Shanghai-backed firm helps AI start-up Stepfun raise ‘hundreds of millions of dollars’

Shanghai-backed firm helps AI start-up Stepfun raise ‘hundreds of millions of dollars’

[South China Morning Post] - 12/26/2024

Fortera Capital, a private-equity firm under the Shanghai State-owned Capital Investment Co, led Stepfun’s recent series B funding round.



        e-mail

In Chinese newspapers

Oil giant Shell shuts Singapore processing unit to probe leak
Shell estimates that a few tonnes of refined oil products, along with cooling water discharge used in the refining (…)
[South China Morning Post] - 27/12/2024
China’s Xi to visit Russia in 2025 amid ‘double resistance’ to West, envoy to Beijing says
China and Russia must keep up their ‘double resistance’ to the ‘double containment’ from the West, Igor Morgulov (…)
[South China Morning Post] - 27/12/2024
Seoul says North Korean soldier injured in war captured by Ukraine
The development came days after Kyiv said about 3,000 North Koreans deployed to reinforce Russian troops had been (…)
[South China Morning Post] - 27/12/2024
Beijing hits back at US over condemnation of Hong Kong’s bounties on activists
US Department of State earlier rejected Hong Kong government efforts to ‘intimidate and silence’ individuals after (…)
[South China Morning Post] - 27/12/2024
China Yiche ethnic minority, known for open relationships, earliest wearers of mini-shorts
One of China’s oldest ethnic groups maintains many interesting customs, one of which allows men to touch women’s (…)
[South China Morning Post] - 27/12/2024
Hong Kong to extend open times at 2 border crossings for New Year countdown
Shenzhen Bay checkpoint to operate around the clock amid celebrations on New Year’s Eve, with Lo Wu crossing to (…)
[South China Morning Post] - 27/12/2024
100 Hongkongers evacuated after fire breaks out during ceremony for good luck
Police believe blaze caused by 62-year-old female resident’s burning of joss papers for a ritual for peace and (…)
[South China Morning Post] - 27/12/2024
China’s launches first Type 076 warship tipped to become world’s first ‘drone carrier’
The amphibious assault ship Sichuan has an electromagnetic catapult system and full-length launch deck, making it a (…)
[South China Morning Post] - 27/12/2024
China’s GenAI market continues to heat up as Beijing records more LLM filings
The latest batch of GenAI services registered in Beijing included large language models from Zhipu AI and Xiaomi (…)
[South China Morning Post] - 27/12/2024
Chinese scientists show animal brain changes while awake through neural imaging
Microscopy technology is promising because of potential for taking live imaging of the brain and other organs and (…)
[South China Morning Post] - 27/12/2024
China Olympic champions Fan Zhendong, Chen Meng stun table tennis fans with ‘retirement’
The duo, separately, say their decisions to step away are due to fines that will be imposed for missing (…)
[South China Morning Post] - 27/12/2024