Kuaishou's AI video unit is raising over $2 billion from potential lead investors including Tencent, Alibaba, and Sequoia — competitors who also build rival products.
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DeepSeek has launched a major recruitment drive targeting at least 33 open positions across 7 hiring categories, with a stated goal of doubling the size of every department. The company is explicitly linking the expansion to its pursuit of artificial general intelligence.
Li Auto launched the all-new L8 extended-range hybrid on June 23 equipped with a self-developed, ultra-fast charging battery. The cells are designed in-house but manufactured by partner Sunwoda, with a joint venture between the two companies targeting mass production in 2026.
Origin Quantum, China's highest-valued quantum computing company, completed a pre-IPO financing round of nearly 3 billion yuan in approximately 30 days, pushing its post-investment valuation to close to 24 billion yuan.