China’s Volant raises nearly $450 million in weeks as eVTOL race intensifies
Shanghai-based Volant Aerotech, which develops electric vertical take-off and landing (eVTOL) vehicles, has added nearly 1 billion…
Shifting gears: China’s heavy-duty trucks set to overtake passenger EVs in autonomous driving race
By Da Cheung Unlike new energy passenger vehicles, heavy-duty trucks have historically flown under the radar…
Li Kaifu’s Zero One targets IPO after strategic pivot from frontier AI models to enterprise applications
By Song Sihang Inside the Beijing headquarters of Chinese AI startup Zero One, also known as 01.AI, the…
Patient capital meets the EV future: why China’s richest man is betting on solid-state batteries
By Da Cheung Zhong Shanshan is a highly unusual figure among China’s business elite. While the…
Why Liang Wenfeng needs 70 billion yuan for DeepSeek
By Song Sihang For much of the past 18 months — from the launch of DeepSeek…
Beyond Neuralink: China’s BCI industry shatters funding records as government backs brain-computer interfaces
By Da Cheung Chinese companies developing brain-computer interface (BCI) systems are witnessing a surge in fundraising this…
From Everest to Walmart: exoskeleton startup Hypershell secures over $50 million in fresh funding
By Da Cheung Exoskeletons — once clunky medical devices restricted to rehabilitation centers or science fiction…
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…
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