The Industrial and Commercial Bank of China (ICBC), the world’s largest commercial bank by assets, has launched an 80 billion yuan fund to accelerate technology innovation. The initiative is designed to support strategic sectors including artificial intelligence, semiconductors, green energy, and advanced manufacturing.
China has proposed the creation of a global governance body for artificial intelligence, aimed at ensuring that no single country or corporation monopolizes the development and use of advanced AI technologies. The proposal, presented at a recent international forum, underscores Beijing’s growing role
China’s artificial intelligence industry is set for a record year in 2025, with capital expenditure projected to reach between 600 and 700 billion yuan. The figure highlights the country’s determination to scale up its AI infrastructure, spanning data centers, semiconductors, cloud platforms, and
Ant Group, the fintech giant backed by Jack Ma, has announced new initiatives to expand into global cash management services using artificial intelligence. The company, best known for Alipay, is positioning itself as a cross-border financial technology leader at a time when demand
Chinese regulators have moved to ban leading domestic technology companies from acquiring high-performance Nvidia artificial intelligence chips, citing the need to accelerate the development of homegrown alternatives. The decision comes as tensions with the United States continue to limit China’s access to advanced
Tencent has launched a multi billion dollar bond sale aimed at financing its investments in artificial intelligence and cloud computing. The move highlights how China’s largest internet companies are turning to capital markets to secure funding for the next stage of technological growth.
China has begun work on a project worth 37 billion US dollars that involves transforming farmland into massive data centers to fuel its artificial intelligence ambitions. Dubbed by some observers as the “Stargate of China,” the initiative highlights the country’s determination to centralize
Alibaba has announced plans to expand its artificial intelligence investment to levels exceeding 53 billion US dollars over the coming years. The e-commerce and cloud giant is positioning AI as the cornerstone of its growth strategy, focusing on cloud infrastructure, enterprise adoption, and
China has opened a new Digital Yuan Hub in Shanghai with the explicit aim of expanding cross-border payment capacity. The hub represents one of the most ambitious steps in the evolution of the e-CNY, the country’s central bank digital currency. Officials describe the
The People’s Bank of China (PBOC) has inaugurated a new Digital Yuan Operation Center, a major step in moving its central bank digital currency (CBDC) strategy from pilot testing to institutional scale. The center is designed to manage the technical backbone, improve settlement
