Xpeng, Chinese EV Maker, To Invest In AI, Hire 4,000 More Employees
In an attempt to survive what it refers to as a “bloody sea” of competition in the biggest auto market in the world, Chinese electric carmaker Xpeng said that it…
China Factory Activity Sees Worst Contraction In Six Months
Pressure is mounting on the Chinese government to take stronger action to support the nation’s economy after December’s factory activity contracted to the lowest level in six months. According to…
Thailand Receives $4.3 Billion From Japanese Automakers For EV Manufacture
On Monday, a Thai government spokesperson announced a deal which will see major Japanese auto manufacturers invest as much as 150 million baht ($4.34 billion) over the five years in…
China Floods Out Legacy Chips To Rob US Firms Of R&D Dollars
A new report in Bloomberg says that although China cannot mass produce semiconductor chips made using the latest cutting edge fabrication techniques, since the government generously subsidizes the semiconductor sector,…
Hong Kong Mulls More Green Digital Bond Sales
As Hong Kong looks to establish itself as a global digital asset trading hub, the city is examining offering green bonds managed on a distributed ledger, after its first sale…
Evergrande Restructuring Depends On Monday Court Hearing
This Monday a Hong Kong Court will convene proceedings to examine the plans for restructuring the troubled Chinese property developer Evergrande to deal with the real estate giant’s $300 billion…
Japan’s Nikkei Poised For Third Week Of Gains On Earnings
The Nikkei share average was on track to post its third weekly gain Friday following a strong start at the beginning of the week, as a robust domestic earnings season…
IMF Upgrade’s China’s Growth Forecast
This week the International Monetary Fund (IMF) said that it is forecasting that the Chinese economy will grow 5.4% in 2023, due to third quarter results which beat expectations, as…
Alibaba, Tencent Join In $340 Million Funding Push For AI Startup Zhipu
This year, AI startup Zhipu has seen a wave of capital flowing into its coffers, some of it from such influential tech firms as Alibaba Group Holding Ltd. and Tencent…
China Ramping Up AI Patents
Bloomberg reported Tuesday that according to data from the World Intellectual Property Organization, China has dramatically increased its lead over the United States in the number of Artificial Intelligence (AI)…
