Intel and Nvidia have already been forced to defeature some of their AI GPUs / AI accelerators to comply with the regulations to export to China, and according to AMD, it is following suit. “China…
Monthly Archives For August 2023
Analysis-China holds the key to avoiding Argentina’s IMF default. The price tag is unknown
A helping hand from China saw Argentina avert a default with the International Monetary Fund for the second time in 30 days, as the cash-strapped country tapped almost $3 billion of a Beijing currency swap…
WRAPUP 2-Major global firms warn of slow China sales as post-pandemic surge fades
“What we’re seeing is a very cautious consumer in China, a declining property market and reduced export demand,” Unilever finance chief Graeme Pitkethly told an April-June earnings call last week. “And there is high unemployment…
China is Binance’s biggest market despite its ban on cryptocurrency trading, report says
The People’s Bank of China banned crypto trading in September 2021 due to their potential to facilitate money laundering and destabilize the country’s financial system. Yet this doesn’t appear to have deterred traders from using…
Taiwan Detains Army Officer Suspected of Leaking Military Secrets to China
Taiwan has detained an army officer and several collaborators on suspicion of handing military secrets to China.
China Mobile Migu’s VR Shooting Game at ChinaJoy2023 in Shanghai, China
is a comprehensive international digital entertainment industry event that is held from July 28 to 31, 2023. People play China Mobile Migu’s multiplayer VR motion-sensing shooting game at ChinaJoy2023 …
Listing in China Has Gotten Harder for Small Companies, Unprofitable Tech Firms, Insiders Say
The number of firms that had their ChiNext IPO applications accepted in June plunged 42 percent from a year earlier to 83, Yicai calculated based on SZSE website figures. The Star Market took 43 …
Where are the headquarters of the world’s biggest companies? A few global cities are major corporate magnets
In the galaxy of cities that host corporate headquarters, Beijing is the biggest star. A stunning 15% of revenue generated by the Global 500 last year—$6.1 trillion—went to companies based in China’s …
Shanghai aims to become global blockchain leader by 2025
Shanghai, China’s largest city and a vital financial center, has ambitious plans to become a global leader in transitioning to digital-based economies by embracing blockchain technology. According to …
Mixed signals: Binance denies reports of $90 billion in crypto trades in China
Binance has stated that its website is blockchain in China and that its platform is not accessible to any China-based users.
China is Binance’s largest market with US$90 billion despite crypto ban: WSJ
keeping the country as the exchange’s largest market despite China’s ban on crypto, the Wall Street Journal reported. The US$90 billion worth of transactions accounted for 20% of worldwide volume excluding trades by some major…
China floats two-hour daily limit of smartphone screen time for kids
The draft rules laid out by the increasingly powerful Cyberspace Administration of China are a broader push to prevent addiction among under 18s to apps.
China Is Binance Exchange’s Dominant Market despite Crypto Ban
Binance has maintained a deep relationship as the dominant crypto exchange in China despite the existence of a major ban.
