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…
The high cost of orbit: China’s private space startups take aim at Musk’s SpaceX
By Da Cheung CAS Space launched its Kinetica-1 rocket for the 12th time on April 14, placing…
Unitree supplier LinkerBot’s $3 billion valuation highlights investor shift to robotics supply chain
By Li Man In the rapidly accelerating race for humanoid robotics supremacy, the most valuable player…
ZeroG’s new fundraising highlights the intensifying race to own the low-altitude economy
By Brent Li The global race to dominate the skies with electric-powered aircraft is heating up,…
China’s Wallaby Phenox secures funding, merges with Enlight Medical amid pivot to brain-computer interfaces
By Da Cheung Chinese neurovascular medical device maker Wallaby Phenox completed a new equity financing and debt restructuring…
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