On the final day of the year, Alibaba significantly reduced the cost of its Artificial Intelligence visual model by 85%, in a bold move amidst an ongoing price war. This strategic adjustment now places their product Qwen-vl-max as a direct challenger to ByteDance's similar visual model, which was launched mid-December.

Elon Musk's firm suffered the most in a prominent series of product recalls targeting car makers who manufacture or import to China, including Tesla and Trumpchi, due to emerging safety concerns.

Wingtech, an Apple supplier faced with US sanctions, is taking a pivotal turn. In a strategic move influenced by geopolitical factors, the company listed in Shanghai is set to divest from its consumer-electronics contract manufacturing operations, redirecting its focus towards the world of semiconductors.

Freshippo, the supermarket brand of Alibaba, has made headlines in the UK after maintaining a profit streak for nine consecutive months. This impressive feat was confirmed by their CEO Yan Xiaolei, who took on the leadership role in March.

With the aim to outshine its rival, Tencent's WeChat, Alipay has integrated AI image search into its platform. This move highlights the competitive race among mobile payment platforms to increase their users and foster loyalty in the era of Artificial Intelligence.

Following the UK, China could be the next country to join the CPTPP free trade agreement. Though Trump's isolationist policies may pave the way for Beijing to garner backing, numerous hurdles remain on its path to membership.

After overcoming regulatory challenges, Nvidia has successfully finalized the purchase of Run:ai for a staggering $700 million. Earlier this December, the European Commission gave the green light, confirming that the acquisition would not create any competitive disadvantage in the market.

Three establishments in China are facing hefty fines running into millions of dollars for skirting around regulatory norms. This unprecedented move follows warnings issued by the People's Bank of China earlier this year, and comes amidst a significant drop in the country's bond yields.

ByteDance, the powerhouse behind Douyin, China's equivalent of TikTok, is set to take the lead in China's Big Tech sector. It's predicted to double its capital expenditure by 2025, with a staggering US$11 billion slated for 2024 alone, thanks to its robust cash flow.

Facing a hefty order book, China's leading aircraft manufacturer is ramping up its production facilities to accelerate output for the forthcoming year.

In a bold move that's garnering attention in the UK, China has decreed that 30% of government fleets must consist of electric vehicles (EVs). The announcement by the Chinese finance ministry follows a similar directive issued by a central government procurement agency in October, showcasing China's commitment to environmentally friendly transportation and carbon reduction. British car manufacturers and environmentalists are keenly observing these developments.

In an audacious move to win over China's luxury smartphone market, Huawei is generously slashing prices by up to 20% for its high-end handsets on its official online platform.