PetroChina is making a bold move towards renewable energy, spending a staggering US$839 million to acquire CNPC’s Electric Energy. This strategic purchase, according to PetroChina's president, will amplify the synergy between the company’s renewable energy and power sectors, enabling a more robust green energy transition.

China's exclusive profit-making electric vehicle manufacturers, BYD and Li Auto, have rallied from a disappointing first-quarter performance. With BYD's earnings almost doubling in the second quarter and Li Auto's surging by an impressive 86%, they have displayed a strong comeback.

ByteDance, the parent company of TikTok, has secured top-tier talent from various start-ups as it intensifies its dedication to AI technology. This move aligns with the company's long-term strategy to advance GenAI research, a project that's already showing promising results.

In a bold move to fortify its AI ambitions, TikTok's parent company, ByteDance, is bringing on board top-notch talent from leading start-ups. This strategic hire is part of their long-term dedication to GenAI research, which is already showing promising results.

China's leading on-demand service enterprise, Meituan, has announced an impressive 21% surge in revenue for the second quarter, primarily driven by expansion in its fundamental local commerce activities. This is attributed to their 'value for money' approach.

Hong Kong has taken a major step towards a tokenised market with the introduction of a pilot programme for wCBDC. This initiative saw active participation from six entities, including major financial institutions like HSBC, Standard Chartered and Bank of China (Hong Kong). They demonstrated promising test scenarios aimed at improving scalability and interoperability.

EnFlame, a Shanghai-based start-up championed by Tencent and often dubbed as China's answer to Nvidia, has kicked off the mandatory 'tutoring process', a key step for IPO contenders in China.

The first half of 2024 saw Sensetime, a leading Chinese AI behemoth, rake in a whopping $244.3 million in revenue, marking a 21% surge. However, its traditional AI income has plummeted by over half.

In Hong Kong, HashKey, a renowned crypto exchange, has expanded its reach by opening up Avax and Link sales to everyday investors. CEO Livio Weng selected these two cryptocurrencies, which are in the top 20 but not as famous as some of their counterparts, for their potential and to avoid legal complications that some larger tokens are currently entangled in.

In China's bustling metropolises, restaurateurs are grappling with the daunting task of keeping their businesses profitable. Some are resorting to slashing prices in a bid to lure in patrons, highlighting the intense price war that's currently engulfing the country's dining industry.

The abrupt layoffs within IBM's Chinese research and development teams have sent ripples through the British technology sector. The curt nature of a conference call with stateside executives left many employees feeling dismayed.

Chinese local authorities are being strongly encouraged to adhere to approval protocols, secure reliable funding, and bolster fiscal management for their municipal infrastructure endeavors, in a bid to rein in the so-called 'hidden debt'.