Alibaba, SAIC join China’s space race to build a Starlink rival
Their entry marks a rare convergence of internet and automotive capital around China’s commercial satellite industry.
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Shanghai’s chip industry doubles to $86 billion in five years, forum told
The city has built an “one core, two wings” industrial layout centered on Pudong, with Lingang and Jiading as the two supporting hubs.
Enflame sets IPO price at $21 as China’s AI chip race hits public markets
Founded in 2018, Enflame develops cloud AI chips and has built four generations of architectures and five AI accelerators.
Physical AI startup Maniformer ships 20,000 data devices to JD.com
It claims to be the first data provider in the sector with million-hour-scale datasets available for commercial sale.
Qwen adds AI agent teams for one-click video creation
For an AI short drama, users provide the story concept while the agents collaborate sequentially to turn it into a finished video.
Today’s Yangtze funding roundup: Fusion, cell therapy, space computing…
The latest rounds will fuel fusion reactors, cell therapies, autonomous logistics, satellite computing and humanoid robots.
China’s data economy gets a new gateway in Hangzhou, Zhejiang
The most valuable asset they control may not be the data itself, but the gateway through which public data enters the economy.
Hikvision returns to Zhejiang’s top three as Bank of Ningbo leads profits
The security-camera maker posted 7.90 billion yuan in net profit, up 39.57%, marking one of its strongest growth rates in nearly a decade.
Shanghai district moves to build space computing hub, forum told
The significance of the Songjiang forum lies less in any single new technology than in the convergence of the pieces needed to build an industry.
Auto-parts maker Minth opens Europe’s first humanoid robot plant in Serbia
The move follows a high-profile visit by Serbian President Aleksandar Vučić to Minth’s future factory in Jiaxing on May 27.