20220123 China News
Source: | Author:eacham | Published time: 2022-01-23 | 1009 Views | Share:

01

Novotech Health Holdings, a leading biotech company, announced it has raised a total of $760 million in its latest financing round, which will drive the company in pursuing further growth opportunities. The new round includes a $255 million private placement and a $505 million refinancing transaction. This new transaction values the company at approximately $3 billion.

 

02

Chinese investors are pivoting to new opportunities in hard technologies with venture capital investments in related areas hitting a new high, which experts believe will help replicate the success of the consumer internet in new growth.

 

03

South China's Guangdong province has built a total of 170,000 5G base stations, ranking first in China, according to the numbers disclosed at the ongoing fifth session of the 13th Guangdong Provincial People's Congress on Thursday. In 2021, 46,700 5G base stations were set up in Guangdong, thanks to continuous investment and efforts to expand the 5G coverage by local authorities.

 

04

Chinese tech giant Baidu Inc has released its digital avatar platform Xiling, which combines digital avatar generation with content production, as the company looks to leverage its artificial intelligence capabilities in the fast-growing metaverse field. The platform can provide creation and operation services covering virtual host, virtual idol and brand spokesperson for various sectors such as radio, television, internet, finance and retail.

 

05

The Chinese mainland recorded 23 locally transmitted COVID-19 cases on Friday, the National Health Commission said Saturday. Friday saw 10 new local cases in Beijing, six in Tianjin, four in Henan, and three in Guangdong, according to the commission.

 

06

China will be able to achieve around 5.5 percent GDP growth this year, and it has room for making macroeconomic policy adjustments to support the economy, experts said on Friday. Zhu Guangyao, former vice-minister of finance, told a news briefing in Beijing that the economy's potential growth rate will likely be between 5 percent and 6 percent.

 

07

Short video app TikTok is testing a paid subscription model that enables content curators to charge people for viewing their works. The move came as the mobile app developed by China-based Byte-Dance solidified itself as the most sought-after app of the year with 656 million downloads globally, per a ranking by Apptopia last month.





Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham


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