IBM will completely shutter its China R&D, with resulting layoffs affecting over 1,000 jobs, Chinese media outlet Yicai reported on Monday, citing a statement from the company.
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IBM to close China R&D department, affecting over 1,000 jobs, Yicai reports
China-Russia Financial Alliance: Rising Interest in Bitcoin Across Eurasia?
China-Russia financial collaboration may open doors for Bitcoin adoption as they reduce reliance on the US dollar. The evolving alliance could boost crypto traction in Eurasia, but its global impact …
China robots conference spotlights the changing face of humanoids
China’s robotics effort is backed by President Xi Jinping’s policy of developing “new productive forces” in technology – a point made in brochures for last week’s event. Across China, the world’s …
Chinese Companies Are Exploiting Amazon Cloud Services to Evade U.S. Sanctions on AI Technology
In a complex game of technological cat and mouse, Chinese companies are reportedly leveraging cloud services to sidestep U.S. sanctions and gain access to advanced AI technologies. Despite stringent …
Chinese Companies Are Exploiting Amazon Cloud Services to Evade U.S. Sanctions on AI Technology
In a complex game of technological cat and mouse, Chinese companies are reportedly leveraging cloud services to sidestep U.S. sanctions and gain access to advanced AI technologies. Despite stringent …
China’s robotic industry witnesses golden developing era
China’s robotic industry is witnessing a golden developing era as showed by the diversified robots at the 2024 World Robot Conference in Beijing from Aug 21 to 25, according to a report by Xinhua on…
Belgium’s UCB to sell China neurology and allergy business for $680 mln
UCB, a Belgian biopharmaceutical firm, said on Monday that it will sell its Chinese neurology and allergy business to asset management group CBC and Abu Dhabhi’s Mubadala for $680 million.
China’s Budget Spending Shrinks as Land Sales Suffer Record Fall
China’s broad budget expenditure contracted and income from land sales for local governments fell at a record pace, a sign of fiscal weakness that may further increase calls on Beijing to add stimulus …
China is conducting military patrols near the Myanmar border as civil war rages on the other side
China’s military is carrying out armed patrols near the Myanmar border this week, where the government is concerned about potential fallout from fierce fighting in a civil war on the other side.
China Mobile Backs Honor with Strategic Investment
Chinese smartphone maker Honor has announced an investment from China Mobile’s parent company as it prepares for an initial public offering (IPO). The investment amount remains undisclosed. Formerly a …
European farmers caught in crossfire of EU-China trade war as Beijing targets dairy
When he went to Beijing earlier this year, former EU agriculture commissioner Janusz Wojciechowski begged Chinese counterparts not to drag farmers into the row over EVs. “My intention is to do everything which is possible…
China central bank rolls over maturing loans, injects cash
China’s central bank rolled over maturing medium-term loans and injected cash through its liquidity instruments on Monday, underlining market expectations for further easing as the economy struggles …
China central bank rolls over maturing loans, injects cash
China’s central bank rolled over maturing medium-term loans and injected cash through its liquidity instruments on Monday, underlining market expectations for further easing as the economy struggles …
