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By Reuters Staff
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BEIJING, March 15 (Reuters) - Chinese search giant Baidu Inc said on Monday that its artificial intelligence chip unit Kunlun recently completed a round of fundraising, which according to one source with direct knowledge of the matter values the business at about $2 billion.
The fundraising, which comes as the company pushes forward with AI chip design and manufacturing ambitions, was led by Chinese private equity firm CITIC Private Equity Funds Management (CPE), the source said. Other investors include IDG Capital, Legend Capital and an industry fund Oriza Hua, the person added.
“Kunlun chip business has recently completed a round of financing. We will release more information in due course,” Baidu said in a statement sent to Reuters on Monday, declining to comment on the investors, fundraising amount or valuation.
By Reuters Staff
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WUHAN, China, Jan 28 (Reuters) - A World Health Organization-led team investigating the origins of the deadly COVID-19 pandemic left its quarantine hotel on Thursday to begin fieldwork, two weeks after arriving in the Chinese city of Wuhan, where the virus emerged in late 2019.
The team boarded a bus and departed the hotel shortly after 3 p.m. local time (0700 GMT) without speaking to journalists. (Reporting by Gabriel Crossley Writing by Tony Munroe Editing by Shri Navaratnam)
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BEIJING China struck an optimistic tone toward President Joe Biden’s new administration on Thursday, saying “kind angels can triumph over evil forces” and playing down early irritants as the result of an atmosphere poisoned by Donald Trump’s term in office.
Bilateral relations worsened dramatically during Trump’s tenure. Biden, who took office on Wednesday, is expected to maintain pressure on Beijing but with a more traditional and multilateral approach.
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(Adds more details) BEIJING, Dec 31 (Reuters) - China approved a COVID-19 vaccine developed by an affiliate of state-backed pharmaceutical giant Sinop.