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ByteDance has completed a $290 million financing for its newly spun-off AI drug-discovery unit, Anew Labs, sources said on Wednesday. Shanghai-based Anew Labs was valued at $1.5 billion post-money. Sequoia China, IDG Capital and Hillhouse led the rou

2026-09-16

ByteDance has completed a $290 million financing for its newly spun-off AI drug-discovery unit, Anew Labs, sources said on Wednesday. Shanghai-based Anew Labs was valued at $1.5 billion post-money. Sequoia China, IDG Capital and Hillhouse led the round, co-led by Wuyuan Capital; other investors include Gaorong Capital, Chunhua Capital, Boyu Capital, strategic investor SBP Group and the state-backed Shanghai Future Industry Fund. Sources said ByteDance spun off the unit to better support its long-term development given the different industry logic and management model for AI drug discovery and will hold a 56% stake after the financing.

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2026-09-16

Zhipu (02513.HK) told analysts and investors it has signed revenue‑share agreements with several leading domestic and international cloud providers; related revenue will be recognized from October. The deals will provide GLM‑series open‑source models

Zhipu (02513.HK) told analysts and investors it has signed revenue‑share agreements with several leading domestic and international cloud providers; related revenue will be recognized from October. The deals will provide GLM‑series open‑source models as hosted APIs on overseas cloud platforms. Company‑wide ARR stands at $1.8bn; year‑end ARR guidance was raised to $3.0bn from $2.4bn.
2026-09-16

US Vice President Vance said Trump has shown a willingness to break with Netanyahu when he believes the interests of the American people diverge from those of the Israeli government.

US Vice President Vance said Trump has shown a willingness to break with Netanyahu when he believes the interests of the American people diverge from those of the Israeli government.
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