China - page 22

Science & Technology

China Reportedly Seeks Money to Drive Chipmaking

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.

Science & Technology

Baidu Reportedly to Get China Approval for AI Models

The media reported that this week China will approve the first batch of generating artificial intelligence services for public implementation.

News

China Fines US Firm Mintz Group

China has fined the American company Mintz Group, which specializes in corporate legal expertise.

News

China Aims to Expand Government Control To Metaverse

China is reportedly looking to implement a system with digital IDs and real-world punishments for actions in the Metaverse

Finance & Economics

China’s Evergrande Group Files for Bankruptcy in New York

Evergrande Group, at one time the second-largest real estate developer in China, filed for bankruptcy in New York.

News

China’s Internet Regulator Discusses New Data-Security Rules With Foreign Firms

The Chinese Internet regulator is discussing options for applying new data security rules with foreign companies, including Walmart.

News

Tencent Plans to Unveil AI Model

Tencent has been testing a proprietary AI model internally across different business segments, including advertising and fintech.

News

JPMorgan Сhanges Default Forecast for Emerging Markets

JPMorgan has made changes to the forecast for high-yield corporate default in global emerging markets, increasing the level of probability of this scenario.

News

USA to Restrict Investments in Chinese Technology Sector

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.

Finance & Economics

Chinese Export Declines Most in Last Three Years

By the end of July, China recorded a sharper reduction in import and export indicators compared to initial expectations.

News

China’s Central Bank Calls On Financial Sector to Help Fund Technology Research

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.

News

Top China Mutual Fund Bets on AI Stocks for Recovery

China’s most highly performing mutual fund, Soochow Mobile, is currently preparing for the recovery of onshore shares.

Science & Technology

China Publishes Final Version of Rules for Use of Generative AI

The Chinese authorities have published a list of operating principles for generative artificial intelligence services.

News

Apple Launches Online Store on China’s WeChat App

Apple has launched an online store in the Chinese WeChat app.

Science & Technology

US to Curb China Access to Cloud Services

The United States is currently preparing to impose restrictions on access to cloud computing services against Chinese companies.

News

Meta Reportedly Looks to Tencent to Relaunch Business in China

The media reported that Meta is currently trying to establish cooperation with the Chinese company Tencent in order to resume operations in that country.