Alibaba Rolls Out Over 100 New AI Models
The Chinese company Alibaba on Thursday, September 19, presented more than 100 new models of artificial intelligence with open-source code.
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China Fines PwC for Its Role in Evergrande Collapse
In China, local regulators imposed a six-month business suspension and a record fine of 441 million yuan ($62 million) on PwC’s auditing unit in the mainland of this Asian country.
S&P Global Ratings Economist Says About China’s Ability to Deal With Property Crisis
Paul Gruenwald, global chief economist at S&P Global Ratings, says that the current state of affairs in the Chinese real estate market is the biggest factor of risk in reducing the economic growth target of this Asian country and notes that Beijing does not seem to be going to make any significant changes to overcome […]
China’s Lawmakers Target New Money-Laundering Risks
In China, local lawmakers intend to monitor and analyze new risks in the financial area related to such practices as money laundering.
Huawei Unveils Mate XT Tri-Fold Handset
Huawei Technologies on Tuesday, September 10, presented the world’s first commercial tri-fold smartphone called Mate XT.
China Faces Growth of Deflation Risk
In China, core inflation has fallen to a level that is the lowest in more than three years, amid which calls have begun to spread for increased efforts to boost household spending.
Washington Releases New Chip-Related Export Controls
The administration of the President of the United States Joe Biden is presenting a draft of new export control measures for the supply of critical technologies.
PDD Holdings Reportedly Accumulates $38 Billion Cash Stockpile
The media reports that PDD Holdings, which ownership structure includes Temu, a company operating in the e-commerce area, is currently sitting at $38 billion in cash.
China Warns Japan of Consequences for Possible New Chip Restrictions
China has stated to Japan that it is ready to take restrictive retaliatory measures if Tokyo continues to reduce the scope of sales and service of equipment necessary for the production of chips.
Realme Plans 100 Million AI Handset Shipments in Coming Years
In China, the local smartphone manufacturer Realme intends to ship 100 million artificial intelligence devices over the next three years.
China Pledges Support for Green Finance
Last Tuesday, August 27, the Chinese government released a set of guidelines to ensure support for its largest economic zone through multi-level capital markets.
IBM to Close Its China R&D Department
International Business Machines (IBM) Corp. is shutting down a key research division in China.
Where Are Contactless Payments Heading?
We all remember 2020 when the pandemic threat made contactless the new black. The fewer objects you touch, the less risk of infection. The payments industry was one of the most impacted sectors since cash was listed among the main virus transmitters. However, the world has rebounded from the Covid narratives and most economic sectors […]
DBS Leverages PBOC’s Carbon Emission Reduction Facility to Issue RMB 500M Green Loan
The green loan provided by DBS will help Envision Energy develop a 100-megawatt wind turbine farm in the Henan province in northeastern China.
Analysts Say About China’s Lagging in Cut-Edge Chips Manufacturing
Data from a new study suggests that, as of today, China is about five years behind the world leaders in the area of high-end logic chip production and continues to be at a significant distance from the leadership in the semiconductor equipment manufacturing sector.
Lenovo Reports Earnings
Lenovo released data on its earnings in the last quarter, which exceeded preliminary expectations for growth in the corresponding indicator and became an example contributing to the strengthening of expectations that the computing industry will be able to receive a recovery boost due to global spending on artificial intelligence.
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