The People’s Bank of China on Thursday, March 20, decided to keep its key lending rates unchanged, as the Asian country is currently trying to support economic growth and stabilize the yuan amid the observed process of intensification of trade frictions.
Fast-growing Chinese fintech company LianLian DigiTech has successfully finished the 2024 financial year, witnessing a strong total payment volume (TPV) increase.
Advanced Micro Devices (AMD) chief executive officer Lisa Su began her visit to China, where she touted the company’s role in supporting the development of artificial intelligence in the Asian country through the lens of interaction with leading players in the local corresponding industry, including DeepSeek and Alibaba Group Holding.
Tencent Holdings Ltd. outlined plans to dramatically increase spending on artificial intelligence infrastructure after the Chinese company recorded the highest revenue growth rates since 2023, indicating that the most valuable firm in the Asian country intends to keep pace with competitors in the so-called post-DeepSeek era.
In China, in the first two months of the current year, growth in consumption, investment, and industrial production was recorded, which exceeded initial expectations regarding the dynamic of the corresponding indicators.
Last Sunday, March 16, the Chinese company Baidu announced that it had launched two new models of artificial intelligence.
The media, citing analysts, claim that China’s economic system probably demonstrated stability in the first two months of the current year, even though the President of the United States Donald Trump began a second trade war between Washington and Beijing almost immediately after returning to power in January.
The Chinese startup Butterfly Effect, which has developed the general-purpose artificial intelligence agent dubbed Manus, appears to become a significant change factor in the market of large language models in the Asian country, as this virtual product focuses on apps beyond chatbots similar to ChatGPT from OpenAI.
After the artificial intelligence reasoning model, a product of the Chinese company DeepSeek, became popular globally in the current year, the top economic officials of the Asian country promised to form a state-backed fund to support technological innovation.
Last Sunday, March 2, Chinese smartphone manufacturer Honor pledged to invest $10 billion in artificial intelligence and announced the deepening of the Google partnership, which is related to the company’s desire to bolster its market share overseas.
The head of the People’s Republic of China, Xi Jinping, is gradually approaching one of the main political huddles of the current year against a favorable background based on the gradual improvement of the situation in the economic system of the Asian country.
Chinese fintech giant Ant Group has ventured into the Asian country’s humanoid robotics sector, which is currently in the condition of active development.
Shares of Chinese technology companies listed in Hong Kong on Friday, February 21, showed their best weekly winning streak since 2020, as earnings surpassing preliminary expectations and optimism about the artificial intelligence sector gained global investors who made financial injections into the relevant area.
This month, local universities in China launched artificial intelligence courses based on the Chinese AI startup DeepSeek, which breakthrough in the global digital intelligence industry has been described by some experts as a kind of so-called Sputnik moment for an Asian country and has become one of the most discussed topics in the world’s information […]
The Chinese company Oppo, which specializes in the development and manufacture of consumer electronics, including smartphones, on Thursday, February 20, presented its new flagship folding phone model Find N5.
Alibaba Group Holding Ltd. has published information about its earnings for the fourth quarter of 2024, according to which the revenue of this Chinese Internet pioneer for the mentioned period demonstrated growth at an upward dynamic pace, which is the fastest in more than a year, and this is another signal in favor of the […]
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