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Pan Yue

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Homepage: https://www.chinamoneynetwork.com

Asian co-working company naked Hub today today announced plans to acquire a 70% stake in Gravity, a premium co-working space in Australia for passionate entrepreneurs and professionals. The acquisition represents another important step forward for naked Hub, as the co-working operator continues to capitalize on...

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Faraday Future, a Los Angeles based electric car company run by China’s Jia Yueting, who also founded LeEco, has filed a lawsuit against Evelozcity, a start-up founded by its former chief financial officer Stefan Krause, for allegedly stealing trade secrets. Faraday Future also accused Krause and former CTO...

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China’s HNA Group Co., Ltd., has told creditors that it is facing a liquidity shortage of at least RMB15 billion (US$2.4 billion) as it approaches a deadline to repay debts in the first quarter, according to media reports citing insiders. The company has around RMB65 billion (US$10...

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China’s largest ride hailing firm Didi Chuxing has established a new artificial intelligence lab in Beijing to support its development on smart transportation technology. The lab, led by Didi’s vice president Ye Jieping, will focus on the AI sector including machine learning, natural language processing, speech recognition,...

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Chinese smartphone manufacturer Xiaomi Inc. has led a RMB200 million (US$31 million) series B2 round in Hsuanzhang, an online financial and tax services provider to small and medium enterprises. 51Xinyongka Industrial Fund, a RMB1 billion (US$150 million) fund established by personal credit card management platform...

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China’s e-commerce giant JD.com Inc. is in talks to sell 15% of its logistics unit, JD Logistics, to a group of early investors including Tencent Holdings Ltd., JD.com’s founder Richard Liu said in an interview with media. Tencent alone will purchase one third of the shares on...

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Chinese smartphone maker Xiaomi Inc. surpassed South Korea’s Samsung Group as the top seller of smartphones in India for the first time in the fourth quarter of 2017. During the period, Xiaomi shipped close to 8.2 million units in India, up 170% year-on-year, while Samsung...

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China’s Alibaba Innovation Ventures, the corporate venture capital investment arm of Chinese e-commerce giant Alibaba Group Holding Ltd., has joined a US$30 million round of financing in Israeli safe driving software developer Nexar. U.S. investment firm Ibex Investors led the round, with participation from U.S.-based Nationwide Mutual Insurance Co., Slow Ventures, True Ventures, Tusk Ventures,...

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China’s tech giant Tencent Holdings Ltd. has hired Zheng Yefeng, former principal key expert at Siemens AG’s Healthcare Technology Center, as its research and development director of Medical Artificial Intelligence of the company’s machine vision lab, Youtu. Zheng’s appointment is the latest recruitment...

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Chinese tech giant Baidu Inc. has established two new labs under its Baidu Research division, as part of its push to strengthen fundamental artificial intelligence (AI) research and development, the company said today. The Business Intelligence Lab and Robotics and Autonomous Driving Lab are both...

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