Air cargo lifeline under threat as focus grows on de minimis thresholds
The Loadstar is running a series of reports on the ecommerce sector, which has been driving growth ...
REUTERS reports:
Chinese artificial intelligence (AI) startup Baichuan has raised $300 million from investors including Chinese tech giants Alibaba (9988.HK) and Tencent (0700.HK), it said on Tuesday.
The company said on its WeChat account that the round followed an early $50 million angel round. The investors include smartphone maker Xiaomi (1810.HK) and other investment firms, it added.
China’s craze over generative AI has triggered a flurry of product and fundraising announcements from startups and tech giants, as the industry races to find a homegrown rival to Microsoft-backed OpenAI’s ChatGPT. Investors have warned, however, that a shakeout is imminent as cost and profit pressures grow.
To read the full post, please click here.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Asia-Europe ocean trades a nightmare scenario – 'unless you're a carrier'
Maersk raises surcharges as Red Sea risk expands and costs mount
Heavy speculation in China’s container shipping futures as Gaza War drags on
Rail strike looming in Canada: it will come 'at the worst possible time'
Flexport's newly liveried aircraft ready as business looks up
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Comment on this article