China - page 12

Science & Technology

Baidu Revenue Grows

Baidu Inc.’s revenue for the first quarter of 2024 showed the slowest growth rate in more than a year.

News

Chinese Companies Make Headway in Manufacturing High Bandwidth Memory

The media, citing sources and documents, reported that two Chinese chip manufacturers are currently in the early stages of making high bandwidth memory (HBM) microcircuits used in artificial intelligence chipsets.

Finance & Economics

Alibaba Reports Quarterly Earnings

The Chinese company Alibaba on Tuesday, May 14, released data on the financial results of its activities in the fourth fiscal quarter.

News

China Credit Engine Goes Into Reverse

A sharp contraction in lending in China is forcing the central bank of the Asian country to assist, and from the government’s point of view, it is a source of need to spend more money.

News

Chinese E-Commerce Giants Face Unstable Balance Between Discounts and Profit

Alibaba’s quarterly reports will be published this week and JD.com, Chinese e-commerce giants whose performance is a kind of indicator of the condition of the world’s second-largest economy, especially in the context of reflecting the sentiment prevailing in the local consumer environment.

News

Kai-Fu Lee Seeks to Bring China Its ChatGPT Moment

Chinese startup 01.AI, which was founded by technology pioneer Kai-Fu Lee, presented its first artificial intelligence app.

News

Chinese Employees Cash Out CBDC Due to Lack of Utility

Although many state Chinese workers receive their salaries in “e-CNY” CBDC aka digital yuan, survey shows they seldom have chances to use it and often convert it all to physical cash.

Fintech & Ecommerce

Mastercard Launches Domestic Payments Processing in China

Mastercard, having established a joint venture, has started domestic payment processing activities in China.

Science & Technology

Generative AI Accelerates Human-Like Robot Development

Artificial intelligence, existing in forms similar to OpenAI’s ChatGPT, brings a new configuration of technological reality closer to full-fledged and large-scale materialization, in which humanoid robots are what correspond to the concept of an ordinary phenomenon.

News

China’s Services Activity Growth Eases

In April, China recorded a slowdown in the expansion of the local service sector, but at the same time, the dynamic of the growth was demonstrated by new orders.

News

Huawei Reports Quarterly Earnings

Huawei Technologies on Tuesday, April 30, released information on the financial performance of its activities in the first quarter of the current year.

News

Chinese Companies Boost Investing Abroad

Chinese companies are currently actively increasing investments in their business development in other countries, as a result of which the indicator of corresponding financial injections is approaching the mark equivalent to an eight-year high.

Science & Technology

Apple’s Q1 Smartphone Sales in China Demonstrate Decline

In the first quarter of 2024, sales of Apple Inc.’s iPhone significantly decreased in the Chinese smartphone market.

News

China’s Q1 Fiscal Revenue Demonstrates Decline

In the first quarter of the current year, China’s fiscal revenue showed a decrease of 2.3% compared to the result for the same period in 2023.

Finance & Economics

S&P Says About Loosening of China’s Fiscal Stimulus

Yunbang Xu, senior analyst at S&P Global Ratings, said that China’s fiscal stimulus program is gradually weakening.

Science & Technology

Huawei Releases New Phone Lineup

Huawei Technologies Co. on Thursday, April 18, presented a new series of smartphones.