China's Zhipu AI Raises $137 Million
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Alibaba, Tencent-backed China's Zhipu AI secures $137 million funding
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China's Zhipu AI Raises $137 Million as State Funds Bet on AI Race
Alibaba-Backed Zhipu Raises $140 Million as DeepSeek Heats Up AI
Chinese startup Zhipu raised more than 1 billion yuan ($140 million) in a financing round led by local government-backed firms, underscoring the growing interest in domestic AI following DeepSeek’s ascent.
The metaverse race is heating up in China. Just like Meta and Microsoft in the U.S., Chinese firms such as Baidu and Tencent are investing in the nascent industry, but strict tech regulations mean China’s virtual worlds are set to offer very different user experiences.
Chinese tech giant Tencent on Thursday released a new AI model that it says can answer queries faster than global hit DeepSeek's R1, in the latest sign the startup's domestic and overseas success is putting pressure on its larger competitors in China.
Shenzhen, known as the “Capital of Technology” and the “City of the Future”, stands as a global innovation powerhouse driving the future of tech. Home to world-renowned tech giants such as Tencent, Huawei,
Tencent’s AI chatbot app, Yuanbao, has climbed to the top of the free app download rankings in Apple’s China App Store as of March 3, surpassing DeepSeek.
The rise in popularity of Yuanbao follows Tencent’s move to integrate DeepSeek’s R1 reasoning model in February.
Tencent's Yuanbao AI chatbot has overtaken DeepSeek as China's most downloaded iPhone app, intensifying the AI rivalry.
Chinese technology stocks advanced sharply on Friday, with Alibaba Group Holding Ltd. jumping 11.41% in Hong Kong trading, as investors responded to positive earnings guidance and anticipated monetary policy easing from Beijing.
President Donald Trump said tariffs on Canada, Mexico, and China will go into effect Tuesday. Trump is proposing an additional 10% tariff on Chinese imports. China vowed to respond. Chinese stocks struggled today after President Donald Trump said additional tariffs on Chinese imports are slated to go into effect Tuesday.
Alibaba, ByteDance, and Tencent are driving demand for NVIDIA H20 chips, fueling China’s AI boom despite U.S. export restrictions.
Nvidia's H20 chip gains traction in China amid AI demand surge, with Tencent, Alibaba, ByteDance leading orders. Discover how U.S.
Chinese tech giants Tencent, Alibaba, and ByteDance are ramping up orders for Nvidias (NASDAQ: NVDA) H20 AI chip due to soaring demand for DeepSeeks cost-efficient AI models, sources told Reuters. This surge
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