china-news

KUALA LUMPUR and HONG KONG — TNGlobal (formerly TechNode Global), one of Asia’s leading technology and startup media platforms, today announced the acquisition of Jumpstart Media, publisher of Hong Kong’s renowned Jumpstart Magazine. The acquisition marks a significant milestone

JLC (嘉立创) began trading on the Shenzhen Stock Exchange’s main board on Aug. 4, with an IPO price of RMB84.46 per share. Its shares opened more than 170% above the offer price, pushing the company’s market value above RMB100 billion. The Shenzhen-based company operates a platform

PaXini has completed a RMB1 billion strategic funding round, bringing its cumulative fundraising to RMB3.5 billion, the company said on Aug. 3. The new round was jointly led by an unnamed global consumer electronics and semiconductor group, BOC International Investment, Kunpeng F

Chinese autonomous-driving company WeRide has partnered with Danish shared-mobility platform GreenMobility to develop Denmark’s first commercial autonomous shared-mobility project, marking WeRide’s first entry into the Nordic market. Subject to regulatory approval, the partners

Fangqing Technology (our translation of 昉擎科技) has reportedly completed an A1 financing round at a valuation above RMB10 billion, according to a report published on Aug. 4. The available information does not establish the round size, investor lineup or use of proceeds, so the dev

Alibaba on Monday unveiled its next-generation foundation model Qwen3.8. The model features 2.4 trillion parameters and delivers improvements in coding and professional workplace tasks (Cowork). In the recently released third-party Arena rankings, Alibaba’s Qwen model ranked seco

DeepSeek-V4-Flash has entered public beta, with the National Supercomputing Internet rolling out API access and model downloads on day one. Developers can access the API through the platform’s Model Services portal after logging into the National Supercomputing Internet website.