CHINA News  

September 5, 2024
UK's Interest in You.com's Funding Boost
You.com, an artificial intelligence (AI) search start-up, has secured a staggering $50 million in a funding round from Nvidia and DuckDuckGo. This significant financial injection propels the company's total funding to an impressive $99 million, despite the fierce rivalry in the AI-driven search marketplace, particularly from heavyweights Google and Microsoft.
September 5, 2024
C919 Jet: UK Perspective
China Eastern Airlines, Air China, and China Southern Airlines have all received their locally manufactured C919 narrowbody passenger jet. Despite its impressive performance, the aircraft's profitability is still questionable.
September 5, 2024
Tencent Banks on AI and Gaming
Tencent, the tech behemoth, is witnessing an upsurge in demand from Chinese and international clients for its services abroad, according to Dowson Tong, CEO of Tencent Cloud. The company is staking its growth on the burgeoning boom in artificial intelligence and its stronghold in the video gaming world.
September 4, 2024
China's Tech Giants Accused of Espionage
Taiwan has levelled serious accusations against eight of mainland China's firms, including Naura Technology Group, a significant player in the tech market with many of China's leading chip manufacturers on its client list. The allegations involve talent poaching and theft of trade secrets.
September 4, 2024
Taiwan's Tech Talent Battle
Taiwan is pointing fingers at eight prominent firms from mainland China, including Naura Technology Group - a significant service provider to China's biggest chip manufacturers. The accusation? Poaching top-tier talent and pilfering confidential secrets.
September 4, 2024
China's Response to US Tech War
Beijing is being encouraged to thoroughly assess the broader consequences of the American technology war. Xu Shanda, a former tax officer, has also advised the Chinese government to focus on enhancing consumer spending and bolstering the confidence within China's private sector.
September 4, 2024
Samsung's Major Cutbacks in China
Samsung is reportedly planning a considerable trim of 8% of its sales workforce in mainland China due to underwhelming performance. This move signals the beginning of a more extensive restructuring process that could see nearly 30% of Samsung's mainland China workforce reduced by the following year.
September 4, 2024
Urgent Action Needed Against Digital Crime
The surge of digital currencies like bitcoin and ether being exploited for illicit activities has been staggering, says a law professor. This calls for an immediate plan of action to counteract money-laundering in China.
September 4, 2024
Urgent Action Needed in China's Crypto-Crackdown
An eminent law professor has highlighted the urgent need for China to devise strategies to reclaim unlawfully acquired digital assets. The surge in the usage of virtual currencies like bitcoin and ether in illegal activities has been nothing short of phenomenal.
September 4, 2024
Baidu Unveils 'Wenxiaoyan' Amid AI Race
Baidu, the leading titan in the internet search realm, utilises its stronghold to carve out a unique space in China's blossoming AI industry. The rebranding of Ernie Bot to 'Wenxiaoyan' is its latest move to outshine competitors.
September 4, 2024
UK Investors Drawn to Chinese Reform
A recent publication from a Chinese newspaper highlights the need for local regions to radically change their strategies to attract investment. The article suggests that previous methods are now outdated and ineffective.
September 4, 2024
ByteDance's Generous Employee Share Scheme
ByteDance, the parent company of TikTok, has launched a generous share buy-back initiative for its staff, pricing the vested restricted stock units at an impressive $181 per share. This represents a nearly 6% premium over the previous round. Initially, this attractive offer is being extended to their US employees.