Founded in 2015, LandSpace is 13 years younger than SpaceX, and apples-to-apples, it's probably more than a decade behind SpaceX in terms of development. Still, I'd argue it's the ... ( read original story ...)
MiniMax lists in Hong Kong as largest IPO among AI foundation model companies
Shanghai-based AI company MiniMax listed on the Hong Kong Stock Exchange on Jan. 9. Shares surged more than 50% during intraday trading, pushing the ... ( read original story ...)
Devoted Gamer’s Fortune Soars to $2.4 Billion on MiniMax IPO
It took four years to reach this point — the first three were defined by pure agony,” Yan said in an interview with Bloomberg in November. MiniMax’s debut on the Hong Kong Stock Exchange Friday serves ... ( read original story ...)
Shanghai steps up oversight of delayed payment practices hurting suppliers
Task force set up to protect supply-chain vendors and stabilise manufacturing amid fierce price wars Shanghai, mainland China's commercial and financial hub, has pledged to step up policing its ... ( read original story ...)
Shanghai’s Lingang to Establish Offshore Financial (Economic) Functional Zone to Enhance Openness
(Yicai) Jan. 8 -- Lingang Special Area, a key testing ground for economic and trade policies within the Shanghai Free Trade Zone, will establish an offshore financial (economic) functional zone this ... ( read original story ...)
China’s OpenAI rival Zhipu rises after $715 million IPO
Zhipu is the first of China’s “AI tigers” - start-ups building large language models - to go public. Read more at straitstimes.com. Read more at straitstimes.com. ( read original story ...)
China’s OpenAI rival Zhipu debuts in Hong Kong after US$558 mil IPO
Zhipu, founded in 2019 by researchers from China’s Tsinghua University, is celebrated as a pioneer in the nation’s AI industry. It is backed by Alibaba Group Holding Ltd., Tencent Holdings Ltd. and ... ( read original story ...)