The media, citing knowledgeable persons, reported that the cloud unit of Alibaba Group Holding is currently exploring the possibility of conducting a private round of financing to raise funds from Chinese state-owned enterprises.
The media, citing persons who provided information on condition of anonymity, reported that China is currently seeking to raise funds in the amount of more than $40 billion to create a kind of investment base for the development of the local industry sector specializing in the production of chips and research in the relevant sphere.
The media reported that this week China will approve the first batch of generating artificial intelligence services for public implementation.
China has fined the American company Mintz Group, which specializes in corporate legal expertise.
China is reportedly looking to implement a system with digital IDs and real-world punishments for actions in the Metaverse
Evergrande Group, at one time the second-largest real estate developer in China, filed for bankruptcy in New York.
The Chinese Internet regulator is discussing options for applying new data security rules with foreign companies, including Walmart.
Tencent has been testing a proprietary AI model internally across different business segments, including advertising and fintech.
JPMorgan has made changes to the forecast for high-yield corporate default in global emerging markets, increasing the level of probability of this scenario.
The administration of US President Joe Biden last Wednesday, August 9, announced its intention to introduce restrictive measures concerning the investment of American venture capital, private companies, and joint ventures in the Chinese technology sector.
By the end of July, China recorded a sharper reduction in import and export indicators compared to initial expectations.
The Central Bank of China has appealed to the local financial sector to provide material support, in this case, it means providing money, in conducting research in the area of technology and implementing mergers and acquisitions.
China’s most highly performing mutual fund, Soochow Mobile, is currently preparing for the recovery of onshore shares.
The Chinese authorities have published a list of operating principles for generative artificial intelligence services.
Apple has launched an online store in the Chinese WeChat app.
The United States is currently preparing to impose restrictions on access to cloud computing services against Chinese companies.
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