Fortune Capital has led a RMB100 million (US$15 million) series B+ round in AllMobilize Inc., a Beijing-based start-up providing HTML5 solutions to enterprises across web and mobile devices. The company, known as Yunshipei in Chinese, says it will use the proceeds on product research and development, as well as technology advancement. Founded in 2012, AllMobilize […]
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Petuum, Inc., a startup building an artificial intelligence and machine learning solution development platform, has closed a US$15 million series A funding round led by China's Advantech Capital, it said today. Tencent Holdings Ltd., Northern Light Venture Capital and Oriza Ventures also participated. Founded by Dr. Eric Xing, a professor and associate head of research […]
Ctrip.com International, Ltd. has appointed Jane Jie Sun (pictured) as chief executive officer, as James Jianzhang Liang resigns his CEO post and remains as executive chairman of the board, the firm announced today. Sun will also become a member of the board of directors. The appointments are effective immediately. Liang, formerly chairman and CEO, will […]
Beijing-based fitness mobile app developer Hotbody has raised a series B funding round worth over RMB100 million (US$15 million) led by Haodao Capital, with participation from Ameba Capital. The company says it will use the proceeds on team expansion and brand marketing, as well as enhancing its content and driving up revenues. Founded in 2014, […]
Warburg Pincus and Vietnam-focused private equity firm VinaCapital have launched a joint venture to invest and develop hospitality projects across Southeast Asia, according to an announcement. The joint venture, created by affiliates of Warburg Pincus, VinaCapital and its founder Don Lam, aims to become a top hotel platform in Vietnam and Southeast Asia, with a […]
Xiaomi Inc. has launched a discovery lab to focus on artificial intelligence and virtual reality research, as the Chinese smartphone company moves to strengthen its core technology capabilities, founder Lei Jun said. "Technology discovery and innovation are at the heart of Xiaomi," Lei Jun stated during an interview with a Chinese national television broadcaster in […]
The era of mobile Internet is ending and future opportunities in technology exist in artificial intelligence, Robin Li, the CEO of Internet search leader Baidu Inc., said yesterday at the third World Internet Conference in Wuzhen, Zhejiang province. "There will be no tech unicorns emerging from the mobile Internet sector, as it is already a […]