Month: October 2023
Huawei Overtakes Apple in China
According to a Jefferies study on Monday, Huawei’s smartphones are becoming more popular in China and have surpassed Apple’s iPhone to capture the top spot [more…]
Baidu announces Ernie 4.0 to rival GPT-4
Chinese tech giant Baidu asserts that Ernie 4.0, the most recent iteration of its AI model, is on par with ChatGPT creator OpenAI’s ground-breaking GPT-4. [more…]
Xiaomi Announces HyperOS as MIUI Successor
Xiaomi is announcing a new operating system replacing MIUI, pulling a similar move to Huawei to bolster its ecosystem, much like how Huawei developed HarmonyOS [more…]
BRI is Celebrating its 10th Anniversary
On Tuesday, Chinese President Xi Jinping met with international leaders attending the third Belt and Road Forum (BRF) in Beijing. The forum, which is anticipated [more…]
Alibaba’s Cainiao Begins Half-Day Delivery
Before the approaching Singles Day shopping festival, Cainiao, the logistics division of Chinese digital giant Alibaba Group Holding Ltd, launched its half-day express delivery service [more…]
New Stock Stabilization Fund Considered by China
According to a Thursday report by Bloomberg News, China is considering setting up a state-backed stabilisation fund to support investor confidence in its equity markets. [more…]
China’s Foreign Trade Reaches High for 2023 in September
According to official data released on Friday, China’s foreign trade in September experienced month-over-month growth for the second consecutive month, with trade volume reaching a [more…]
Saudi Arabia and Russia Display Solidarity in the Oil Market
The top energy officials of the OPEC+ leaders told Rossiya 24 that market uncertainties must be closely monitored, saying that the global oil situation is [more…]
China Saves Billions on Sanctioned Oil Imports
Based on data from traders and shiptrackers, estimations based on China’s strategic oil imports from nations under Western sanctions have unintentionally saved the country a [more…]
Sanctioned SMIC Made $1.5 billion in the US
Despite being placed on a US Commerce Department blacklist, Semiconductor Manufacturing International Corp (SMIC), the largest semiconductor manufacturer in China, made a record $1.5 billion [more…]