Zhipu AI, one of China’s leading foundational model startups, has kicked off preparations for an IPO, making it the first of China’s six AI unicorns to …
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Nvidia takes $5.5 billion hit as US clamps down on its China chips
Nvidia says it will take a $5.5 billion financial hit after Washington placed fresh restrictions on the export of its H20 artificial intelligence chips to China, in the latest escalation of a growing battle for…
China Debates Pocketing Crypto Crime Proceeds While Keeping It Illegal
China is reviewing laws to prevent corruption in handling seized crypto assets. A national crypto ban since 2021 has forced authorities to rely on private …
Crypto Market Update: Bitcoin & Others Slip As Trump Imposes Up To 245% Tariff On China
The crypto market slumps as Trump’s 245% tariff on China sparks concern, with Bitcoin and other top altcoins falling between 3% and 7%.
China Q1 GDP growth tops expectations, but US tariff shock looms large
GDP growth beat expectations, underpinned by solid consumption and industrial output even as policymakers brace for the impact of U.S. tariffs.
Nvidia takes a $5.5 billion hit from a new Trump ban that could also hasten China’s push to make its own chips
Nvidia’s shares plunged almost 7% in after-market trading, amid a broader slump in global markets as Trump’s new ban intensifies a U.S.-China tech war.
China’s Xpeng eyes Volkswagen partnership on joint procurement and different models
Chinese electric vehicle maker Xpeng said on Wednesday that it’s looking at more aspects of collaboration with Volkswagen such as joint procurement, charging and different car models.
Bitcoin, Crypto Slide As Nvidia Stock Plunges 7% On $5.5 Billion China Hit Ahead Of Powell Speech
Bitcoin tumbled and Nvidia shares plunged 7% in the last 24 hours ahead of Jerome Powell’s speech later today.
China hit by tariffs up to 245% tariffs on imports to the US, White House fact sheet shows
This action was taken after China directed its airlines to cease any further deliveries of Boeing jets in response to the US imposing tariffs of 145% on Chinese goods.
China’s economy grows at a 5.4% annual pace in January-March as Beijing touts open trade
China’s economy expanded at a 5.4% annual pace in January-March, the government said Wednesday, supported by strong exports ahead of U.S. President Donald Trump’s rapid increases in tariffs on Chinese products.
‘Shoa,’ ‘Downfall,’ and the First Cannes Winner Set for Beijing Fest’s “Film and Peace” Program
The Zone of Interest’ and ‘The Thin Red Line’ are also among the movies exploring “the tragedy of war” that will screen at the 15th edition of the Chinese film festival.
China Growth Rate Is Likely to Slow, With Exports Falling, Forecasters Say
China’s government says the economy should grow about 5% this year, but Western banks are increasingly skeptical because of the expected hit from President Trump’s tariffs. UBS cut its forec
China is set to import more Russian LNG in 2025, ambassador says
China is set to increase its imports of Russian liquefied natural gas (LNG) this year, its ambassador to Russia said on Tuesday.
