Internet of Things

The investment was led by CTC Capital and joined by private equity firm Sinowisdom.

Investors are betting on China’s domestic semiconductor industry as Sino-US tensions have led the country to pursue self-reliance for key components.

DST Technology offers air monitoring solutions for companies and local government departments.

The Apollo Park in Beijing is equipped with facilities to support the full autonomous vehicle development process, from research to testing.

The move comes just after the Internet of Vehicles provider Gosuncn formed a cooperation with Baidu’s rival WeRide.

At China’s most important political event of the year, they called for development in 5G, IoT, and tech education, among other fields.

China is trying to catch up in commercial space tech while SpaceX is planning for its first astronaut launch on Wednesday.

The company raised a total of USD 1.5 billion in venture capital funds to back its growth.