The start-up, valued at US$2.2 billion, secured funding from a private equity entity under Shanghai State-owned Capital Investment. ( read original story ...)
Judicial intervention ensures compensation for fraud bank card withdrawal
A few years ago, Wynne encountered an incident that has been impressed upon his memory. It happened that one of his bank cards saw a fraudulent withdrawal overseas, causing a loss of 5,000 yuan ... ( read original story ...)
China’s technology shares are sizzling. Just ask South Korean investors
"China's tech share sector has been booming since the start of this year, beginning with the rise of new concepts fostered by star company DeepSeek," Haitong Securities said in a note. "Investor ... ( read original story ...)
Former World Bank president: China’s huge transformation from poverty is amazing
China's transformation in the past decades was fascinating, said Former World Bank president Robert Zoellick during an interview with China Daily during a recent visit to Shanghai. ( read original story ...)
Biren secures pre-IPO funding as valuation tops US$2.1B, backed by Shanghai AI Industry Fund
Shanghai Guotou Pioneer Fund announced via its official WeChat account that its AI industry fund led a fresh investment round in Biren Technology (Biren), one of China's top GPU startups. Several ... ( read original story ...)
China bonds drop as expectations of imminent rate cuts fade
Chinese government bonds fell on Monday and 10-year yields climbed to three-month highs after comments from the central bank governor tempered market bets of imminent interest rate cuts. ( read original story ...)
Exclusive: Biren Technology Prepares for IPO at a Valuation Over US$ 2 Billion
AsianFin -- Biren Technology, with valuation at 15.5 billion yuan (a bout US$2.2 billion), has initiated the process of going public through an IPO and is currently in the tutoring stage, according to ... ( read original story ...)