Digital Yuan Now Available as a Payment Option in Qingdao Metro
China’s digital yuan central bank digital currency (CBDC) can be used for fare payments even if the passenger’s mobile phone has no signal or is out of battery
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Siemens to Invest €2 Billion to Boost High-Tech Plants
Siemens AG will direct investments in the amount of €2 billion to expand high-tech production.
Altman Calls On China to Help Shape AI Safety Guidelines
Sam Altman, Chief Executive Officer of OpenAI, said that China should become one of the main participants in the discussion on the development of artificial intelligence and the strategy of applying advanced technologies in the space of human life.
Ant Group Achieves 2022 Carbon Neutrality, Doubles R&D Expenditure
With the help of green computing technologies, Chinese fintech giant Ant Group reduced carbon emissions by over 62,100 tonnes of carbon dioxide equivalents (CO2e) in 2022
Baidu Creates $140 Million Fund to Back ChatGPT-Like Startups
Baidu Inc. has created something like a fund to finance Chinese startups that specialize in research in the field of generative artificial intelligence.
Startup Together Raises $20 Million to Build Open Source Generative AI Models
Together, a startup that develops open-source artificial intelligence, announced the attraction of $20 million in investment funds as part of the initial financing round.
LinkedIn Cuts 700 Jobs and Closes China App
LinkedIn has cut 716 jobs, taking the baton of layoffs among large technology companies.
Jack Ma-Backed Ant Weighs Introduces Investor in HK Bank Unit
The media, citing informed sources, report that Ant Group Co. is currently exploring the possibility of selling a stake in its virtual banking division in Hong Kong.
How Can Ecommerce Sites Implement Live Streaming in New Ways to Get Ahead?
The ecommerce industry has boomed over the last few decades, but the crazy thing is it is only just getting started. Indeed, online consumerism will be ubiquitous in the future, and it’s expected to grow significantly and reach $7.3 trillion by 2025. There’s still a lot of opportunity out there for businesses in the industry and people […]
China’s Central Bank Warns Against ChatGPT Data Leaks
The Chinese Payment Association, whose activities are carried out at the expense of state funding, announced the potential danger of using generative artificial intelligence tools.
WeChat Adds CBDC to Payment Platform
China’s major social networking and payment app WeChat has followed Alipay in adding support for payments using the digital yuan – the country’s central bank digital currency (CBDC)
Fidelity International Preps First Mutual Fund in China
Fidelity International, FIL Fund Management (China) Company Limited has announced its intention to launch its first mutual fund in China in the near future.
Tencent Expands to Singapore to Facilitate Payments and Services for Chinese Tourists
Chinese tech giant Tencent expands its presence in Singapore with WeChat/Weixin Pay as Covid-19 travel restrictions are lifted
China Development Bank Increases Loan Support for Science & Tech
China Development Bank granted CNY 261.9 billion (about $38.68 billion ) of loans to support the country’s science and technology innovation in 2022
Deutsche Bank’s Blue Water Fintech Lab Launches First Commercial Product
Deutsche Bank’s Blue Water Fintech Lab developed a robotic process automation platform for processing and matching data in several banks.
China’s Official Wallet App Launches Offline Payments
The Chinese digital yuan app launched a new feature that allows users to make payments from mobile phones offline.
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