Investors in talks to pour $3 billion into Elon Musk's AI startup xAI in new funding round that could value it at $180 billion
Investors are in talks to help Elon Musk's artificial intelligence (AI) startup xAI raise $3 billion in a new funding round that would value the company at $180 billion, according to a report on April 7 by a foreign media outlet. Key Players Venture capital firms Gigafund and Steve Jurvetson are reportedly among the backers considering participating in the funding round...
Physical Retail's Resurgence: Rise of Malls with Annual Sales Exceeding 200 Billion Yuan
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Taobao Invests Heavily in Content E-commerce With 100 Billion Yuan
Taobao has announced a significant investment in content e-commerce, with plans to allocate an additional 100 billion yuan in cash and 1 trillion yuan in traffic. The platform aims to partner with ecosystem partners, including broadcasters, influencers, agencies, brands, and merchants, to share in the benefits of content monetization...
Xingji Meizu Group announced the completion of 2 billion yuan angel+round and A round financing
On November 16th, Xingji Meizu Group announced that it will complete a total of 2 billion RMB angel+round and A round financing in 2023, with a post investment valuation of over 10 billion RMB.It is reported that in the first half of this year, Xingji Meizu Group completed angel+round financing, with investors including Rongyi Investment, Xingyuan Fund, Wuhan Economic Development, etc...
NetEase's Q3 2023 financial report: Net revenue of 27.3 billion yuan and net profit of 8.6 billion yuan
E Company News: On November 16th, NetEase released its financial report for the third quarter of 2023, with Q3 net revenue of 27.3 billion yuan, in line with market expectations, compared to 24...
36 Krypton Exclusive | Xingji Meizu Gets 2 Billion RMB Financing, Li Shufu's Mobile Phone Company Squeezes onto the Car Making Table
Wen | Peng SupingEditor | Li Qin and Yang XuanHuawei's use of smart cars has caused a huge wave in the car market, and Xiaomi Motors is about to emerge. Meizu, who once competed with Taiwan, is not willing to remain silent on the automotive landscape...
Huawei's total debt has exceeded the 700 billion yuan mark, reaching a new historical high!
Huawei released its third quarter report at the end of October, and most of us are focused on Huawei's net profit, but have overlooked Huawei's total liabilities.Huawei's revenue in the first three quarters of this year was 456...
Jia Nailiang's Double 11 sales exceeded 1.36 billion yuan! Netizens have discovered that over 200 yuan down jackets are sold for 449 yuan, questioning their ability to "cut leeks" and responding by offering more discounted products to everyone
Yuanwang Technology stated on the interactive platform that the company's contracted star Jia Nailiang achieved a GMV of over 1.36 billion yuan during the Double Eleven period this year...
JD Home's revenue in the third quarter of 2023 is 1.8 billion yuan
On November 15th, Dada Group released its performance report for the third quarter of 2023, with multiple core indicators achieving steady growth. In the third quarter, the total revenue of Dada Group reached 2...
Pinduoduo released 11.11 data: Over 40 categories have doubled, with a 10 billion yuan increase in subsidy orders, a year-on-year increase of 107%
On November 13th, Pinduoduo November 11th ushered in a truly fragrant ending, with a record high number of brands, merchants, and products participating in the platform's promotion. More than 40 sub categories such as agricultural products, domestic products, and global good goods achieved double growth, with a year-on-year increase of 107% in the number of 10 billion subsidy orders...
Li Jiaqi's team responded to the "Double 11 revenue of 25 billion yuan": never releasing data, economists: the development trend of live streaming e-commerce has begun to shift from "top anchor" to "store anchor"
On November 13th in the financial industry, according to media reports today, according to Li Jiaqi's team's statistics, based on the sales and selling prices of Li Jiaqi's live streaming room, during the Double Eleven period this year, Li Jiaqi's total revenue is conservatively estimated to exceed 25 billion yuan. According to media reports, the US ONE side responded by stating that it never released the Double Eleven data...
Burn down 20 billion! ByteDance explodes "big retreat"!
ByteDance announced a large-scale layoff of its Pico business, which means that ByteDance is conducting a "big retreat". At the recent staff meeting, Pico President Zhou Hongwei announced the organizational structure adjustment plan, which will adjust the personnel of Pico's market, games, video, live broadcast and other teams, and integrate Pico's mobile OS team into the ByteDance product development and engineering architecture platform...