Sequoia-Backed Ming Yuan Cloud Is Oversubscribed by 98 Times

The Melancholic Saga of Xiaomi in India

In January 2024, Xiaomi unveiled the Redmi Note 13 5G series in India, achieving an outstanding sales feat of nearly CNY 900 million within a mere two days. Expressing gratitude on Twitter, Xiaomi India thanked its consumers, hailing the series as "super smartphones that redefine excellence." The commitment echoed the promise to persist in delivering innovation and premium products to the Indian market.

AI Technology Provider RealAI Completes New Round of Strategic Financing

According to EqualOcean, recently, AI security infrastructure provider RealAI(瑞莱智慧) announced the completion of a new round of strategic financing, with investors including the Beijing Artificial Intelligence Industry Investment Fund(北京市人工智能产业投资基金).

Rapid Growth in Saudi Electronic Payments and E-commerce

Knowdee Intelligence Completes Nearly CNY 100 Mn Pre-A Round Financing

EqualOcean has learned that on April 16th, Knowdee Intelligence(诺谛智能), a company focusing on the "AI + Manufacturing" sector, has successfully completed its Pre-A round of financing. This round of financing was led by Summitview Capital(武岳峰科创), with follow-up investments from Trilobite Venture Capital(三叶虫创投) and Tsingzhi Capital(清智资本), along with additional investment from Lenovo Group(联想集团), totaling nearly CNY 100 million.

China's Bus Exports Surge in 2024: Yaxing and Ankai Buses Expand Operations in the Saudi M