Bloomberg:

Beijing-based AI startup Baichuan raised about $687M at a $2.8B valuation from investors, including Beijing, Shanghai, and Shenzhen governments, and Alibaba  —  - Baichuan joins MiniMax and Moonshot in getting Alibaba support  — China seeks to counter US curbs by investing in emerging tech

Bloomberg:

Beijing-based AI startup Baichuan raised about $687M at a $2.8B valuation from investors, including Beijing, Shanghai, and Shenzhen governments, and Alibaba  —  - Baichuan joins MiniMax and Moonshot in getting Alibaba support  — China seeks to counter US curbs by investing in emerging tech

Source: TechMeme
Source Link: http://www.techmeme.com/240725/p9#a240725p9