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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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 …
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 backs IPOs for AI startups and large model companies as part of tech self-reliance push
China backs IPOs for AI startups and large model companies under its 15th Five-Year Plan, with firms like Zhipu AI and Unitree Robotics already pursuing …
Yum China to acquire Pizza Hut brand ownership in mainland China from Yum Brands
SHANGHAI, June 16, 2026 /PRNewswire/ — Yum China Holdings, Inc. (the “Company” or “Yum China”) (NYSE: YUMC and HKEX: 9987) today announced that it has entered into a definitive agreement with Yum!
mBridge : China backed Blockchain based Cross-Border Payments Platform Prepares for Commercial Rollout
Bridge, a China-supported initiative aimed at transforming international financial transactions is poised to enter its commercial phase. The project, …
‘China’s Instagram’ readies Hong Kong IPO that could see it valued at over $70 billion
Chinese lifestyle and video-sharing platform Xiaohongshu is aiming for an initial public offering in Hong Kong as early as the end of this year, according to people familiar with the matter.
People’s Bank of China officials to address economic support at Lujiazui Forum
PBOC Governor Pan Gongsheng headlines the Lujiazui Forum in Shanghai on June 17-18, where officials will outline economic support policies with implications …
Yum China to acquire ownership of Pizza Hut brand in Chinese mainland, demonstrating long-term commitment to market
Yum China Holdings, Inc. (Yum China) announced on Tuesday that it has entered into a definitive agreement with Yum! Brands, Inc. (Yum! Brands) to acquire ownership of the Pizza Hut brand in the …
Yum China buys Pizza Hut brand in China
Yum China Holdings Inc. YUMC said Tuesday it has agreed to acquire ownership of the Pizza Hut brand in Mainland China from Yum! Brands Inc. YUM for $1.2 billion in cash. Acquisition Ends Pizza Hut…
