Multiple users reported that their Mijia smart home appliances, ranging from lights to air conditioning units, have been offline and unresponsive since Thursday night, according to a report by Chinese media outlet Jiemian. Xiaomi’s smart home brand responded on its Weibo account that its app and voice control functions were temporarily down due to network […]

DJI announced that it is adding L-mount camera support for its Ronin 4D model on Wednesday, and joining the L-Mount Alliance that was initially formed by Leica, Sigma, and Panasonic in 2018. DJI declined to comment further on the matter when contacted by TechNode on Thursday. The L-Mount Alliance was formed to allow a unified […]

Chinese search giant Baidu is in talks to sell all of the 53% stakes it holds in Chinese video streaming site iQiyi in a move to stay focused on AI and autonomous driving businesses, according to Reuters, citing people with knowledge of the matter. The Reuters source said Hong Kong-based equity firm PAG and Chinese […]

Chinese self-driving sensor maker Roboense on Tuesday announced that it has raised an undisclosed amount of strategic fund jointly led by investment bank China Renaissance, Xiaomi-backed investment fund Hubei Xiaomi Changjiang Industrial Investment Fund, and Chinese bus manufacturer Yutong. Other investors include YF Capital, a private equity firm run by Alibaba co-founder Jack Ma, BYD, […]

Shares in New Oriental have surged around 50% in Hong Kong since Monday after its livestream e-commerce sessions went viral the past weekend. The company’s shares are trading at HK$19.2 ($2.5) on Wednesday morning. However, it’s still far below the roughly HK$50 apiece last June before it was hit by China’s regulatory crackdown on the […]

Sun Jian, chief scientist and Managing Director of Megvii Research at China’s AI giant Megvii, passed away on Tuesday. Sun joined Megvii in 2016. Born in 1977, Sun studied computer vision, computer graphics, and deep learning. His research has more than 284,000 citations, according to Google Scholar. He joined Microsoft Research Asia in 2003 after […]

Taiwanese semiconductor foundry TSMC was reported that it would shorten some clients’ payment time, according to Taiwan news outlet UDN on Monday. The new payment rule will reduce the payment time to 30 days after deliveries, rather than the previous rules of up to 60 days after deliveries. The rule will take effect in January 2023, putting more stress on its clients’ cash flow after the firm’s two price hikes since last August. The firm declined to comment on this issue to UDN. Beijing-based Securities Daily reported that TSMC’s new rule was possibly due to the firm’s high cost of research and development and the low cash flow, citing sources from the semiconductor industry. [UDN, in Chinese]

German automotive parts maker Continental has invested in Motovis, a Chinese autonomous vehicle tech startup, by participating in its Series C. The round runs into “several hundred million RMB,” with funds earmarked for developing self-driving technologies for cars, according to an announcement published Monday. The companies are working hand-in-hand with the aim of enabling Chinese […]