DeepSeek nears first funding round as investors scramble for stakes
Media reports on May 22 said the latest round had expanded to 70 billion yuan ($10.33 billion), with a pre-money valuation of about $45 billion.
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Image Source closes Series A to localize industrial 3D X-ray inspection
The startup said it aims to reduce dependence on imported equipment while lowering inspection costs and improving efficiency for Chinese semiconductor and electronics manufacturers.
Ant Group quietly enters AI glasses market with Willit launch
Willit comes in sunglasses and photochromic versions. The sunglasses model has already sold more than 1,000 units on Taobao, according to the product page.
Jiaxing races to build $15 billion media hub, banking on AI tools
The city’s large-scale audiovisual sector generated 16.28 billion yuan in revenue in the first quarter of 2026, up 15.9% from a year earlier.
Rokid joins CCTV World Cup coverage in historic AI glasses push
The cooperation could help move AI glasses beyond early-stage technology demonstrations into broader commercial use cases tied to large-scale live events.
Leapmotor buys prime Hangzhou riverside site for $102M HQ project
However, local authorities attached strict conditions to the sale. The company must also invest at least 2 billion yuan in the project over the next five years.
Nongfu Spring founder backs solid-state battery materials push
The deal marks Zhong’s first move into EV battery materials. It also extends his strategy of targeting upstream industrial sectors rather than consumer-facing businesses.
Manycore Tech to launch LuxReal AI video tool for short dramas
The launch comes as AI video tools face weak user retention and uncertain monetization on the consumer side, pushing the industry toward enterprise workflows and B2B use cases.
PVC flooring maker Kingdom New Material files for Hong Kong IPO
Kingdom ranked first among suppliers in China’s PVC decorative materials export market by total export value in 2025, with products sold in more than 60 countries and regions.
Ant Group credit unit targets surge in solo founders with AI tools
According to platform data, nearly 5.7 million such firms have actively registered and built credit profiles on Sesame Enterprise Credit, up 42% from a year earlier.