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    Baidu to expand investment in new infrastructure over next 10 years

    Jun 23, 2020

    Chinese internet search giant Baidu Inc announced it will increase investments in new infrastructure areas, which include artificial intelligence, chipsets, cloud computing and data centers, over the next decade.

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    Huawei signs agreement with Lebanese association to train local talents

    Jun 23, 2020

    China's Huawei Technologies has signed a cooperation agreement with the Lebanese Association for the Development of Information and technology (LADIT) that recognizes the association as education partner of Huawei Authorized Learning Partner (HALP) project, the National News Agency (NNA) reported Monday.

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

    Jun 23, 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.

  • Zhongguancun facilitates overseas financing

    Jun 22, 2020

    China's foreign exchange regulator recently upgraded its pilot policy on helping high-tech enterprises in the Zhongguancun Technology Incubation Center borrow money from overseas in its latest effort to support the development of these companies.

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    Huawei AI innovation center makes public debut in Suzhou

    Jun 22, 2020

    Huawei (Suzhou) Artificial Intelligence Innovation Center, co-founded by Huawei and Suzhou Industrial Park (SIP) in August last year, was revealed to public for the first on Friday in Suzhou.

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    China greenlights two IPOs on sci-tech innovation board

    Jun 22, 2020

    China's securities regulator has approved the registration of the initial public offerings (IPOs) of two companies on the science and technology innovation board.

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    JD nets $38b in shopping carnival sales

    Jun 19, 2020

    Chinese e-commerce giant JD, which first launched the June 18 shopping carnival, reported that its sales during the 18-day period reached a staggering 269.2 billion yuan ($38 billion), an increase of 33.6 percent compared with 201.5 billion yuan a year ago, as buyers swarmed the e-commerce giant's online bazaars.

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    Shoppers throng online platforms for deals

    Jun 19, 2020

    Consumer enthusiasm for online shopping was visible once again during this year's June 18 shopping carnival, as major e-commerce players drummed up promotions to boost consumption recovery and shore up an economy hit hard by the novel coronavirus pandemic.

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