DeepSeek is cratering markets this morning as the alternative to ChatGPT, Grok, Gemini, etc.; it is said to provide better results, use fewer resources, and …
BUSINESS
China’s net gold imports via Hong Kong slump in December
China’s net gold imports via Hong Kong in December fell 84% from the previous month, dropping to their lowest since April 2022, Hong Kong Census and Statistics Department data showed on Monday. WHY IT …
China’s factory activity contracts in January for the first time in four months
China’s most important festival, this year’s public holidays will begin on Tuesday and continue until 4 February. It is the time when millions of people leave the cities to travel back home for a rare…
Qiming Venture Partners’ Portfolio Company HyperStrong Successfully Listed on STAR Market
Beijing Time, Qiming Venture Partners’ portfolio company HyperStrong, a leading provider of battery energy storage systems (BESS) in China, successfully debuted on the Shanghai Stock Exchange’s …
XRP, Bitcoin Are Falling. It Isn’t Just China’s AI Threat That Is Hurting Crypto.
DeepSeek has produced an open-source AI model that could rival ChatGPT while being significantly cheaper to produce.
Silicon Valley Is Raving About a Made-in-China AI Model
SINGAPORE—A Chinese artificial-intelligence company has Silicon Valley marveling at how its programmers nearly matched American rivals despite using inferior chips. AI models from DeepSeek, the …
AI crypto market cap slips under $40B as China’s DeepSeek rattles investors
AI cryptocurrencies endured a bloodbath on Monday, plunging by double-digits on their daily charts as Bitcoin dropped below $100,000. The market capitalization of all AI tokens crashed by 13.7% in the …
China’s Economy Stumbles in Sign Rebound Hinges on More Stimulus
China’s economic activity unexpectedly faltered to start the year, breaking the momentum of a recovery sparked by stimulus measures and underlining the need for Beijing to do more to prevent another …
China’s economy loses momentum ahead of new year holiday
The official manufacturing purchasing managers’ index fell to 49.1, the lowest since August, missing economists’ forecast for a modest expansion.
China PMI surprises as factory activity contracts in January; December industrial profits jump
The official purchasing managers’ index for January came in at 49.1, data released by the National Bureau of Statistics on Monday showed.
China urges state-backed funds to buy more stocks amid market slump, falling bond yields
China’s financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to purchase more A-shares.
Altcoins to buy: 4 crypto to buy ahead of Chinese New Year
China will start its New Year celebrations this week. The transition to the new year may be a good period for many Chinese to start buying and selling digital coins. China has already banned …
China bans livestock product imports from numerous countries on disease worries
China has prohibited imports of sheep, goat, poultry and even-toed ungulates from African, Asian and European countries due to outbreaks of livestock diseases such as sheep pox, goat pox and …
