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SenseTime and Yitu Technology, two of China’s four loss-making “AI dragons,” have few options other than to go public to raise capital.

E-commerce, fintech, and edtech were the most funded verticals in the past 18 months.

Chinese market accounts for 70% of sales, reversing past source of revenue.

Tencent Q2 profits surged nearly 30% despite regulatory crackdowns.

The development comes three weeks after the Mumbai-based beauty brand closed a USD 71.3 million Series C round to scale its business across the South Asian market.

Around 1.9 million short videos and 7,000 popular films and shows have been removed.

Human drivers may become a thing of the past.

Thailand has similar agreements with Vietnam, Malaysia, Cambodia, and Singapore.