Zhipu AI, one of China’s most promising challengers to OpenAI, has received funding from the country’s food delivery giant Meituan, which has a market cap of around $100 billion at […]
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Back to news homeMeituan buys founder’s months-old ‘OpenAI for China’ for $234M
One of China’s most highly anticipated artificial intelligence startups is undergoing a significant change of direction. Light Year, which was founded merely four months ago by Wang Huiwen, a co-founder […]
New regulation in China to hit food delivery giants’ profit model
Between 2016 and 2020, the number of people who ordered food online in China doubled to 400 million. The boom was in part thanks to the generous subsidies shelled out […]
Lightspeed China raises $920M for new funds, adds five partners
Lightspeed China Partners, the China-focused vehicle of Lightspeed Venture Partners, said Tuesday it has closed the largest fundraising rounds in its history. The new injection came under three years after […]
The rapidly changing investor calculus on China’s tech giants
As wave after wave of regulatory crackdowns have dominated China tech news in 2021, one can be excused for losing track of what is being regulated, who is doing the […]