Byju Raveendran, the founder of edtech giant Byju’s, finds himself embroiled in a corporate battle after a shareholder group voted to remove him as CEO. Despite the vote, Raveendran maintains in a letter to employees that he remains the company’s leader and argues that the shareholders’ actions were invalid. The shareholder group, which includes major...
Xiaomi unveiled its latest flagship smartphone, the 14 Ultra, on Thursday, specifically targeting the competitive high-end segment dominated by Apple and Huawei. Priced starting at 6,499 yuan (US$903), the 14 Ultra joins the Xiaomi 14 series and aims to undercut the iPhone 15 (5,999 yuan) and iPhone 15 Pro (7,999 yuan). Pre-orders are open, with...
NVIDIA, the graphics processing unit (GPU) giant, has experienced a remarkable journey in the past decade, fueled by the rise of artificial intelligence (AI). This article explores the company’s valuation trajectory from 2012 to 2023, analyzing how the development of AI has impacted its financial performance and market perception. Early Days: Building the Foundation (2012-2015)...
As China’s e-commerce titans continue their global expansion, JD.com has set its sights on the UK with a potential takeover bid for electronics retailer Currys. This move could mark a significant shake-up in the British retail landscape, raising questions about competition, consumer benefits, and China’s growing influence in the international marketplace. Currys, currently the UK’s...
Moonshot AI, a rising star in the Chinese artificial intelligence (AI) scene, has just closed a massive $1 billion funding round. This marks a significant development in the ongoing competition between AI research outfits, particularly in the wake of OpenAI’s impressive advancements. The funding round was led by e-commerce giant Alibaba and venture capital firm...
The European Union has launched a formal investigation into TikTok, raising the potential for hefty fines if the popular video app is found to have violated the bloc’s new Digital Services Act (DSA). This move follows concerns about potential breaches in areas related to child safety, advertising transparency, and algorithmic practices. The investigation, announced by...
China’s EV leader, BYD, is making waves with the launch of its new Qin Plus DM-i Glory Edition, a plug-in hybrid priced significantly lower than popular petrol cars like Volkswagen’s Lavida and Toyota’s Corolla. This strategic move aims to accelerate the transition from fossil fuels to EVs in a slowing economy, particularly attracting young, budget-conscious...
China’s intellectual property landscape is booming, with the number of high-value invention patents exceeding 1.66 million by the end of 2023. This represents a 25.7% increase year-on-year, showcasing the country’s growing commitment to innovation. This surge translates to an average of 11.8 high-value invention patents per 10,000 people nationwide, demonstrating the widespread impact of innovation...
China continues to dominate the global market for new energy vehicles (NEVs), accounting for a staggering 63.5% of all sales in 2023. This represents a significant jump from the previous year, with China selling a whopping 8.87 million NEVs – an impressive 37% increase. NEV penetration within China itself is also soaring, reaching nearly 30%...
OpenAI Enters Video Generation Arena with Impressive New Model, Sora Following in the footsteps of several players, from tech giants like Google and Meta to startups like Runway, OpenAI is making its mark on the video generation scene with the introduction of Sora. This generative AI model utilizes text prompts to create high-definition video, breathing...