Hai Robotics, a Chinese warehouse robotics startup, announced Wednesday two financing rounds totaling more than $200 million. Investors include 5Y Capital, Capital Today, Sequoia Capital China, and Source Code Capital. The company said it would use the fund to upgrade robot fleets, expand global operation networks, and optimize supply chain management. [PR Newswire]
Arm China, the Chinese branch of Arm Ltd., announced on Aug. 26 it is now an “independently operated and Chinese-controlled” company.
Listening to market demands is a key component for innovation, a process that, by definition, turns ideas into solutions to add value for customers.
Chinese Q&A platform Zhihu said Thursday its monthly active users (MAUs) had surpassed 100 million. Last month, the company reported 94.3 million MAUs in the second quarter of 2021, up 46.2% from the same period last year. The firm was also added to the FTSE China Index, a stock index by Britain’s FTSE Group. [Jiemian, in Chinese]
Chinese tech giant ByteDance reportedly is developing a music streaming app to launch in China in 2021.
In this episode, the guys are joined for the second time by John Artman, tech editor at the South China Morning Post.
Emerge is TechNode’s annual conference about emerging trends in China tech. It presents a strategic and forward-looking view of China’s tech sector in English with voices from experts and representatives of leading companies.
The capital signals investor confidence in services supporting small and medium-sized enterprises (SMEs).
Users from Tencent’s instant messaging app QQ can now open links to Alibaba’s e-commerce platform Taobao and ByteDance’s short-video app Douyin, TechNode found after testing Friday. The move comes after Chinese regulators reportedly told all internet platforms to stop blocking links to their rivals’ websites by Friday. But WeChat, Tencent’s other messaging app, was still blocking links to rival sites at press time. [The Paper, in Chinese]
ByteDance’s short video app Douyin is testing a new livestreaming portal for its upcoming food delivery service, signaling a different business model from its rivals, Chinese media Tech Planet reported Thursday. By clicking into the window, users will be able to place orders and find information about delivery times, nearby food vendors, and switching vendors. Douyin has completed two months of tests but hasn’t announced a launch date. [Tech Planet, in Chinese]