Momenta clears Hong Kong listing hearing, eyes $1 billion IPO
More than 900,000 production vehicles equipped with Momenta’s systems have been delivered, spanning over 100 vehicle models.
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Alibaba upgrades HappyHorse video AI, cuts generation costs by 25%
The feature is designed for applications such as short-form dramas, livestream e-commerce and advertising campaigns.
Zhejiang factory output climbs in May as wearable sales jump 340%
Consumer spending showed signs of a shift toward higher-value technology products.
Shanghai sci-tech fund closes $900M vehicle, assets near $3B
The new fund will continue the platform’s established strategy of investing through a combination of fund commitments, secondary transactions and direct investments.
Jiangsu semiconductor firms attract funding surge as IPO pipeline swells
Four of the 14 Jiangsu companies that have listed on China’s A-share market this year come from the semiconductor industry.
Ant Group adds Xpeng’s He Xiaopeng to board in governance overhaul
The appointment of He is particularly notable given his long-standing ties to Alibaba.
Autonomous sweeper maker Coowa gears up for IPO after $600M funding
Founded in 2015, Coowa initially focused on autonomous driving technology before shifting its core business toward smart sanitation robots for municipal services.
Micro-LED startup MetaPhotons bets nearly $15M to scale production
MetaPhotons said its technology can achieve pixel densities exceeding 30,000 PPI, potentially enabling cinema-quality visual experiences in compact AR and VR devices.
Robotics integrator Shenhao lands $173M deal for data-center inspection
Inspection robots have become increasingly common in China’s power sector, though they typically complement rather than replace human workers.
Lissome raises Series A funding as AI dishwasher gains global traction
The dishwasher was named one of the seven coolest products at the CES 2025.