China is intensifying efforts to use its digital yuan as a tool to promote a multi-polar global currency order. The strategy reflects Beijing’s long-standing goal of reducing reliance on the US dollar in international trade and financial settlements. By leveraging central bank digital
Alibaba has unveiled Qwen3-Max, the newest version of its large language model, as part of its ongoing effort to strengthen its artificial intelligence capabilities. The launch underscores the company’s ambition to remain a leader in China’s AI race while challenging global rivals in
China’s Cyberspace Administration (CAC) has launched investigations into several major internet platforms, including ByteDance’s Toutiao and Alibaba’s UCWeb, over their handling of trending-list algorithms. The probes highlight Beijing’s growing scrutiny of how online platforms rank and promote information, reflecting concerns over public opinion
Baidu has announced a major upgrade to its flagship artificial intelligence platform, Ernie Bot, introducing a new reasoning model and a range of features designed to strengthen its competitiveness in China’s rapidly evolving AI market. The move positions Baidu as a leading domestic
Hangzhou, already home to Alibaba and Ant Group, is now being recognized for a new wave of innovation known as the “Six Little Dragons.” These are six emerging AI startups that have quickly gained traction in China’s competitive technology ecosystem. Their rise illustrates
China is preparing to establish a massive 1 trillion yuan venture capital guidance fund to support innovation and high technology industries. The initiative represents one of the largest state-backed financial commitments in China’s history and underscores Beijing’s determination to accelerate breakthroughs in strategic
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
