Sources: Thrive and Capital Group visited China to study its AI scene, joining a wave of US investors rekindling interest in China after DeepSeek's advances
Lulu Yilun Chen / Bloomberg : X: @luluyilun X: Lulu Yilun Chen / @luluyilun : Scoop: Capital Group, Kushner's Thrive visited China to study AI scene, as US investors rekindle interest in the country ...
Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 279% to ~$1.7B, partly due to its equity investment gains; BABA drops 5%+
Crypto Sentiment Shifts Cissy Zhou / Nikkei Asia : Alibaba's Q1 revenue falls short as international e-commerce falters Bill McColl / Yahoo Finance : Alibaba Misses Forecasts on Chinese Consumer Slowd...
Sources: PlusAI, which develops self-driving trucks and is backed by Sequoia Capital, is close to raising ~$200M at a valuation of $1B+
Bloomberg : Tweets: @drboycewatkins1 and @luluyilun Tweets: Dr Boyce Watkins / @drboycewatkins1 : If you're into trucking, be mindful. This is coming down the pipeline https://www.bloomberg.com/... L...
Source: Meicai, an online marketplace in China for vegetables and more, has raised about $800M, led by Hillhouse Capital and Tiger Global, at a $7B valuation
Lulu Yilun Chen / Bloomberg : Tweets: @technology , @tekkamana , @jasonlk , and @luluyilun Tweets: @technology : A Chinese rocket scientist's startup that helps farmers sell vegetables to restaurants...
Tencent is investing $150M a year in the $13B esports market and working with the NBA and Under Armour on revenue deals, as the gaming mania spreads in China
Bloomberg : Tweets: @luluyilun Tweets: Lulu Yilun Chen / @luluyilun : At least 10k esports teams exist across China, with top gamers boasting net worths of up to 10 m yuan & #Tencent investing at lea...