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News

Xiaomi claims phone sales surge 70%        2017-07-07

Xiaomi shipped 23.16 million smartphones in the second quarter of 2017, a 70 percent spike from the previous quarter.

Baidu claims its AI technology can 'read' videos        2017-07-07

Baidu's artificial intelligence could let machines analyze video footages much better than humans, the company's executives shared on a developers' conference in Beijing Wednesday.

OLED company to be located in Zhongguancun        2017-07-07

Summer Sprout Technology, a manufacturer of Organic Light Emitting Diode (OLED) was opened at the Mentougou Park of Zhongguancun Science Park on June 26.

Ofo gears up with $700m of fresh funding        2017-07-07

Chinese bike-sharing company ofo Inc said on Thursday it has raised more than $700 million in a fresh round of financing to expand globally.

Bank offers $29b to help Zhongguancun startups        2017-07-06

Bank of Beijing (BOB) announced on June 28 it will offer 200 billion yuan ($29.4 billion) to facilitate the financing for startups in Zhongguancun, a technology hub often referred to as China's Silicon Valley, over next three years.

Ofo raises $700m in latest financing round        2017-07-06

Chinese bike sharing company Ofo announced on Thursday it has raised more than $700 million in its latest round of financing, the largest in the bike-sharing industry to date.