PDD Holdings Reportedly Accumulates $38 Billion Cash Stockpile
The media reports that PDD Holdings, which ownership structure includes Temu, a company operating in the e-commerce area, is currently sitting at $38 billion in cash.
China - page 9
China Warns Japan of Consequences for Possible New Chip Restrictions
China has stated to Japan that it is ready to take restrictive retaliatory measures if Tokyo continues to reduce the scope of sales and service of equipment necessary for the production of chips.
Realme Plans 100 Million AI Handset Shipments in Coming Years
In China, the local smartphone manufacturer Realme intends to ship 100 million artificial intelligence devices over the next three years.
Where Are Contactless Payments Heading?
We all remember 2020 when the pandemic threat made contactless the new black. The fewer objects you touch, the less risk of infection. The payments industry was one of the most impacted sectors since cash was listed among the main virus transmitters. However, the world has rebounded from the Covid narratives and most economic sectors […]
DBS Leverages PBOC’s Carbon Emission Reduction Facility to Issue RMB 500M Green Loan
The green loan provided by DBS will help Envision Energy develop a 100-megawatt wind turbine farm in the Henan province in northeastern China.
China’s Economy Fails to Rebound
In the current quarter, the downturn continues in the space of China’s economic system.
Huawei Reportedly Readies New AI Chip to Challenge Nvidia in China
The media reports that Chinese technology giant Huawei is currently approaching the introduction of its new artificial intelligence chip.
China’s Consumer Prices Demonstrate Growth
In July, China recorded an increase in consumer prices, the pace of which turned out to be higher than preliminary expectations regarding the degree of intensity of this indicator.
Ant Group Invests in AI Startup Mita
Ant Group led a funding round for the startup Mita Network Technology, which operates in the space of the artificial intelligence industry and specializes in the development of search engines and digital tools for writing texts.
Chinese Chipmaker SMIC Reports Q2 Earnings
Semiconductor Manufacturing International Corp (SMIC) on Thursday, August 8, released information on the financial results of its activities in the second quarter of the current year.
China Reports Exports and Imports Data
In July, China recorded an increase in imports, which exceeded preliminary expectations for the dynamic of this indicator, while the pace of export activity turned out to be less optimistic compared to forecasts.
Xpeng Raises $150M for Its Flying Car Project
Xpeng Aeroht, a subsidiary of Chinese energy vehicle startup Xpeng Motors, has secured $150 million in a Series B1 financing round to develop a flying car.
China to Focus on Consumption
In China, the local leadership has promised to pay high-level attention to stimulating consumer spending.
Chinese Provinces Step Up to Entice Business
Currently, there is a kind of political and economic tendency throughout China, which consists in the fact that the municipal authorities of the Asian country are making efforts to retain overseas businesses and increase the trust of local companies, and in this context, the indicative is the example of the leadership of Henan Province, which […]
China Cuts Interest Rates
In the space of China’s economic system, which is currently the second largest in the world, an unexpected decision by the financial authorities was recorded in the form of lowering borrowing costs.
Xiaomi Presents First Flip Phone
Xiaomi on Friday, July 19, presented its first flip phone.
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