Startups
12:16
Nezha Auto received about 6 billion yuan in financing? The company responded: The news is false
There are market rumors that Nezha Auto has received about 6 billion yuan in financing. In response, Nezha Auto said that the news is untrue.
14:18
Sunwoda and others invested in establishing new energy partnership in Tianjin
According to the Qichacha APP, Huajing Yuanchu New Energy (Tianjin) Partnership (Limited Partnership) was recently established with a capital contribution of 1 billion yuan.
14:02
Ex-ByteDance exec's GenAI creative community closes tens of millions of dollars in Pre-A round of funding
Former ByteDance executive Ren Lifeng's startup project "Math Magic" has recently secured tens of millions of dollars in Pre-A round financing.
11:26
ByteDance-backed AI startup Deemos closes tens of millions of dollars in Series A funding
A Chinese AI startup backed by TikTok owner ByteDance has closed tens of millions of dollars in Series A funding.
20:37
Hurun: More than a quarter of Hurun Gazelle companies are already using AI to change their industries
Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said that Hurun Gazelle companies are very young, with an average age of only 8 years, but the average value has reached US$700 million. We are in the stage of the fourth industrial revolution, and the rapid development of AI is changing many industries. It can be said that today is one of the best times to start a new business. More than a quarter of Hurun Gazelle companies are already using AI to change the industry, among which fintech, blockchain and SaaS are the most affected. The integration of generative AI, machine learning, augmented reality and virtual reality, cloud computing, the Internet of Things and automation has created unprecedented opportunities for innovative and entrepreneurial companies to lead the trend in this exciting new era.
18:03
AI startup Anthropic to raise $2 billion, valuing it at $60 billion
U.S. AI startup Anthropic is in talks to raise $2 billion in a deal that would value it at $60 billion, more than triple its valuation a year ago, according to the Wall Street Journal.
13:06
The ChiNext Index fell more than 3% in the afternoon, the Shenzhen Component Index fell more than 2.5%, and the Shanghai Composite Index fell more than 1.5%. AI mobile phones, lithography machines, and copper cable high-speed connection concept stocks led the declines.
15:40
Toyota to invest nearly $44 million in Japan space startup Interstellar
Japanese automotive giant Toyota will invest nearly $44 million in homegrown space startup Interstellar Technologies.
08:46
Report: Alibaba to accept some 011wan employees instead of acquiring them
At the end of December 2024, the pre-training algorithm team of Zero One Everything received an offer from the Tongyi team, and the Infra team received an offer from Alibaba Cloud. Currently, Alibaba is recruiting the Zero One Everything team in the form of providing jobs, rather than acquisitions. Another person familiar with the matter said that in early January 2025, Kai-Fu Lee mentioned at an internal meeting that Zero One Everything was short of funds, and the funds invested in pre-training were relatively large, and the company planned to transform into an application. An employee of Zero One Everything told the reporter that in mid-December, the team first received a layoff notice, and the offer from Alibaba was received about a week later. It was only a verbal offer, and the specific terms had not yet been negotiated. "Tongyi and Alibaba Cloud arranged some leaders to communicate one-on-one with members of the Zero One team." Zero One Everything has also made corresponding adjustments to the strategy for AI applications: in addition to PopAi, an overseas application with good revenue and growth performance, which can be self-sufficient, some of its applications have split teams and raised funds in the form of subsidiaries.
