2024-06-20
NEW: Moonshot AI, one of China's top AI startups, recently entered the U.S. market with two products—an AI role-play chat app and a music video generator. Here is our story about why Chinese AI startups are expanding outside China. w/@QianerLiu. https://www.theinformation.com/ ...
The Information
China's top-valued AI startup, Moonshot AI, recently debuted a role-play chat app and music maker app in the US; Chinese rival MiniMax also expanded to the US
2024-02-21
TikTok has emphasized its leaders are not in China. But CapCut, a ByteDance-owned video-editing app popular with TikTok users in the U.S., is directly run by China-based leaders. CapCut was the second most downloaded free iPhone app in the U.S. last year. https://www.theinformation.com/ ...
The Information
Sources: some ByteDance executives expressed concerns over running the video editing app CapCut from China given the political scrutiny facing TikTok in the US
Juro Osawa / The Information :
2024-02-03
NEW: Baidu Venture, a VC firm backed by Chinese tech giant Baidu, is in talks to sell its stakes in U.S. startups to an American buyer. The firm's U.S portfolio includes AI robotics startup Machina Labs, which counts the U.S. Air Force as a customer. https://www.theinformation.com/ ...
The Information
Sources: Baidu Venture is in talks to sell its stakes in US startups, including AI robotics startup Machina Labs, to US buyers, as US-China relations sour
Juro Osawa / The Information :
2023-06-13
NEW: Decoupling hits venture capital. U.S. investors (pensions, endowments, foundations) are halting China investments. It could spell the end of a two-decade relationship in which American capital backing Chinese VC/PE funds fueled local tech superstars. https://www.theinformation.com/ ...
The Information
Preqin: total US dollars raised by China-focused VC and PE funds peaked at $48.6B in 2021 before dropping to $16.5B in 2022 and just $1.15B so far in 2023
The Information https://www.theinformation.com/ ... Dan Wang / @danwwang : A stark drop for VCs as endowments and pensions decide to stop investing in China: https://www.theinforma...
2023-03-10
The fate of Silicon Valley Bank is a huge concern in China. SVB, which established its first Chinese arm nearly two decades ago, has long played a pivotal role for Chinese VC firms and startups raising money in U.S. dollars. https://www.theinformation.com/ ...
Financial Times
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities
Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …
2022-03-26
Sequoia Capital China is in talks to raise more than $8 billion across four new funds (seed, venture, growth & one more late-stage fund) — gearing up for more deals at a time of uncertainty for China's tech sector. https://www.theinformation.com/ ... via @theinformation
The Information
Sources: Sequoia China, whose portfolio includes ByteDance and online fashion startup Shein, is in early talks to raise $8B+ across four new funds
2021-11-16
EXCLUSIVE: TikTok owner ByteDance's 2021 gross revenue is on track to reach 400 billion yuan ($63 billion), up about 60% from last year. The majority of its revenue come from ad sales in China. https://www.theinformation.com/ ... via @theinformation
The Information
Sources: ByteDance's gross revenue is on track to rise 60% YoY to $63B this year, slightly slower than last year's growth
ByteDance's gross revenue is on track to rise about 60% to 400 billion yuan (about $63 billion) this year, cementing the TikTok owner's position as one of the world's …
2020-03-08
EXCLUSIVE: Huawei expects its smartphone shipments to fall around 20% this year, in what would be its first year-on-year decline. Google ban is taking a toll on its overseas sales. http://thein.fo/... via @theinformation
The Information
Sources: Huawei is projecting that its annual smartphone shipments will fall around 20% this year
Huawei is projecting that its annual smartphone shipments will fall around 20% this year, in what would be its first year-on-year decline, as a result of U.S. sanctions on its busi...