Recently, Wenge Group, China's leading big data service provider and AI infrastructure platform announced it has raised 200 million yuan ($ 28 million) in a Series C round of financing, led by state-owned Shenzhen Capital Group and co-invested by CAS Holdings, Cash Capital, JC Capital and Fenghou Capital. After the round, Wenge Group will continue to focus on the theoretical and technological breakthroughs in perceptual intelligence, cognitive intelligence and decision-making intelligenc...

Recently, Wenge Group, China's leading big data service provider and AI infrastructure platform announced it has raised 200 million yuan ($ 28 million) in a Series C round of financing, led by state-owned Shenzhen Capital Group and co-invested by CAS Holdings, Cash Capital, JC Capital and Fenghou Capital. After the round, Wenge Group will continue to focus on the theoretical and technological breakthroughs in perceptual intelligence, cognitive intelligence and decision-making intelligenc...

On August 3, Zoom, a US-based online video conferencing software company, announced that it would cease its direct sales operations in mainland China. Zoom's official announcement stated that as of August 23rd, no new Zoom service or upgrades will be sold directly to customers with billing addresses in mainland China. Zoom will only sell their services in mainland China through partners "who have Zoom's technology embedded in their products and who will provide better-localized serv...

On August 3, Zoom, a US-based online video conferencing software company, announced that it would cease its direct sales operations in mainland China. Zoom's official announcement stated that as of August 23rd, no new Zoom service or upgrades will be sold directly to customers with billing addresses in mainland China. Zoom will only sell their services in mainland China through partners "who have Zoom's technology embedded in their products and who will provide better-localized serv...

The outbreak has put economies around the world to a severe test. Although the epidemic affected a number of industries, it also boosts the development of some industries, such as biomedicine, office software, e-commerce. Some time ago, Meiguyanjiushe (ID: meigushe) published an article focusing on why the e-commerce sector has been able to weather the bull and bear market. Since the first half of this year, the share price performance of the e-commerce sector are very bright, such as Amazon,...

The outbreak has put economies around the world to a severe test. Although the epidemic affected a number of industries, it also boosts the development of some industries, such as biomedicine, office software, e-commerce. Some time ago, Meiguyanjiushe (ID: meigushe) published an article focusing on why the e-commerce sector has been able to weather the bull and bear market. Since the first half of this year, the share price performance of the e-commerce sector are very bright, such as Amazon,...

On July 28, Chinese tech giant Tencent has just made its third-party payment platform WeChat Pay available in Turkey for direct payments by tourists. Chinese companies, such as Ant Group and Tencent, have already launched mobile payment competition overseas. Alipay and WeChat Pay have penetrated hundreds of overseas cities, enabling Chinese tourists to make direct purchases without the need to exchange currencies. But serving only Chinese tourists isn't enough, therefore, the giants like...

On July 28, Chinese tech giant Tencent has just made its third-party payment platform WeChat Pay available in Turkey for direct payments by tourists. Chinese companies, such as Ant Group and Tencent, have already launched mobile payment competition overseas. Alipay and WeChat Pay have penetrated hundreds of overseas cities, enabling Chinese tourists to make direct purchases without the need to exchange currencies. But serving only Chinese tourists isn't enough, therefore, the giants like...

On August 10, Sogou released its financial results for the second quarter ended June 30, 2020. According to the financial data, in 2020 Q2, Sogou's revenue reached $261 million, down 14% year-on-year, which is the first time since Sogou's IPO in 2017 that its revenue has declined year-on-year. GAAP net loss attributable to Sogou was $8.5 million, compared to a net income of $21.3 million in the prior-year period, and non-GAAP net loss attributable to Sogou was $5.5 million. Sogou po...

On August 10, Sogou released its financial results for the second quarter ended June 30, 2020. According to the financial data, in 2020 Q2, Sogou's revenue reached $261 million, down 14% year-on-year, which is the first time since Sogou's IPO in 2017 that its revenue has declined year-on-year. GAAP net loss attributable to Sogou was $8.5 million, compared to a net income of $21.3 million in the prior-year period, and non-GAAP net loss attributable to Sogou was $5.5 million. Sogou po...

Digitalization has brought new opportunities for the development of the energy industry. And nowadays, big data, cloud computing, AIoT and other new technologies have become the new engine for energy terminal companies to slot in and seize the market. China's professional energy retail terminal operation service provider - Newlink uses data services for traditional energy enterprises to build a new, diversified service scenario, which is favored by capital and industry. A few days ago, N...

Digitalization has brought new opportunities for the development of the energy industry. And nowadays, big data, cloud computing, AIoT and other new technologies have become the new engine for energy terminal companies to slot in and seize the market. China's professional energy retail terminal operation service provider - Newlink uses data services for traditional energy enterprises to build a new, diversified service scenario, which is favored by capital and industry. A few days ago, N...

