Internet of Things

The investment follows the direction set by Premier Li Keqiang last month, when he announced details of the government’s 3.6 trillion yuan fiscal stimulus package.

Kingsoft Cloud’s positioning in China’s cloud market may not matter as demand is set to swell.

China has prioritized the development of computing chip technology to cut reliance on foreign imports, leading to a wave of local semiconductor startups.

The Beijing-based firm might steal Baidu’s position in China’s BAT triumvirate.

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.