Ant Group Reportedly Plans to Purchase MultiSafepay
The media reports that the Chinese Ant Group is currently preparing to implement its intention to acquire the Dutch payment company MultiSafepay.
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Chinese Shadow Bank Zhongzhi Files for Bankruptcy
The Chinese shadow banking giant Zhongzhi Enterprise Group Co. has filed for bankruptcy.
China’s Factory Activity Picks Up
A private gauge of factory activity in China showed an increase in December.
China Injects $50 Billion Into Some Banks
Last month, the People’s Bank of China injected almost $50 billion into policy-oriented lenders.
ASML Suspends Some China Exports
The Dutch company ASML, which specializes in the manufacture of equipment for the production of chips, announced an order received from the Netherlands government to stop supplying some of its products to China.
China’s Richest Provinces to Take Lead in Driving Economic Growth
In China, local officials have released information on their priorities for next year, which includes, among other things, promises from some of the country’s most financially secure provinces to become a driving force in stimulating the growth of the state’s economy.
Huawei Sales Approach $100 Billion in Year
In 2023, Huawei Technologies Co.’s preliminary total revenue showed growth of 9% year-on-year.
AI Chatbot Ernie Reaches 100 Million Users
The user base of an artificial intelligence-based chatbot called Ernie, developed by the Chinese company Baidu, has reached a milestone of 100 million people.
Nvidia to Launch Special Version of Its Gaming Chip for China
The American company Nvidia, which is currently the largest player in the global chip manufacturing industry, intends to release a special version of one of its gaming processors for the Chinese market.
Goldman Rethinks Emerging Markets Strategy Due to China Lesson
Kamakshya Trivedi, head of global currencies, interest rates, and Emerging Markets Strategy at Goldman Sachs Group, said that he had learned two lessons from one of the largest and most common unsuccessful forecasts of this year, which envisaged a rapid recovery of China’s economic system after the end of the country’s policy of severe restrictions […]
China Stimulates Asia-Pacific Demand for Sustainable Finance
Analysts and fund managers predict that next year, investing in companies and industrial sectors to create a kind of economic base for their transition to a low-carbon future will become the dominant trend in China and the Asia-Pacific region, as demand for sustainable financial products continues to remain high here, despite the current interest rate […]
Four Chinese AI Models Pass Official Assessment
In China, the first group of four large generative artificial intelligence models has passed an official assessment of compliance with standards.
Alibaba Promotes Millennials to E-Commerce Leadership Roles
Alibaba Group Holding is pushing millennials, who are representatives of the generation born in the early 1980s – mid-1990s, to take leading roles in the Chinese online market, since currently this e-commerce giant, based in Huangzhou, is going through a kind of transformation period to resist the pressure of competitors such as PDD Holdings.
China’s Biggest Banks Lower Deposit Rates
China’s largest state-owned banks are reducing deposit rates for the third time since the beginning of this year.
China Stops Exports of Some Rare-Earth Processing Technologies
The Chinese authorities decided to stop the export of several rare earth technologies.
