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Yimian Wu

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Homepage: https://www.chinamoneynetwork.com

Chinese search engine Baidu Inc. has set up a blockchain subsidiary in Beijing on Wednesday, China’s National Enterprises Credit Information Publicity System shows. Baidu’s subsidiary Beijing Dinglu Zhongyuan Technology has injected RMB50 million (US$7.3 million) to set up Dulian Internet Technology (Hainan) Ltd. Baidu’s Vice...

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Smartphone maker Xiaomi Inc has led a US$13.4 million extended series A round in Indian digital lending platform ZestMoney. The follow-on round witnessed the participation of existing investors including PayU, Ribbit Capital and Omidyar Network, according to a local media report. Founded in 2015,...

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Chinese electronics company Xiaomi Inc announced today that Wang Bin, a former professor at Chinese Academy of Sciences, has joined its artificial intelligence lab. Wang will be the chief scientist responsible for the construction of Xiaomi’s natural language processing platform and research and development of...

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China’s largest retailer Alibaba Group Holding Ltd said it has joined SoftBank to commit over US$3 billion in its newly established company that holds food delivery service unit Ele.me and Koubei, a local services platform focusing on in-store consumption, according to its quarterly earning released yesterday. "Our plan is to aggressively invest in these businesses to gain market share and execute deep integration into the ecosystem of Alibaba service...

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Jinqi Group, a Shanghai-based healthcare company focusing on reproductive health services announced today that it has raised a series A round worth hundreds of millions of RMB led by a subsidiary of China Orient Asset Management Co., Ltd, one of the big four asset management companies in...

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Chinese artificial intelligence companies are over-valued. As market liquidity conditions continue to tighten, these AI companies are likely to see their valuations drop by 30% to 50%, according to Wayne Shiong, a partner at Chinese venture investment firm China...

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Waymo, the autonomous driving technology start-up owned by of Google’s parent company Alphabet Inc. has set up a subsidiary in China, according to China’s National Enterprise Credit Information Publicity System. The move reinforces Google’s determination to return to China with full steam. Earlier...

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Tencent’s super-app WeChat has shutdown many official accounts that promoted initial coin offering (ICO) and cryptocurrency trading as China continues to clean up ICO activities.  Tuesday night, many social media accounts owned by business entities including some of the most well-known digital asset...

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Private equity firms Orchid Asia Group and TPG have led a US$110 million series C round in Chinese enterprise solution provider Duiba, according to the latter’s announcement released today. Founded in 2014, Duiba Group provides solutions for companies to obtain and manage users on their...

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An anti-pornography system powered by artificial intelligence technology has been tested online in China Sunday, according to a report by China’s Science and Technology Daily Monday. With voiceprint recognition technology, the system developed by Chinese tech giant Alibaba Group Holding Ltd. is able to detect pornographic content....

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