Hong Kong SFC to Sanction 7 Illegal Crypto Exchanges
The Securities and Futures Commission (SFC) of Hong Kong has issued a sanction against seven (7) unlicensed crypto exchanges in the region.…
China Crypto Ban Likely Here to Stay
Despite its repeated ban on specific Bitcoin-related activities, China has managed to maintain its status as a significant participant in…
Global EV Sales Rise 13% in June, Fall 7% in Europe
According to Rho Motion, global sales of fully electric and plug-in hybrid vehicles grew 13% in June compared to 2023, driven by China, while…
U.S. House Pushes DOJ Defense in TikTok Crackdown
On Thursday, a U.S. House committee released a transcript of a March closed-door meeting on TikTok’s threats to the Justice Department…
China’s E-Commerce Price War Leaves Sellers Struggling
Chinese e-commerce sellers are struggling as sales growth slows, pricing pressure intensifies, and shopping platforms compete with more…
US Lawmakers Concerned Over China in Microsoft-Emirati AI Deal
Over worries about sensitive technology transfer and G42’s previous ties to China, Republican legislators asked the Biden administration…
China Races Ahead in AI Adoption, Lags in Implementation
Recent research confirms China to be the world leader in AI investment and usage, but the US is still at the forefront of the…
BYD, China’s Tesla rival, Signs $1B Turkey Plant Deal
BYD, China’s largest electric vehicle manufacturer, has finalized a $1 billion agreement to establish a manufacturing facility in…
Chinese AI Firms Shine at AI Event Amid US Sanctions
Chinese tech companies, including industry giants and startups, gathered at the World AI Conference in Shanghai to showcase innovations and…
China Leads Generative AI Patent Race; Tencent and Baidu Top List
China led in inventions with 38,210 from 2014 to 2023, surpassing the U.S. (6,276), Republic of Korea (4,155), Japan (3,409), and India…
EU Sets Duties on China’s EVs, Allows 4-Month Negotiation
EU officials warned Thursday that electric vehicle (EVs) imports from China will be taxed up to 37.6% from Friday, escalating trade tensions…
EU Targets China’s Temu, Shein with Import Duty
The Financial Times reported on Wednesday that three sources told them the EU is considering levying customs tariffs on cheap goods from…
China Leads in Generative AI Patents: UN Report
On Wednesday, U.N. data indicated that China filed six times more patents than the US for generative AI products like chatbots According to…
Chinese-owned Nexperia invests $200M in Europe
Nexperia, a leading maker of diodes and transistors, announced Thursday that it would invest $200 million to boost capacity at its Hamburg…
DFX Labs Clears Hong Kong’s AML Requirement For Crypto License
The Securities and Futures Commission of Hong Kong has granted DFX Labs a license for virtual asset services, even though it is not yet…
ByteDance, Broadcom Team Up on AI chip
Under U.S.-Sino tensions, China’s ByteDance is working with Broadcom on an advanced AI processor, two individuals said. This would allow…
Petrodollar: US Dollar at Risk if Saudi Stops Taking It
The petrodollar agreement is the focal point of attention, as the future of the US dollar is contingent upon Saudi Arabia’s decision to…
AI in China Made Ukrainian YouTuber Russian
Loiek, a 21-year-old Ukrainian, discovered that artificial intelligence had used her image to create alter personas on Chinese social media…
Chinese Bankers Facing Crypto Money Laundering Charges
A case involving some former Chinese bankers from the Bank of Huludao allegedly set up a scheme to launder crypto money. An intricate crypto…
German Robotics Struggle as Chinese Competition Heats Up
Ever wonder who builds all those cool robots? Germany’s been a frontrunner, but China’s catching up fast, meaning the future of…