Startups

16:11

                            DingTalk launches new AI entrepreneur support plan to waive commissions, deposits and computing power fees for the AI ecosystem
                        
                            DingTalk recently held the "AI Entrepreneurship Nth Power" Ecological Innovation Conference. At the conference, DingTalk released a series of new ecological policies to help AI entrepreneurs and AI transformers: including exemption of commissions, exemption of entry deposits and exemption of computing power fees, and support in sales, branding, technology and investment. In the AI era, in order to help AI entrepreneurs and ecological partners complete the process from technology research and development to commercialization more quickly and smoothly, DingTalk released the latest AI ecological support policy "AI Innovation Nth Power Plan" at this conference: providing free commissions, free deposits and free computing power fees, as well as support in four major aspects: branding, sales, technology and investment, such as online traffic irrigation, offline sales channel promotion, exclusive large models and full opening of AI base capabilities, product development technical guidance, etc., to provide full-process services and support policies for the AI ecosystem.
                        
16:41

                            DingTalk launches new AI entrepreneur support plan
                        
                            On March 20, DingTalk held the "AI Entrepreneurship Nth Power" Ecological Innovation Conference in Beijing. At the conference, DingTalk released a series of new ecological policies to help AI entrepreneurs and AI transformers: including exemption of commissions, exemption of entry deposits and exemption of computing power fees, and support in sales, branding, technology and investment, providing ecological partners with all-round support for AI application entrepreneurship and innovation.
                        
10:18

                            Ministry of Science and Technology: This year's Zhongguancun Forum Annual Conference will hold a number of events around cutting-edge fields such as AI big models, embodied intelligence, quantum technology, and brain-computer interfaces
                        
                            According to China.com, on March 20, the State Council Information Office held a press conference on the 2025 Zhongguancun Forum Annual Meeting. Lin Xin, Vice Minister of the Ministry of Science and Technology, introduced at the press conference that, in general, this year's forum annual meeting has four characteristics: First, it highlights the forefront of science and technology. Focusing on cutting-edge fields such as AI big models, embodied intelligence, quantum technology, biomedicine, 6G, brain-computer interfaces, etc., a number of professional forums and major results release activities were held to deeply discuss cutting-edge technology and industrial development trends. Second, it highlights the sharing of results. Through technology trading conferences, cutting-edge technology competitions, major scientific and technological achievements releases and other activities, a platform for government-industry-university-research-use-finance cooperation was established to promote the docking and industrialization of major scientific and technological achievements and accelerate the cultivation of new quality productivity. Third, it highlights talent exchange. The Outstanding Young Science and Technology Talent Development Forum, the Overseas Students Innovation and Entrepreneurship Forum, the Science and Technology Women's Innovation Forum, etc. were set up to create opportunities for communication and cooperation for relevant groups of scientists and stimulate the innovation and creativity of talents. Fourth, it highlights open cooperation. There are not only intergovernmental science and technology cooperation dialogues, but also international science and technology organizations and global scientists, entrepreneurs, investors, etc. are widely invited to participate, linking global innovation wisdom and building a platform for communication and cooperation.
                        
18:25

                            Headquarters "besieged" by suppliers? Nezha Auto: A meeting has been held to discuss the debt-to-equity swap plan
                        
                            According to Yinshi Finance, Nezha Auto held a supplier conference today to discuss a debt-to-equity swap plan for some suppliers. The plan was supported by most suppliers. Some media reported that Nezha Auto introduced the current progress of its E-round financing to suppliers at this conference. The E-round financing totaled 3 billion yuan and was originally scheduled to be delivered at the end of March this year, but due to the current high debt risk of Nezha Auto, it was postponed to April. In response, Nezha Auto responded that there is no progress in financing to disclose. At the same time, in response to reports that Nezha Auto will transform into a service provider after the financing is completed, Nezha said, "There is no such statement."
                        
20:44

                            PwC: Global M&A market is expected to recover, with large transactions becoming the key driving force
                        
                            PwC recently released the "Global M&A Trends Outlook 2025". The report pointed out that the global M&A market is expected to recover in 2025, with large transactions becoming a key driving force. Data shows that the volume of large transactions with a transaction value of over US$1 billion will increase by 17% in 2024, and the average transaction size will increase significantly, reflecting the urgent need of enterprises for growth and transformation. Important factors such as AI technology reshaping business, enhanced liquidity of private capital and a wave of divestitures of non-core assets have jointly driven the increase in market activity. However, the volume of small and medium-sized transactions fell by 18%, highlighting the valuation differences and financing challenges, and the market presented a "two-sided" situation.
                        
