BRIEF: Kingsoft Cloud raises $359 million to support AI expansion
Cloud computing services provider Kingsoft Cloud Holdings Ltd. (3896.HK; KC.US) said on Wednesday it placed 338 million new shares at HK$8.29 apiece to raise HK$2.8 billion ($359 million) The offer…
Flowing Cloud taps investors for more cash as metaverse halo disappears
The marketing services provider, once billed as Hong Kong’s ‘first metaverse stock,’ plans to raise about $10 million through a share placement to ease its financial pressure Key Takeaways: Flowing…
Hello Group takes ‘Cyrano approach’ in bid to rekindle China’s dating interest
The leading dating app has launched an AI-backed function that advises people on what to say to prospective dates, as it tries to return to revenue growth after five years…
BRIEF: Yunfeng invests $44 million for 10,000 ether tokens
Yunfeng Financial Group Ltd. (0376.HK) said on Tuesday it purchased 10,000 ether tokens on the open market for $44 million. Funds for the purchase came from the company's internal reserves,…
How China’s AI model applications are driving a new business landscape
AI competition is shifting from models to applications, creating new opportunities in consumer and enterprise markets while reshaping industries LeadLeo Research Institute As the rollout of new AI model…
Joyson Electronic enters robotic race in bid to soup up its IPO
The veteran maker of automotive air bags, which boasts over 100 clients, has filed to list on the Hong Kong Stock Exchange Key Takeaways： Joyson Electronic has filed to list…
BRIEF: Lenovo’s quarterly profit doubles as revenue hits record
PC giant Lenovo Group Ltd. (0992.HK) announcedon Thursday that its profit rose 107.8% year-on-year to $510 million for its first fiscal quarter through June, while its non-HKFRS profit rose by…
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