20 June 2025

China’s top player Empyrean eyes opportunities from US chip curbs on design software

China’s top player Empyrean eyes opportunities from US chip curbs on design software

Chinese chip-design software company Empyrean Technology has pledged to become one of the world’s top electronic design automation (EDA) providers, as new US export restrictions bring both opportunities and challenges to the domestic industry. Founded in 2009 and based in Beijing, Empyrean aims to ascend to the top tier of EDA providers, capitalising on the […]

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TikTok ‘continues to work with’ VP Vance on deal as its US fate hangs in the balance

TikTok ‘continues to work with’ VP Vance on deal as its US fate hangs in the balance

TikTok, the popular short video app owned by China’s ByteDance, thanked US President Donald Trump, while stating it was still working with Vice-President J.D. Vance who was tasked with brokering a deal under a sell-or-ban law. While TikTok’s fate remains in limbo after Trump offered another 90-day postponement on the deadline for a deal, it

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Unitree Robotics reaches unicorn status with ByteDance, Alibaba, Tencent funding

Unitree Robotics reaches unicorn status with ByteDance, Alibaba, Tencent funding

Unitree Robotics, a leading player in China’s booming robotics industry, has completed a new round of financing, attracting investment from some of the country’s biggest tech companies amid excitement surrounding this sector. The Hangzhou-based company, founded by Wang Xingxing, was valued at over 10 billion yuan (US$1.3 billion), according to investors and local media reports.

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Ant Group pushes wider adoption of AI-enabled smart glasses for mobile payments

Ant Group pushes wider adoption of AI-enabled smart glasses for mobile payments

The first such payment outside mainland China was recently completed in Hong Kong using Meizu’s StarV smart glasses, according to a statement on Thursday by the company, an affiliate of Post owner Alibaba Group Holding. That transaction was made via AlipayHK, the Hong Kong platform of Ant Group’s flagship Alipay app, using Meizu’s smart eyewear

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