Stablecoins Will Help US Keep Up With China
Former House Speaker Paul D. Ryan emphasized the urgency of the United States implementing dollar-backed stablecoins as China continues…
Lawmakers Grill Microsoft President on China Ties, Hacks
Microsoft President Brad Smith testified at a House homeland security subcommittee on Thursday, a year after claimed China-linked hackers…
China Urges EU to Reverse EV Tariff Policies
Beijing denounced EU tariffs on Chinese electric vehicles as protectionist on Thursday, hoping the EU would rectify its “wrong…
Ex-Robots in China Develops Humanoids with Better Facial Movement
Engineers work on the floor of the Ex-Robots factory in the northeastern coastal city of Dalian, China, to create humanoid machines that…
China Sentences Gang for Digital Yuan Money Laundering
In an international conspiracy, a criminal gang in China has been sentenced for money laundering using digital Yuan. The case in which…
HSBC Integrates Digital Yuan for Clients to Link Bank Accounts
HSBC Bank has now integrated digital Yuan so its corporate clients can link their bank accounts and use e-CNY services. In a significant…
China’s Alipay Launches AI Hair Loss Detection Tool
China’s Alipay is the true “everything app,” featuring an AI baldness detector, payment services, ride-sharing, and more,…
China’s First Crypto Fraud Criminal Case
A college student in China has been sentenced to over four years in prison for crypto fraud pertaining to issuing and withdrawing a…
Hong Kong Places Ban on All Unlicensed Crypto Exchanges
Crypto exchanges in Hong Kong that have not obtained an operational license from the Securities and Futures Commission (SFC) must halt their…
China Approves First Public Trials of Advanced Autonomous Driving
China has approved a first batch of nine automakers to test advanced autonomous driving technologies on public roads to boost self-driving car…
China Launches Third $47.5B Semiconductor Fund
The third planned state-backed investment fund to strengthen China’s semiconductor industry has a registered capital of 344 billion yuan…
China Discovers Multiple Illegal Crypto Activities
The authorities in China discovers multiple illegal underground crypto exchange activities despite the ban. Recent events in China indicate…
Elon Musk Opposes U.S. Tariffs on Chinese EVs
Tech investors in Paris on Thursday saw Tesla (TSLA.O) creator Elon Musk reject U.S. tariffs on Chinese electric cars (EVs), reversing his…
Nvidia Cuts China Prices in Huawei Chip Battle
According to insiders, Nvidia’s (NVDA.O), the most powerful AI processor for China, has had a rough start due to excess supply, causing…
Lenovo’s Revenue Growth Beats Expectations
The COVID-19 pandemic caused a decline in demand, but Chinese PC maker Lenovo Group (0992.HK), which opened a new tab, reported a 9% increase…
Tencent, iFlytek Enter China’s AI Price War
Tencent (0700.HK) and iFlytek (002230.SZ) cut prices of large-language models (LLM) used to power ChatGPT-like chatbots on Wednesday, starting…
Chinese Tech Giants Cut AI Chatbot Prices
As a cloud computing price war heats up in China, Alibaba (9988.HK) and Baidu (9888.HK) cut costs on Tuesday of large-language models (LLMs)…
Chinese Yuan Rises by 14.7% Versus USD
The Chinese Yuan rises by 14% against the US dollar for the first time since 2005 after the dollar fell recently. As of May 2024, the Chinese…
US and China to Discuss AI Safety Alongside Risk
This week, the United States and the Chinese government will enter into diplomatic discussions in Geneva, which will mark the beginning of a…
China Pays CBDC to Workers Who are Converting to Cash Fast
China pays CBDC to workers who instantly cash out the cryptocurrency because they fear it may lose value later on. A report suggests that some…