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Chinese EV Startup Hozon Raises USD961 6 Million in Pre-IPO Funding Round

Chinese EV Startup Hozon Raises USD961 6 Million in Pre-IPO Funding Round
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Top scientist at Chinese AI giant Megvii dead at 45

Sun Jian, the 45-year-old chief scientist of Chinese artificial intelligence (AI) firm Megvii Technology, died on Tuesday (June 14) of a sudden illness, which the company did not specify. “Dr Sun Jian has dedicated his whole life to scientific research. With his unfortunate passing, Megvii has lost a leader in the exploration of and innovation in the AI technology field,”.

China Chipmaker SMIC s Shares Dive as Ex-Director Jiang Returns

SMIC’s Shares Dive After Co-CEO Is Said to Have Quit China’s Top Chipmaker Lai Shasha SMIC’s Shares Dive After Co-CEO Is Said to Have Quit China’s Top Chipmaker (Yicai Global) Dec. 16 Shares of Semiconductor Manufacturing International Corporation plunged following media reports that the co-chief executive at China’s top chipmaker has made an abrupt departure. SMIC’s shares [SHA: 688981] fell as much as 9.8 percent in Shanghai before closing 5.5 percent lower today at CNY55.20 (USD8.46) each, while its Hong-Kong listed stock [HKG: 0981] lost 4.9 percent to finish at HKD20.20 (USD2.61), after earlier sliding as much as 9.6 percent.

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