After over a month of negotiations, TikTok has chosen a US company to partner with: Oracle, a California-based cloud computing giant. On Sunday Microsoft, long tapped to purchase the ByteDance-owned app, announced its bid had been rejected by the Beijing-based company. ByteDance instead selected Oracle to be its "technology partner" in the US, a person familiar with the situation said on Sunday evening. The proposed deal is expected to ...
The maker of an all-terrain robot that mimics the movements of a spider has closed a US$6 million series A financing round in Beijing. GGV Capital led the series A financing round in Vincross, a Beijing-based robotics start-up, ahead of the company's launch of its first product, an all-terrain six-legged robot spider called HEXA. Existing investor Zhen Fund also participated in the round, which the company says it will use for ...
Beijing China At Night
CAUSE FOR OPTIMISM So here's a tip – if you want to form a view on China over the next year ignore the headline economic data and focus on reform. For it is reform and nothing else that will keep growth at elevated levels. Already there's some cause for optimism. Andrew Baston, the China economist at Gavekal Dragonomics, has identified financial liberalisation, fiscal reform and business deregulation ...
About 12,000 buses in Beijing have completed their Wi-Fi network card upgrades and opened services to all travelers in the nation's capital. Wireless network bandwidth on the buses can reach 50M per second and the Wi-Fi network on a single bus can be used by at least 40 people at the same time. By accessing the hot spot named "16WiFi", passengers will be redirected to a website to download ...
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