CHINA News  

January 2, 2025
China's Advanced Nuclear Power Surges Ahead
China's endeavours in nuclear power are picking up pace with the commencement of a significant new reactor. Situated in Fujian province, this venture is the inaugural example of China's third-generation Hualong One reactor transitioning into large-scale commercial use.
January 2, 2025
Apple Slashes iPhone Prices Amid Huawei Rivalry
In an attempt to compete with Huawei, Apple is launching a promotional offer for Chinese customers. From January 4th to 7th, the tech giant is offering a US$68 discount on their premium iPhone 16 Pro models.
January 2, 2025
Yuan Plummets Amid Rising Dollar
The Chinese yuan has plummeted to a two-year low, intensifying pressure on Asian currencies as the US dollar continues to strengthen. Analysts predict further strain on the yuan due to China's 'moderately loose' monetary policy, which could exacerbate interest-rate differentials.
January 2, 2025
Ex-Intel Executive Heads China's Hua Hong
Hua Hong, China's second largest chip manufacturer, has appointed a former Intel executive as its new president. With a rich experience spanning over three decades in semiconductor fabrication, Bai has held executive roles at several chip-making giants, including Intel.
January 2, 2025
China's EV Giants Set New Records
An unprecedented surge in purchasing led to record-breaking Electric Vehicle (EV) sales in China last month. The industry leaders who hit these new highs include BYD, Nio, Xpeng, Li Auto, the Stellantis-supported Leapmotor, and Geely's Zeekr.
January 1, 2025
DeepSeek: China's Revolutionary AI Pioneer
Hailing from Hangzhou, DeepSeek has emerged as the unexpected powerhouse in open-source large language models, as of 2025. According to Nvidia research scientist Jim Fan, this Chinese start-up is redefining the landscape of AI model training.
January 1, 2025
Alibaba's Billion-Dollar Hypermarket Divestment
Alibaba has made the strategic decision to part ways with the Sun Art Retail Group, selling it to DCP Capital, a private-equity firm based in China. This billion-dollar divestment is part of Alibaba's larger plan to refocus its attention on its e-commerce operations.
January 1, 2025
China Revives Firework Industry with Drones
The age-old firework industry in China is getting a new lease of life. With the increasing bans on traditional fireworks, the industry is tapping into the rising trend of drone shows and transitioning towards 'cold fireworks'.
January 1, 2025
Taiwan's New Visa Lures Digital Nomads
In a strategic move to combat a talent shortage, Taiwan has introduced 'digital nomad' visas. This scheme allows foreign digital experts to reside in the country for up to six months, underscoring Taiwan's claim to have the best environment in Asia for digital nomads.
January 1, 2025
DJI's Global Headquarters in Shenzhen
DJI, China's leading drone manufacturer, is set to establish its global headquarters in the heart of Shenzhen's new city centre. The company is eyeing a 15,658-square-metre plot within the prestigious Shenzhen Bay Super Headquarters Base for this ambitious project.
December 31, 2024
Huawei's Triumph Amid US Sanctions
In a New Year's Eve message filled with optimism, Huawei's Meng Wanzhou celebrated the firm's achievements amidst US sanctions. These accomplishments notably include the design of an AI chip and the development of HarmonyOS.
December 31, 2024
Alibaba Slashes AI Prices, Challenges ByteDance
In a dramatic end-of-year move, Alibaba has slashed the cost of its AI visual model, Qwen-vl-max, by a staggering 85%. This bold step sets the stage for a head-to-head showdown with ByteDance, who released a comparable visual model in December. The price war continues to escalate in the competitive AI industry.