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China to bridge tech gap for seniors, Meituan posts strong Q3 results: Retailheads

A man takes a morning walk in Shanghai on March 22, 2019. (Image credit: TechNode/Cassidy McDonald) China launched a new initiative last week to help seniors bridge the digital technology divide. Meituan posted stronger-than-expected earnings for the quarter ended Sept. 30. An e-commerce subsidiary of Chinese omni-channel retailer Suning completed its RMB 6 billion ($912…

China VC Weekly: Chinese Language, Agritech and Noodles

Last week saw a fundraising announcement from the Singapore-based Chinese language learning platform LingoAce. Guangzhou-headquartered agricultural drone maker Jifei Technology raised a record $182 million. Chinese noodle shop chain Hefu Noodle bagged a new round of investment from Tencent and others. Chinese language learning platform LingoAce raises $6 million  Singapore-based LingoAce – an edtech platform offering online…

Drive I/O | Will China regain leadership in the world EV race?

(Image credit: Pexels) China was once unrivaled in electric vehicle (EV) sales. Now, Europe threatens its dominance. It has been five years since China surpassed the US to become the world’s biggest EV market. Growth in China’s EV market was swift thanks to heavy government support in the form of subsidies. But this year Europe is set…

China FinTech unicorn Ant Group’s gross profit exceeded US$10 billion in 2020

CIW / Finance / China FinTech unicorn Ant Group’s gross profit exceeded US$10 billion in 2020October 22, 2020 By CIW TeamAnt Group, China’s fintech unicorn behind Alipay, announced that in the first three quarters of 2020, it realized 118.191 billion yuan of operating revenue, with a year-on-year increase of 42.56%.Its revenues come mainly from the…

China Reaches 110 Million 5G Users, Becoming World’s Biggest 5G Market

(Source: China Mobile) China has reached more than 110 million 5G users, making it the biggest 5G market in the world, announced Duo Liu, president of the China Academy for Information and Communications Technology (CAICT), a government-funded think tank, on Tuesday at a 5G industry forum in Chongqing.China has been making headway in building 5G…

China Aims to Develop Smart Agriculture

China is developing and promoting modern agriculture, aiming to combine technology and farming, with the help of e-commerce platforms. The Chinese Academy of Agricultural Sciences and Peking University signed a strategic cooperation agreement Monday, saying the two parties will strengthen scientific and technological collaborative innovation, work together to build a national rural high-end think tank,…

China VC Weekly: Mixed Reality and Cleaning Technology

(Source: Nreal) Qualcomm-backed mixed reality powerhouse Nreal bags $40 million from Kuaishou One of China’s most prominent mixed reality startups, Qualcomm-backed Nreal, announced the completion of a $40 million B1 round of financing led by the Chinese short-video giant and TikTok nemesis Kuaishou. Other investors included GP Capital; CCEIF Fund, under state-owned China Electronics Corporation…

China implements new export regulations, could impact TikTok sale

TikTok may have to obtain a license from the Chinese government before it can sell its U.S. operations TikTok may be facing a new obstacle in its plan to sell its U.S. operations in order to avoid a potential ban. The Chinese government is implementing new rules on AI (artificial intelligence) technology exports, according to…
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Trinamix’s molecular sensing lets smartphones assess the best cosmetics for your skin

Trinamix has created molecular sensing technology that lets you use your smartphone to test which cosmetics would be best for your skin. But that’s just one of the potential applications. The Ludwigshafen, Germany-based company is talking about the technology at the Snapdragon Tech Summit Digital 2020 event. While it’s not the first to come up…
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Podcast: Facial recognition is quietly being used to control access to housing and social services

Facial recognition technology is being deployed in housing projects, homeless shelters, schools, even across entire cities—usually without much fanfare or discussion. To some, this represents a critical technology for helping vulnerable communities gain access to social services. For others, it’s a flagrant invasion of privacy and violation of human dignity. In this episode, we speak…

Teardown Preview

Price: ÂŁ18.49Developer: Tuxedo LabsPublisher: Tuxedo LabsRelease: Out Now (Early Access Alpha)Teardown is a prime example of how technology is nothing without design. This knockabout heist-simulator is powered by a fantastic Voxel engine that makes the game’s environments entirely destructible. Walls, windows, rooftops, even vehicles can shatter into innumerable pieces when the right amount of force…

How AI-powered video compression could make an honest man out of Elon Musk

“LIDAR is a fool’s errand. Anyone relying on LIDAR is doomed. Doomed! Expensive sensors that are unnecessary. It’s like having a whole bunch of expensive appendices. Like, one appendix is bad, well now you have a whole bunch of them, it’s ridiculous, you’ll see.” Elon Musk, April 2019. Tesla’s approach to driverless vehicle technology has…

China to bridge tech gap for seniors, Meituan posts strong Q3 results: Retailheads

A man takes a morning walk in Shanghai on March 22, 2019. (Image credit: TechNode/Cassidy McDonald) China launched a new initiative last week to help seniors bridge the digital technology divide. Meituan posted stronger-than-expected earnings for the quarter ended Sept. 30. An e-commerce subsidiary of Chinese omni-channel retailer Suning completed its RMB 6 billion ($912…