AI firm Megvii to seek approval for $500 million Hong Kong IPO

Artificial intelligence (AI) firm Megvii plans to seek approval for its Hong Kong listing on Thursday, aiming to raise…


Nio appoints new CFO as funding questions linger

Nio‘s logo outside one of the company's stores in Beijing on Sept 28, 2019. (Image credit: TechNode/Coco Gao) Electric…


China's focus on AI advancement could unseat US leadership: committee

A US congressional advisory body has warned that China's focus on developing artificial intelligence (AI) could have…


Xpeng Motors showcased P7, its first four-door coupe model with Level 3-ready autonomous driving capabilities at Alibaba Cloud's APSARA Computing Conference in Hangzhou in September, 2019. (Image credit: Xpeng Motors)

Xpeng brings in Xiaomi as strategic investor in $400 million Series C

Xpeng Motors showcased the P7, its first four-door coupe model with Level 3-ready autonomous driving capabilities at…


To develop artificial intelligence, get it out of the lab: VC

Zhou Wei, founder of China Creation Ventures at TechCrunch in Shenzhen on November 11, 2019 (Image credit: TechCrunch)…


Didi backtracks on Hitch's gender-based hours

Didi's booth at WAIC Shanghai on Aug 30, 2019. (Image credit: TechNode/Shi Jiayi) Ride-hailing giant Didi has…


Baidu beats Q3 revenue expectations, posts $900 million loss

The exterior of a Baidu building in Beijing on Oct. 30, 2019. (Image credit: TechNode/Coco Gao) Search giant Baidu beat…


Didi to restart operations of its carpooling service Hitch

The exterior of a Didi building in Beijing on Oct. 30, 2019. (Image credit: TechNode/Coco Gao) Ride-hailing giant Didi…


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AI startup Megvii mulls delaying Hong Kong IPO amid blacklisting concerns

(Image Credit: BigStock/Dilok) Artificial intelligence (AI) startup Megvii is considering whether to delay its Hong…


The Chinese startup automating wind turbine inspections 

Inspection drone with eolian turbines behind. (Image credit: BigStock/DPVUE Images) Artificial intelligence (AI)…