An undated conceptual illustration of China’s technology aspirations. Yaorusheng | Moment | Getty Images Chinese technology giants including Alibaba and Tencent are among backers of Zhipu, the company said on Friday, an artificial intelligence start-up the country is hoping can be an answer to American firm OpenAI. Zhipu has raised more than 2.5 billion Chinese … Read more
Pictured here is an exhibition on big data for transportation in Chongqing on Oct. 21, 2020. China News Service | China News Service | Getty Images BEIJING — Chinese authorities are signaling a softer stance on once-stringent data rules, among recent moves to ease regulation for business, especially foreign ones. Over the last few years, … Read more
Signage on the Alibaba Group Holding Ltd. sales space on the Sensible China Expo in Chongqing, China, on Monday, Sept. 4, 2023. Qilai Shen | Bloomberg | Getty Photographs Alibaba must be “person first” and “AI-driven,” new CEO Eddie Wu instructed staff on Tuesday, as he laid out the strategic priorities for the Chinese language … Read more
A Baidu Apollo robotaxi passes by a Baidu workplace constructing in Beijing on Aug. 21, 2023. Bloomberg | Bloomberg | Getty Photographs BEIJING — Chinese language tech firm Baidu on Tuesday reported better-than-expected income, up by 15% year-on-year within the second quarter and bolstered by development in promoting. This was the quickest quarterly year-on-year development … Read more
HONG KONG, CHINA – JUNE 05: A pedestrian walks by an digital display displaying the numbers for the Cling Seng Index on June 5, 2023 in Hong Kong, China. (Photograph by Chen Yongnuo/China Information Service/VCG by way of Getty Photographs) China Information Service | China Information Service | Getty Photographs Buyers will now be capable … Read more
Folks sporting face masks crossing a avenue at Hong Kong’s Wan Chai district on Feb. 16, 2021. Zhang Wei | China Information Service | Getty Photographs Hong Kong’s benchmark index entered bear market territory Wednesday on an intraday foundation, erasing the rebound good points from China’s reopening. The Dangle Seng index hit a session low … Read more
China’s pandemic-battered economic system is beginning to see shoppers open their wallets wider, based on KraneShares’ Brendan Ahern. “We’re seeing the incremental rebound from the Chinese language client,” the agency’s chief funding officer instructed “ETF Edge” this week. “[But] it isn’t like turning on a lightweight swap.” The Nationwide Bureau of Statistics of China studies … Read more