Nezha Auto, which is in a period of shock, has undergone a series of internal adjustments such as "focusing on slimming down", and its monthly operating expenses have dropped by more than 50%. In January 2025, Nezha Auto's vehicle factory in Tongxiang has gradually resumed work, and some offline stores have also started new car deliveries.
                        
10:39

                            The direction of AI applications fluctuated upwards and Century Tianhong hit the daily limit
                        
                            The AI application direction fluctuated higher, Century Tianhong and Bona Film Group hit the daily limit, Coote Intelligence and Worth Buying rose by more than 10%, and Visual China, Startup Dark Horse, Doshin Education and others followed suit.
                        
18:29

                            Many listed companies are developing AI toys. It is estimated that the global AI toy market may exceed US$35 billion in 2030
                        
                            At present, the market demand for AI toys is gradually being activated, and new products are constantly emerging. Industry insiders believe that AI toys are one of the best landing scenarios for large models on the hardware side. Nowadays, not only are listed companies laying out AI toy products, but many start-ups have also emerged and obtained financing of tens of millions of yuan. Many business people believe that as the landing scenarios of AI toys expand and consumer demand increases, the market size will continue to expand. Data shows that the global AI toy market is expected to grow from approximately US$8.7 billion in 2022 to US$35.11 billion in 2030, with a compound annual growth rate of more than 16%.
                        
17:37

                            Kunlun Wanwei: Net loss expected to be 1.39 billion yuan to 1.99 billion yuan in 2024
                        
                            Kunlun Wanwei announced that it expects a net loss of 1.39 billion yuan to 1.99 billion yuan in 2024, compared with a profit of 1.258 billion yuan in the same period last year. The company's performance was under pressure during the reporting period, and the net profit attributable to the parent company's shareholders turned from profit to loss year-on-year. Specifically, in order to consolidate the company's leading position in the field of AI, R&D investment was further increased during the reporting period, and the various short-term costs and related expenses incurred affected the profit performance of this period to a certain extent; on the other hand, investment income performance was also lower than the same period last year, and financial asset price fluctuations and investment losses were expected to total 1.1 billion yuan. The above two factors combined led to a loss in performance during the reporting period.
                        
15:01

                            A-share closing review: ChiNext Index fell back after rising to close down 0.51%, with the big financial sector leading the gains
                        
                            The three major A-share indexes rose and fell today. As of the close, the Shanghai Composite Index rose 0.55%, the Shenzhen Component Index fell 0.49%, the ChiNext Index fell 0.37%, and the Beijing Stock Exchange 50 Index fell 0.02%. The total market turnover was 1,369.5 billion yuan, an increase of 221.8 billion yuan from the previous day. More than 2,300 stocks rose in the entire market. In terms of sector themes, insurance, banking, education, and cultural media sectors led the gains, while consumer electronics and PCB sectors led the declines. On the market, the big financial sector led the gains, Tianmao Group rose for two consecutive days, Hualin Securities rose to the limit, Xinhua Insurance, Everbright Bank, China Life, COFCO Capital and other gains led the gains. The AI application direction led the gains, Gravity Media and Longyun Shares rose to the limit, Hande Information, Doushen Education, and Sichuan Network Media rose by more than 10%. PCB concepts led the decline, Gaussbell and Jinan Guoji fell to the limit. Some high-priced stocks dived in the afternoon, Jinaobo and Yingtong Communications both fell to the limit, and Huamai Technology staged a ceiling and floor.
                        
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