Chinese startup DeepSeeks’ success has not only put pressure on international rivals but also led to a scramble among domestic competitors to upgrade their own AI models.
Chinese tech giants such as Baidu and Alibaba as well as smaller start-ups have been working on AI projects for years. However, chatbots in China mostly focus on social interactions.
Beijing wants Jack Ma’s firm to sell some of its media assets, including the South China Morning Post, because of growing concerns about its influence over public opinion in China.
The operations that Ant is looking to fold into the holding company include wealth management services, consumer lending, insurance, payments and MYbank, an online lender.
Once hailed as the standard-bearers of China’s economic and technological ascendancy, Alibaba and its compatriots now face increasing pressure from regulators.
Less than two months after the dramatic cancellation of its blockbuster IPO, Ant executives are left in charge of a company whose own narrative is now unclear.
As social media debated whether audiences were consuming Pujarini Pradhan as a symbol, The Juggernaut turned her into a story that could circulate globally, with or without her participation.
Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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