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Top KrASIA News

China's Anta Sports snares 29% Puma stake for $1.8 billion, rules out full takeover — REUTERS / FLORENCE LO

China Economy · China

China's Anta Sports snares 29% Puma stake for $1.8 billion, rules out full takeover

41% Center coverage: 53 sources

China's Anta Sports Products said on Tuesday it would buy a 29.06% stake in Puma from the ‌Pinault family for 1.5 billion euros ($1.8 billion), making it the biggest shareholder in the German sportswear maker.See the Story

Alibaba to Plan IPO for AI Chipmaking Unit T-Head, Bloomberg News Reports — REUTERS / Maxim Shemetov

Alibaba · China

Alibaba to Plan IPO for AI Chipmaking Unit T-Head, Bloomberg News Reports

50% Center coverage: 30 sources

Alibaba and Chinese tech giants are pushing for IPOs for their chip businesses amid global supply restrictions.See the Story

Shanghai AI unicorn StepFun raises over $718 million in B+ round · TechNode

Shanghai AI unicorn StepFun raises over $718 million in B+ round · TechNode

100% Center coverage: 2 sources

Shanghai-based large-model startup StepFun has completed a B+ financing round exceeding RMB 5 billion ($718 million), setting a new record for the largest single financing in China’s large-model sector over the past 12 months. The round saw participation from Shanghai SDIC Leading Fund, China Life Private Equity Investment, Pudong Venture Capital, Xuhui Capital, Wuxi Liangxi Fund, Xiamen ITG Group, and Huaqin Technology, among other industrial i…See the Story

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