Noetix Robotics, one of four robot manufacturers recently featured on China’s widely-watched Spring Festival Gala, announced on Monday that it has completed a Series B funding round, bringing the total raised in this tranche to nearly RMB 1 billion ($145.9 million), reports Caixin. The latest round was led by Chendao Capital, an industrial investment platform affiliated […]
Category: Tech, Media & Telecom
WeRide, one of China’s big three robotaxi companies, has cut research and development (R&D) costs by “millions” of US dollars by using artificial intelligence to train its fleet in virtual worlds, reports the South China Morning Post citing the company’s CEO. While rivals have also developed AI models simulating the physical world, WeRide’s efforts stood out as […]
Baidu posted a 42% drop in profit for the fourth quarter of 2025, reports Caixin. The drop comes as its aggressive pivot toward AI is eating away at its core advertising business faster than it can generate new growth. The Beijing-based search giant reported a 4.1% year-on-year decline in revenue to RMB 32.7 billion ($4.7 billion) […]
iQiyi’s net profit sunk 81% in 2025, reports Caixin. This comes as the Chinese video-streaming company grappled with a shortage of blockbuster titles and intensifying competition from short-form video platforms. The Nasdaq-listed firm reported a 7% decline in full-year revenue to RMB 27.3 billion ($4 billion). All major revenue streams contracted in 2025. Membership services, the company’s […]
China’s top chipmakers, with strong government backing, are aiming to boost their output of advanced semiconductors to meet burgeoning AI demand, despite ongoing US restrictions, reports Nikkei. Semiconductor Manufacturing International Co (SMIC), Hua Hong and several Huawei-linked chipmakers are expanding or aiming to start production of chips with the most advanced technology available, including on the 7-nanometer […]