From Everest to Walmart: exoskeleton startup Hypershell secures over $50 million in fresh funding
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Kuaishou mulls spin-off of Kling AI video generation unit, seeking $20 billion valuation
Kuaishou Technology (01024.HK) is planning to spin off its Kling AI video-generation model business and raise $2 billion, giving…
Can drones learn to fly like birds? Why Chinese startup Eagle Sight Dynamics is betting on it
By Da Cheung The sky is buzzing with new flying machines, but the next big leap…
StepFun closes in on $2.5 billion funding as it dismantles offshore structure ahead of Hong Kong IPO
By Stone Jin Chinese artificial intelligence start-up StepFun is set to complete a fundraising round worth almost $2.5…
Moonshot AI reaches $20 billion valuation as race for dominance in China heats up
By Da Cheung Beijing-based artificial intelligence startup Moonshot AI — known for its popular chatbot Kimi — is…
State-backed CICT Mobile to raise 7 billion yuan to fund satellite and 6G projects
CICT Mobile (688387.SH), the state-backed Chinese mobile communications group, has announced plans to invest 9.5 billion…
DeepSeek staff retention defies exodus fears as founder turns to funding to lock in loyalty
By Feng Yuchen Chinese AI startup DeepSeek has retained 97% of its core research and engineering…
NovaFusionX draws repeat funding as fusion gains ground in China
China’s push into nuclear fusion is no longer just a state-led moonshot. A fast-rising private startup,…
Luminous Ventures closes $700 million fund to back China’s next wave of AI and hard tech
China’s venture capital market has had its first blockbuster fundraising of 2026, underscoring renewed global appetite…
Beyond gimmicks: how China’s robots are slowly marching into kitchens and care homes
By Da Cheung In a bustling Seoul fast-food joint, the cook stationed by the 200-degree Celsius…
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