Month: October 2023
Alibaba Cloud is used by 80% of Chinese Tech Companies
With half of the nation’s AI language model businesses and 80% of tech companies already using the platform, Alibaba Cloud is cementing its position as [more…]
Yuan is Now Second Most Used Currency For Trade Finance
Based on data from the global SWIFT system, the yuan has surpassed the euro to become the second most important currency in trade settlements for [more…]
Brazil Settled First International Yuan Loan
A step towards the internationalisation of the Chinese currency has been accomplished with the completion of the first cross-border commercial loan in Brazil denominated in [more…]
XPeng to Roll Out Self-Driving in 50 More Cities
Chinese EV start-up Xpeng plans to expand its advanced driver assistance system (ADAS) to 50 mainland cities by the year-end and nationwide by the end [more…]
YMTC Makes Breakthrough in Memory Technology
China’s leading memory chip manufacturer, Yangtze Memory Technologies Co (YMTC), has quietly produced the world’s most advanced 3D NAND memory chip, according to TechInsights. This [more…]
Rapid Increase in China Innovation Index
An indicator revealed that China’s innovation increased rapidly in the previous year as new growth drivers gained traction and provided a boost for high-quality development. [more…]
China to Shrink US Treasury Holdings
As part of China’s increased efforts to diversify its foreign exchange reserves, due to the global liquidity and safety risks, the country may keep cutting [more…]
Alibaba Hits record in Singles’ Day Festival
Alibaba has 1 million brands and merchants involved in its marketplace promotions for the 11.11 festival, which runs from October 24 to November 11. Content [more…]
China Limits Export of Key Graphite Material
Days after the US tightened limits on shipments of AI chips to China, the Chinese ministry of commerce placed limitations on Friday on exports of [more…]
PBOC Makes Largest Cash Injection in Three Years
China’s central bank has increased liquidity support to the banking system by conducting medium-term lending facility (MLF) operations worth 789 billion yuan ($107.96 billion) to [more…]