11:31
A-share midday review: ChiNext Index rose 0.41% in half a day, and influenza sectors broke out collectively
The three major A-share indices rose and fell in the morning. As of midday, the Shanghai Composite Index fell 0.15%, the Shenzhen Component Index rose 0.19%, the ChiNext Index rose 0.41%, and the Beijing Stock Exchange 50 Index rose 0.41%. The market's half-day turnover was 700 billion yuan, a decrease of 53.4 billion yuan from the previous day. More than 2,500 stocks rose in the market. In terms of sector themes, influenza, chemical pharmaceuticals, minor metals, and rare earth permanent magnets led the gains; retail, AI glasses, and liquor sectors led the declines. On the market, the influenza sector broke out collectively, with Xinhua Pharmaceutical, North China Pharmaceutical, Lukang Pharmaceutical, Baihua Pharmaceutical, Northeast Pharmaceutical, Huluwa, and Zhongsheng Pharmaceutical hitting the daily limit. The rare earth and nonferrous metal sector led the gains, with Guangsheng Nonferrous Metals, Yongmaotai, and Red Star Development hitting the daily limit. Shenghe Resources, China Rare Earth, etc. followed suit. Computing power supply equipment was active, with Huasu Technology, AVIC Electric, and Power Source hitting the daily limit. Retail stocks led the decline, with Dongbai Group, Youhao Group, Zhongbai Group, Dalian Friendship and many other stocks hitting the daily limit; AI glasses concept stocks led the decline, with Huacan Optoelectronics and Boshi Glasses falling more than 10%, Guoguang Electric, Yidao Information, and Yingtong Communications hitting the daily limit. In addition, Dianguang Technology and Mengjie shares once staged a daily limit.
10:51
Wang Xiaochuan resigns from Ningbo Baichuan Ronghui Technology Co., Ltd.
Tianyancha App shows that recently, Ningbo Baichuan Ronghui Technology Co., Ltd. has undergone industrial and commercial changes. The company name has been changed to Ningbo Baichuan Ronghui Equity Investment Co., Ltd. Wang Xiaochuan resigned as the legal representative, director, and manager, and was replaced by Ru Liyun. The business scope has been expanded to include equity investment and venture capital, and the registered capital has increased from US$70 million to US$150 million. The company was established in December 2024 and is wholly owned by BAICHUAN AI (HK) LIMITED, a subsidiary of Baichuan Intelligence.
09:27
At the opening of A-shares, the Shanghai Composite Index fell 0.05%, the Shenzhen Component Index fell 0.06%, and the ChiNext Index rose 0.11%. Flu, diet pills, and vitamin concept stocks led the gains.
13:49
The ChiNext Index fell by 1% in the afternoon
The ChiNext Index's decline widened to 1% in the afternoon, with consumer, AI application and computing power concept stocks leading the decline, and more than 4,200 stocks in the entire market falling.
13:37
VR headset developer and manufacturer Pimax Technology completes C1+ round of financing worth 100 million yuan
VR headset developer and manufacturer Xiaopai Technology (Hangzhou) Co., Ltd. recently completed a C1+ round of financing worth 100 million yuan, led by Zhuji Jingkai Chuangrong Investment and followed by old shareholder Ivy Capital. This round of financing is also one of the largest financings in the field of VR headsets in China since 2024.
11:31
A-share midday review: Shanghai Composite Index fell 0.46% in half a day, and the large consumer sector adjusted collectively
The three major A-share indices fell collectively in the morning trading. As of noon, the Shanghai Composite Index fell 0.46%, the Shenzhen Component Index fell 0.23%, the ChiNext Index fell 0.28%, and the Beijing Stock Exchange 50 Index rose 2.28%. The market's half-day turnover was 753.4 billion yuan, down 28.9 billion yuan from the previous day. More than 3,900 stocks fell in the market. In terms of sector themes, non-ferrous metals, AI glasses, coal mining, and biomedicine sectors led the gains; retail, tourism, e-commerce and other large consumer sectors led the declines. On the market, the retail and large consumer sectors pulled back on a large scale in the morning trading, and many stocks such as Hangzhou Jiebai, Baida Group, Maoye Commercial, Dalian Friendship, and Wushang Group hit the limit. The non-ferrous metal sector performed actively in the morning trading, Yongmaotai and Northern Copper hit the limit, Xiaocheng Technology, Yunnan Aluminum Co., Ltd., Sichuan Gold and others rose. Two new stocks, N Huangshan Valley and N Tianhe, rose sharply in the morning trading, of which N Tianhe once rose by more than 700%, triggering a second temporary suspension during the trading session. In addition, affected by the news, the consumer electronics sector rose at one point during the session, Shengli Precision hit the daily limit, and Lightpeak Technology, Xianying Technology, and Yido Electronics were among the top gainers.
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Weekly Highlights
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