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Chinese self-driving startup Momenta announced Tuesday that it has raised million in its latest round of funding, with Mercedes-Benz parent Daimler AG as a major investor, thepaper.cn reported.

Chon Shi-yong, the chief editorial writer of The Korea Herald, has been elected as the new chairman of the Asia News Network (ANN), an alliance of 24 leading media organizations in 21 countries across Asia, ANN announced in Seoul Tuesday. Chon, a member of the ANN Board of Editors since 2015, was elected by the board at its recent annual meeting in Kuala Lumpur. Under his chairmanship, The Korea Herald will co-host the next board meeting in Seoul in April 2019, which will celebrate the alliance's 20th anniversary. “I’m very honored to assume the chairmanship of ANN, which has grown as the only alliance of its kind in Asia over the past 20 years. I hope ANN will help the Asian media tackle challenges, including threats to journalism and the onslaught of the digital media,” Chon said.ANN, founded by nine members in 1999, is supported by the Konrad Adenauer Stiftung of Germany, which runs Media Programme Asia based in Singapore. The program’s new director, Christoph Grabitz, will assume his post on Aug 1.

Chinese smartphone vendor Oppo unveiled its latest 5G smartphone tailor-made for gaming lovers on Monday night, as it strives to tap into people's growing enthusiasm for mobile games amid the COVID-19 outbreak.

Chinese shares closed higher on Monday, with the benchmark Shanghai Composite Index up 1.12 percent, closing at 3,027.58.

Chris Kelley, principal of Menlo Park, Calif. venture firm DFJ said the best entrepreneurs don’t just look at the players in the market, they look for problems that aren’t being solved. Kelley says DFJ, which has?invested in several cloud companies as well as big names like Twitter, Baidu, Redfin, SpaceX and others, would absolutely invest in a company looking to put up a challenge against even the biggest players such as Amazon Web Services or Microsoft’s Azure.