start-ups

Baidu, investors said to be in talks to raise US$2 billion for biotech start-up using AI technology

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[ Chinese tech giant Baidu is in talks with investors to raise up to US$2 billion over three years for a biotech start-up, which will use artificial intelligence (AI) technology to discover new drugs and diagnose diseases, a person with direct knowledge of the matter said. A second person confirmed the start-up plan. Baidu is … Read more

China’s WeRide raises US$200 million from bus maker Yutong Group as autonomous driving race heats up

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[ Chinese autonomous driving start-up WeRide has raised US$200 million in Series B1 funding from China’s top commercial bus manufacturer, Yutong Group, as more traditional vehicle makers look to develop autonomous driving technologies and the industry expects more policy support from the government. “WeRide is now the only autonomous driving company to obtain strategic investment … Read more