China
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STARTUPS
SimShine raises $8 million for home security cameras that use edge computing
SimShine, a computer vision startup based in Shenzhen, has raised $8 million in pre-Series A funding for SimCam, its line…
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Trends
Jack Ma officially retires as Alibaba’s chairman
Jack Ma stepped down as Alibaba’s chairman today, handing the role over to the company’s current CEO Daniel Zhang. The…
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Trends
Alibaba acquires NetEase Kaola in deal worth $2 billion
Alibaba Group has acquired NetEase Kaola for $2 billion, the two companies said today, and will integrate it into Tmall,…
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STARTUPS
WeChat restricts controversial video face-swapping app Zao, citing “security risks”
Zao went viral in China this weekend for its realistic face-swapping videos, but after controversy about its user policy, WeChat…
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Finance
WeChat Pay and Alipay partner QFPay raises $20 million to develop new digital payment solutions
Digital payments startup QFPay announced today that it has raised $20 million in new funding led by returning investors Sequoia…
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Trends
Through a new partnership and $72 million in funding, LanzaTech expands its carbon capture tech
For nearly fifteen years LanzaTech has been developing a carbon capture technology that can turn waste streams into ethanol that…
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Trends
Trueface raises $3.7M to recognise that gun, as it’s being pulled, in real time
Globally, millions of cameras are in deployed by companies and organizations every year. All you have to do is look…
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Trends
Tencent brings cloud service to Japan in global push
The world’s largest video game publisher is looking outside its home country for growth. Tencent, the Chinese internet behemoth that…
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