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.
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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.
Inference chip maker Trace Intelligence closes seed funding
Trace is currently developing its first inference chip designed specifically for AI agents.