Lee’s startup 01.AI reached the US$1 billion unicorn mark last year after receiving investment during its latest funding round from China’s Alibaba and Lee’s Beijing-based company Sinovation Ventures.
Featured Posts Title
Trump’s AI Strategy Against China Gets Its First Big Test
Working in Hong Kong, living in Shenzhen: why people are making move to mainland city
Trump’s tariffs are sending African countries into China’s hands
$1.3B in US taxpayer money sent to China and Russia over 5 years, watchdog group says
Disparities in Internet Medical Service Utilization Among Patients in Post–COVID-19 China: Cross-Sectional Study of Data From Provincial Field and National Online Surveys
Sanctions bill targets China for enabling Putin’s war in Ukraine
China reveals close encounter with US in contested airspace
Recent Posts
Kai-Fu Lee predicts overhaul of China’s AI industry amid preparation to adopt domestic AI chips
China Stress-Tests Global Economy At Moment Of Maximum Anxiety
It’s a reminder of how China is likely to stress-test the global economy as never before in 2024, and a moment of maximum anxiety for Asia. Though Batson points to 2021, the real original sin…
China’s fiscal spending will rise this year, finance chief says
Find out more about subscription packages here. CHINA’S government spending will rise this year, the nation’s minister of finance said, as authorities look for ways to bolster domestic demand and help …
China’s LGFVs Must Repay a Record $651B of Bonds in 2024
China’s local government financing vehicles, the companies that borrow on behalf of provinces and cities to finance mainly infrastructure projects, have 4.65 trillion yuan ($651 billion) worth of …
China steps up aid for regional banks as economic risks mount
Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your … are also being used to hasten mergers of weak lenders in China’s indebted regions, which are struggling …
Alibaba was once a Wall Street darling. After plunging 75% over three years, what’s next?
It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.
China’s top newspaper calls for government to kill crypto
China’s most influential legal newspaper, Legal Daily, published by the Chinese Communist Party’s (CCP) Central Commission for Political and Legal Affairs, has issued a clarion call for a more …
Wall Street’s Ambitions in China Run Into a Rising Firewall
One of Wall Street’s biggest banks stopped briefing the head of its subsidiary in mainland China on sensitive company strategy, so the government can’t eavesdrop or demand details later.Most Read from …
Taiwan will publish analysis of China’s alleged election interference post vote
Taiwan is documenting its experiences with China’s alleged attempts to interfere in elections next week and will publish its analysis soon after the vote. Taiwan’s government has pointed to military …
China’s Dec services activity expands at quickest pace in 5 months – Caixin PMI
China’s services activity expanded at the fastest pace in five months thanks to a solid rise in new business, a private-sector survey showed on Thursday, lifting the degree of optimism in the sector …
Russia’s tech imports from China soar 10x
Deliveries of China-manufactured advanced machinery such as microchips are up tenfold since the beginning of 2022, showcasing a booming bilateral trade relationship that has largely circumvented …
China’s Film Industry Sees Impressive Recovery, Hits $7.7 Billion Box Office
According to the China Film Bureau, on the 2nd, the box office revenue of Chinese films last year recorded 54.915 billion yuan (approximately $7.7 billion). This is a sharp increase compared to …
China state daily calls crypto a corruption channel, urges crackdown
The Chinese Communist Party publication Legal Daily has run an article calling for more measures against cryptocurrency transactions, which are already illegal in the country.