12:03

                            Baichuan Intelligence co-founders Jiao Ke and Chen Weipeng left to start AI businesses
                        
                            The reporter exclusively learned from multiple insiders that the founding team of Baichuan Intelligence, one of the six little tigers of the big model, has undergone changes. Among them, co-founder Jiao Ke has resigned, and another co-founder Chen Weipeng will also resign, and is currently going through the internal process. According to another insider, Jiao Ke and Chen Weipeng have both started their own businesses in the field of AI. Jiao Ke and Chen Weipeng were both members of the founding team who joined the company in the early days of Baichuan Intelligence.
                        
14:36

                            Market news: Sharp will sell fixed assets to SoftBank for 100 billion yen.
                        
15:27

                            "Shuchuang Intelligence" completed 20 million yuan angel round financing
                        
                            "Shuchuang Intelligence" announced the completion of a 20 million yuan angel round of financing. This round of financing will further support the company's development and plans to strengthen the layout of the entire industry chain. According to reports, Shuchuang Intelligence was established in 2021 and focuses on AI cloud-based technology. It currently has more than 100 direct-operated stores across the country.
                        
13:08

                            AI video startup Luying Technology will be acquired by MiniMax, and the two parties have finalized the acquisition intention
                        
                            AI video startup "Avolution.ai" will be acquired by MiniMax. The two parties have finalized the acquisition intention and the relevant process is still ongoing. According to first-hand information obtained by Blue Whale News, in 2024, the valuation level of Avolution.ai in the angel round of financing did not exceed 20 million US dollars, which is about 100 million RMB.
                        
09:38

                            A-share AI medical concept stocks fell in early trading, with Cellix Medical falling more than 5%, Chuangye Huikang falling more than 4%, and MediTech, Weinan Health, and Sichuang Medical following suit.
                        
09:36

                            AI medical concept stocks fell in early trading, with Celly Medical falling more than 5%
                        
                            AI medical concept stocks fell in early trading, with Cellix Medical falling more than 5%, Chuangye Huikang falling more than 4%, and MediTech, Weinan Health, and Sichuang Medical following suit.
                        
20:21

                            "Star Glory" completed the first batch of delivery of several hundred million yuan in Series D financing
                        
                            Recently, "Star Glory" completed the first batch of delivery of several hundred million yuan in Series D financing. This round of financing was invested by Sichuan Tianfu Core Cloud Digital Economy Development Fund Co., Ltd., a provincial industrial investment fund managed by Sichuan Development (Holdings) Co., Ltd. The funds raised will be mainly used for the research and development of the Hyperbola III rocket and the construction of the Focus series engine test bench and engine production line, which means that Star Glory's layout in Sichuan will achieve a coordinated layout of "Deyang-Mianyang-Chengdu", helping Sichuan to accelerate the construction of a complete commercial aerospace industry ecosystem.
                        
10:13

                            JA Solar Technology's senior management changes: Qin Shilong takes over as secretary to the board
                        
                            According to the 21st Century Business Herald, JA Solar announced a senior management adjustment. Qin Shilong, the former secretary of TCL Zhonghuan, took over as the company's new secretary of the board of directors, while Wu Tingdong resigned from the position of secretary of the board of directors due to internal work adjustments and transferred to the company's business position, with the rank of vice president. Qin Shilong has worked for TCL Zhonghuan for a long time and has rich industry experience. JA Solar has previously announced plans to go public on the Hong Kong stock market, which has become the first major project faced by Qin Shilong after taking office. The company is currently expanding its financing channels through various means. Although the photovoltaic industry is at the bottom of the cycle, JA Solar still has ample cash reserves.
                        
08:12

                            Nikkei 225 falls 2%
                        
                            The Nikkei 225 index fell 2%, and SoftBank Group fell as much as 4.9%.
                        
18:40

                            Manus founder revealed that the product is developed based on Alibaba's Qianwen big model
                        
                            On March 10, Manus founder Ji Yichao revealed on social media that Manus uses different fine-tuned models based on Alibaba's Qianwen model (Qwen). Manus is the first AI agent product released by startup Monica and has recently become popular on social media.
                        
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