Microsoft Corp. has built a big business selling AI models to Chinese companies despite the growing rivalry between the US and China over artificial intelligence.
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China arrests 40 and seizes 75,000 cases of illicit liquor in criminal networks bust
China has taken down several criminal networks involved in the production and sale of counterfeit “special-supply” liquor, seizing more than 75,000 cases of illegal products and arresting 40 suspects, …
Ant Group-backed DSC targets $901 million valuation in US IPO
June 17 (Reuters) – China’s DSC Holdings, which provides operating systems for used car dealers in China, is targeting a valuation of up to $901 million in its U.S. initial public offering, the auto …
Operating a Humanoid With Your Body Is a Hot Job in China’s Hardware Capital
To show off the tech, the company invited me to its offices, where I was allowed to control 10 humanoid robotic hands, each from a different company, using a custom motion-tracking glove. The device …
A magnitude 6.3 earthquake near Dunhuang killed one person in China’s strongest jolt there in a decade
A magnitude 6.3 earthquake struck a remote stretch of northwestern China roughly 260 kilometers south-southeast of the historic city of Dunhuang, killing at least one person in what registers as the …
NATO reacts to reports on China training Putin’s troops
China and Russia both deny the reports.
China’s industry ministry urges officials to look beyond numbers in economic assessment
BEIJING, June 17 (Reuters) – China’s industry ministry called for “looking beyond the surface of data” in analysing economic operations in a meeting with local industry officials on Wednesday, an …
China’s new home prices fall faster in May as property slump persists despite big-city resilience
China’s new home prices saw a 0.2% dip in May from April, marking a steeper decline and a 3.5% year-on-year fall. While larger cities show signs of stabilization with price increases, smaller cities …
China signs 26 financial institutions to cross-border digital yuan network
China signed 26 financial institutions including Standard Chartered to its CBETS cross-border digital yuan network, creating 24/7 payment links across …
China pays closer attention to stablecoins as cross-border role expands
A PBOC official said China is closely monitoring stablecoins’ impact on cross-border payments and the international monetary system.
Despite U.S.-China Truce, American Companies See Little Improvement in China
A U.S.-China Business Council survey found most American companies see little improvement in China’s business climate, while growing competition from Chinese rivals threatens future profitability.
China to Support IPOs by ‘Future Industry’ Startups, Large Model Companies
China took fresh steps on Wednesday to fund tech innovation amid an intensifying rivalry with the U.S., saying it would support listings of startups in “future industries” like quantum technology, …
China Resources New Energy launches Shenzhen IPO targeting record $3.4 billion raise
The proceeds will fund 7.18 GW of wind and solar projects across China, supporting the company’s expansion and its parent’s strategy to separately list its renewable energy business on the mainland.
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