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    PBOC and Didi team up to test digital currency

    Jul 14, 2020

    China's central bank is reportedly partnering with several internet companies including Didi Chuxing, the ride-hailing major, to test the use of its digital currency, as the nation pioneers the world in its efforts to experiment with virtual currency.

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    China's AI software and application market hit $2.89b in 2019

    Jul 13, 2020

    The artificial intelligence software and application market in China record $2.89 billion last year, and the number is expected to reach $12.75 billion by 2024, witnessing a compound annual growth rate of 39.9 percent during a six-year period, according to the report released today by International Data Corporation, a global research and marketing services company focused on the tech landscape.

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    Economists expect GDP to return to growth in Q2

    Jul 13, 2020

    China's economy may return to the expansion mode from the second quarter after a sharp contraction in the first quarter, and the country's policies will remain supportive for the rest of the year to help the economy advance steadily out of the COVID-19 pandemic, experts said.

  • Momenta expects robotaxies to be profitable by 2024

    Jul 13, 2020

    High-level autonomous driving has a lot in common with mountain climbing: everybody knows the view atop will be magnificent, but very few know how to reach there.

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    Alibaba hits 5-yr goal of $1t in gross merchandise volume

    Jul 10, 2020

    Chinese business giant Alibaba Group has completed its target set five years ago to achieve $1 trillion in gross merchandise volume this fiscal year, said Zhang Yong, the group's CEO, in a letter to shareholders on Friday.

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    Chip makers hit pay dirt on bourses

    Jul 10, 2020

    Chip makers are making a beeline for the nation's technology-focused STAR Market, seeking to tap into a bullish market amid growing investor enthusiasm for semiconductor-related shares.

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    Top 10 most valuable chip design private companies in China

    Jul 10, 2020

    The Hurun Research Institute released the Hurun China Most Valuable Chip Design Companies 2020 list in mid-June, listing China's top 10 local chip design private companies, ranked by market capitalization or valuation as of May 31 or the latest round of financing valuation.

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    Lenovo to help accelerate intelligent transformation

    Jul 9, 2020

    Chinese tech giant Lenovo Group Ltd is stepping up its push to help local companies accelerate intelligent transformation and unveil new tech solutions for smart cities, education, agriculture, energy, manufacturing and other sectors.

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