Spot gold fell more than 1% during the day

Challenge and Opportunity in the Thriving AR and VR Industry

The stay-at-home economy trend is on the rise, which has driven the sales of Augmented Reality (AR) and Virtual Reality (VR) equipment increase. At the same time, the metaverse promotes AR/VR technology development and equipment sales, driving the application development of virtual experience in various fields such as games, concerts, and stores. 

China’s Ministry of Finance Allocated CNY 2.7 billion to Subsidize Renewable Energy

China's Ministry of Finance recently issued a notice on additional Subsidies worth over CNY 2.7 billion (USD 403 million) for renewable energy electricity prices in 2022. 11 provinces and cities were included.

Industrial Next Bags USD 12 Million in Pre-Series A Round, Led by LCIG

Manufacturing service provider Industrial Next completed its Pre-Series A funding round worth USD 12 million. It is the first multinational tech company jointly incubated and invested by MiraclePlus and Y Combinator, with a mission to bring Tesla autonomous manufacturing to every automaker and producer.

BAW Filter Firm MEMSonics Bags CNY 600 million From a Series B Funding Round

MEMSonics, China's leading manufacturer of radio frequency front-end BAW filters and front-runner of domestic radio frequency chips, received funds from several national institutions.

Tencent Discloses the Progress of Cloud Gaming Technology

The first cloud-native game program was introduced.