China's AI powerhouse, MiniMax, has thrown down the gauntlet to OpenAI's Sora with the launch of their first text-to-video creation tool, Video-01. The company promises that future upgrades will empower users to produce videos from still images, marking a significant step forward in the AI technology space.

Analysts predict that the Chinese yuan will maintain its growth against the US dollar. However, the future trajectory of this trend largely depends on the Federal Reserve's actions. Notably, the yuan experienced a significant surge of 1.9 per cent against the dollar in August, marking the most pronounced monthly shift since November.

In an unexpected turn of events, China's yuan saw a significant leap against the US dollar in August, marking a 1.9 per cent increase. This significant shift, the largest since last November, has analysts speculating that the yuan's future might be heavily impacted by the Federal Reserve's decisions.

The financial landscape in China is experiencing substantial shifts as Beijing implements a series of measures, including workforce downsizing and salary reductions, in a bid to mitigate potential risks. This is part of their broader campaign to combat the idolisation of money and other undesirable trends prevalent in the sector.

China's financial sector is in the midst of a sweeping transformation. As part of Beijing's strategy to mitigate risks, the industry is experiencing job losses and salary reductions.

In an ambitious move to transform itself into an automobile and automation powerhouse, Saudi Arabia is turning its gaze towards Chinese technology. The Saudi Minister of Industry is set to embark on a week-long tour of East Asia, with visits to Guangzhou and Hong Kong, in hopes of strengthening ties and probing potential joint ventures.

Kelly Zong Fuli, the heiress of the Wahaha dynasty, has made a surprising comeback to the Chinese beverage behemoth. She now dons multiple roles of legal representative, president, and general manager, positions previously held by her late father and founder of the Hangzhou Wahaha Group.

Setting their sights on Southeast Asia, Hong Kong electronics titan PC Partner is planning to establish a new headquarters and a secondary listing in the dynamic city state of Singapore.

A Chinese firm manufacturing the arcane industrial compound glycine has become an internet sensation, thanks to the fervour of Western netizens.

In the throes of 'Black Myth: Wukong' fever, China's National Press and Publication Administration granted approval to a record-breaking 117 video games in August 2024. This brought the total number of domestically licensed titles for the year to 850, a significant increase compared to the 609 titles licensed during the same period in 2023.

China's factory performance continues to decline, suggesting a weakening economy. The official manufacturing purchasing managers' index (PMI) of China fell to 49.1 in August, a drop from the 49.4 recorded in July.

The co-founder of miHoYo, the company behind the popular game Genshin Impact, Cai Haoyu, recently voiced his thoughts on LinkedIn. He warned that the rise of AI could significantly disrupt jobs in the video gaming industry, suggesting game developers, from novices to experts, should contemplate a career shift.