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.
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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.
China Leaves Lending Benchmark Rates Unchanged
In China, local financial authorities on Wednesday, December 20, decided to keep benchmark lending rates at a monthly level, which corresponds to preliminary market expectations and is a predictable action that does not go beyond the most likely scenarios.
China and Singapore to Use E-Yuan for Tourist Spending in Cross-Border CBDC Pilot
China’s Central Bank Digital Currency (CBDC) – e-yuan – will be now used for cross-border payments between China and Singapore, facilitating tourist spending between the two countries.
Singapore to Suspend Non-Bank and Non-Card Channels for Remittance to China
The Monetary Authority of Singapore (MAS) has instructed companies providing money transfer services to suspend the use of non-bank and non-card channels when interacting with individuals interested in cross-border transactions to China.
China Reportedly Wides Its Ban on Use of iPhone
Media reports that in China, the number of state organizations and companies supported by the country’s government is gradually increasing, which prohibits their employees from using iPhone smartphones developed by the American technology giant Apple in the workplace.
China’s Local Governments Support Troubled Banks
In China, regional authorities have issued a record number of special bonds to provide support to small banks that are facing problems.
Gina Raimondo Comments Designing by Nvidia AI Chips for China
Commerce Secretary Gina Raimondo said that the United States is currently looking into the characteristics of three new artificial intelligence accelerators that Nvidia is developing for the Chinese market.
China Chipmaker Changxin Memory Technologies Seeks Funds at $19.5 Billion
Chinese chip manufacturer Changxin Memory Technologies Inc. has postponed its initial public offering and currently has plans to explore the possibility of raising funds worth 140 billion yuan ($19.5 billion).
