Technology shares around the world slid on Monday as a surge in popularity of a Chinese discount artificial intelligence model shook investors’ faith in the AI sector’s voracious demand for high-tech …
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China’s DeepSeek sparks AI market rout
In China, Government Data on Drugs Blocked From Public After Backlash
Criticism over how the Chinese government buys drugs for its public health care system has ignited frustration over the quality of medicine.
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 …
Did Covid-19 originate in a Wuhan lab? Now CIA says yes but does it matter?
In a fresh analysis, the Central Intelligence Agency (CIA) said it believes that the Covid-19 virus ‘more likely’ leaked from a Chinese lab than transmitted by animals. The US intelligence agency has released the ’low…
DBS raises stake in China’s Shenzhen Rural Commercial Bank to over 19%
Singapore’s DBS Group said on Monday it acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB) for 1.60 billion yuan ($220.4 million), bringing its total ownership in the Chinese lender …
China detains suspect in human trafficking cases linked to online scam networks in Myanmar
Chinese authorities have detained a key suspect in human trafficking cases linked to online scam networks in Myanmar.
Chinese property giant Vanke warns of huge loss, CEO resigns
Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to “health reasons”, after state-backed media reported he had been taken away by authorities. Vanke has not confirmed …
Nasdaq futures tumble as China’s AI push rattles Big Tech
Futures linked to the tech-heavy Nasdaq tumbled on Monday as the overwhelming popularity of an inexpensive Chinese artificial intelligence model sparked a selloff in AI-related shares, with megacap …
Global Tech Stocks Plunge as China’s DeepSeek Undercuts Rivals
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world …
China’s Faltering Economy and Investment: Beijing’s Challenge at Home
China’s tightening economic controls, lack of transparency, and foreign investment challenges could strain its global economic relationships and exacerbating tensions with the U.S. and its allies.
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 …
Singapore’s DBS raises stake in China’s Shenzhen Rural Commercial Bank
DBS Group on Monday said it acquired an additional stake in Shenzhen Rural Commercial Bank for 1.60 billion yuan ($220.37 million), bringing its total stake in the Chinese lender to 19.40%.
China Vanke’s CEO, chairman resign amid growing liquidity worries
Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid growing concerns over the company’s liquidity as it faces several debt maturity deadlines …
