Nreal, one of the most-watched mixed reality startups in China, just secured $40 million from a group of high-profile investors in a Series B round that could potentially bring more adoption to its portable augmented headsets. Kuaishou, the archrival to TikTok’s Chinese version Douyin, led the round, marking yet another video platform to establish links…
The private launch industry isn’t showing any signs of slowing down, and a new $172 million Series B round of funding for China commercial launch startup iSpace indicates it could be heating up internationally. The new funding was led by Beijing Financial Street Capital Operation Center, CICC Alpha, Taizhonghe Capital and includes participation from existing…
The Chinese People’s Liberation Army (PLA) used social media on Wednesday to publish a short video clip of Hong Kong air defense drills. A military analyst told the island’s leading dissident newspaper, Apple Daily, that the incongruous 48-second video was meant as a warning to the United States against interfering with China’s oppression of Hong…
Over a third of the world’s smartphone sales come from Chinese vendors Huawei, Xiaomi and Oppo. These manufacturers have thrived not only because they offer value-for-money handsets thanks to China’s supply chains, but they also enjoy a relatively open mobile ecosystem, in which consumers in most countries can freely access the likes of Google, Instagram…
An unnamed U.S. security official told Reuters on Friday that hackers linked to the Chinese government have targeted Moderna, Inc., a Massachusetts-based biotech firm conducting research on vaccines for the Wuhan coronavirus. Moderna representatives confirmed that the company has been in contact with the FBI about “information reconnaissance activities” conducted against it by the Chinese…
Tech firms around the world are in an overdrive to help battle the coronavirus pandemic. Research showed that 6.5% of COVID-19 patients can suddenly progress to serious illness, and among them the mortality rate can be as high as 49%. Therefore one of the key tasks for health authorities is to identify and treat patients…
Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day…
Chinese e-commerce giant JD.com’s shares rose 5.7% after opening at HKD $239 (about USD $30.80) during their first day of trading on the Hong Kong stock exchange. JD.com had originally priced the shares for the secondary offering at $226. JD.com issued 133 million new Class A ordinary shares as part of the secondary offering and…
House Foreign Affairs Committee Republicans released an interim report on the coronavirus Monday night that said Chinese Communist Party (CCP) leaders, including China’s president, knew there was a pandemic ongoing “weeks” before it was announced, and that it is “highly likely” it could have been prevented. The report’s conclusion stated: Senior CCP leaders, including CCP…
Beijing (AFP) – The Chinese virology institute at the center of US allegations it may have been the source of the COVID-19 pandemic has three live strains of bat coronavirus on-site, but none match the new global contagion, its director has said. Scientists think COVID-19 — which first emerged in the central Chinese city of…