文章来源丨21世纪经济报道（jjbd21） 编 辑丨刘巷，实习生思纯 Recently, the merger of Douyu and Huya once again triggered market concerns. As confirmed by a number of people close to the deal, Tencent did make a proposal to facilitate the merger of Douyu and Huya. According to reports, the merger of Douyu and Huya will have a combined value of $10 billion. As a result of this news, the shares of Douyu and Huya have surged. The public information shows that Tencent owns a 37% stake in Huya and 38% of Douyu. And Tencent ...

文章来源丨21世纪经济报道（jjbd21） 编 辑丨刘巷，实习生思纯 Recently, the merger of Douyu and Huya once again triggered market concerns. As confirmed by a number of people close to the deal, Tencent did make a proposal to facilitate the merger of Douyu and Huya. According to reports, the merger of Douyu and Huya will have a combined value of $10 billion. As a result of this news, the shares of Douyu and Huya have surged. The public information shows that Tencent owns a 37% stake in Huya and 38% of Douyu. And Tencent ...

Just one night after Li Auto's IPO in the U.S., rumors are spreading that Xpeng will make US IPO filing public in August. According to Reuters' media IFR, the size of the IPO will be at least $700 million. If it is successful, then the company will become the third-biggest Chinese electric-vehicle start-up to go public in the U.S. after NIO, Li Auto. Just on July 20, Xpeng announced that it has secured $500 million in its C+ round funding, with investors including Hillhouse and Sequ...

Just one night after Li Auto's IPO in the U.S., rumors are spreading that Xpeng will make US IPO filing public in August. According to Reuters' media IFR, the size of the IPO will be at least $700 million. If it is successful, then the company will become the third-biggest Chinese electric-vehicle start-up to go public in the U.S. after NIO, Li Auto. Just on July 20, Xpeng announced that it has secured $500 million in its C+ round funding, with investors including Hillhouse and Sequ...

HashQuark, Asia-based leading blockchain infrastructure service provider, has announced that it has closed its Series A equity funding round. The round was led by Qiming Venture Partners, one of China's leading venture capital firms, with other investors including Fenbushi Capital, HashKey Capital, Hash Global, imToken Ventures, and SNZ. It is also reported that HashQuark is one of the few companies in the staking service ecosystem that has received favorable treatment from traditional t...

HashQuark, Asia-based leading blockchain infrastructure service provider, has announced that it has closed its Series A equity funding round. The round was led by Qiming Venture Partners, one of China's leading venture capital firms, with other investors including Fenbushi Capital, HashKey Capital, Hash Global, imToken Ventures, and SNZ. It is also reported that HashQuark is one of the few companies in the staking service ecosystem that has received favorable treatment from traditional t...

Focus:Sogou's growth has hit a bottleneck, and being acquired by Tencent may be the best outcome for the company.The underlying cause is the differentiation of the search track, with generic search gradually dying out.The search war between the giants continues to escalate, the addition of Sogou will enhance Tencent's strength.On July 27, it was announced that Tencent will acquire Sogou for $9 per share. If the deal is completed, Sogou will become a wholly owned subsidiary of Tencen...

Focus:Sogou's growth has hit a bottleneck, and being acquired by Tencent may be the best outcome for the company.The underlying cause is the differentiation of the search track, with generic search gradually dying out.The search war between the giants continues to escalate, the addition of Sogou will enhance Tencent's strength.On July 27, it was announced that Tencent will acquire Sogou for $9 per share. If the deal is completed, Sogou will become a wholly owned subsidiary of Tencen...

ByteDance has a new move in the education field. Recently, Chen Lin, senior vice president and head of education business of ByteDance, conducted a full sharing entitled "Zero To One". On the occasion of the first anniversary of ByteDance's entry into the education industry, Chen Lin talked about his thoughts and outlook on this move. In this speech, Chen Lin repeatedly mentioned its children's English education product GoGoKid, which has aroused curiosity among industry insiders. T...

ByteDance has a new move in the education field. Recently, Chen Lin, senior vice president and head of education business of ByteDance, conducted a full sharing entitled "Zero To One". On the occasion of the first anniversary of ByteDance's entry into the education industry, Chen Lin talked about his thoughts and outlook on this move. In this speech, Chen Lin repeatedly mentioned its children's English education product GoGoKid, which has aroused curiosity among industry insiders. T...

This year, the pace of Tencent Cloud's business expansion and deployment has accelerated significantly due to the impact of the Covid-19 epidemic, the "New Infrastructure" initiative, and the "Digital Empowerment" initiative. First, in early July, a data center that can accommodate millions of units in Qingyuan was officially opened for service, then, Tencent Politics announced a new strategic upgrade. In addition, Alibaba Cloud and Tencent Cloud’s battle for the lead has become more int...

This year, the pace of Tencent Cloud's business expansion and deployment has accelerated significantly due to the impact of the Covid-19 epidemic, the "New Infrastructure" initiative, and the "Digital Empowerment" initiative. First, in early July, a data center that can accommodate millions of units in Qingyuan was officially opened for service, then, Tencent Politics announced a new strategic upgrade. In addition, Alibaba Cloud and Tencent Cloud’s battle for the lead has become more int...