Facing stiff competition from local rivals and a challenging Chinese market, Tesla is reportedly exploring the integration of DeepSeek and Doubao’s AI models into its in-car voice assistant […]
Nvidia Halts H20 Chip Production in China Amidst National Security Concerns
Nvidia has instructed its suppliers to halt production of its H20 processors, specifically targeting the Chinese market, following pressure from Beijing over potential national security risks. The move […]
China Invests $69 Billion in Digital Economy & AI, Sparking Potential Tech Advancements
China’s recently launched $69 billion policy fund aims to propel growth within the digital economy and artificial intelligence (AI). This initiative, spearheaded by major policy banks like China […]
5% Crypto Allocation: UBS Reveals Shifting Focus of Chinese Family Offices
A recent report from UBS reveals that Chinese family offices are increasingly allocating 5% of their portfolios to cryptocurrencies, signaling a significant shift in the Asian wealth management […]
China Plans Yuan-Backed Stablecoin to Challenge USD Influence
Facing the growing influence of USD-based stablecoins, China is considering launching a yuan-backed stablecoin as part of a strategy aimed at increasing renminbi usage in international trade. This […]
Chinese Family Offices Invest 5% in Crypto
UBS reveals that a significant portion of Chinese family offices, with investments focused on the global market, have allocated around 5% of their portfolios to cryptocurrencies according to […]
Boeing Secures Potential $50 Billion Deal with China for 500 Jets
Aerospace giant Boeing is nearing a major deal with China, potentially securing an order for 500 jets worth billions of dollars. The deal, if finalized, would mark the […]
China Invests $500 Billion in Emerging Sectors
China has launched a significant initiative worth 500 billion yuan to boost its burgeoning industries, with a particular focus on digital economy and green technologies. This investment drive […]
China Moves Forward with Yuan-Backed Stablecoin Plans, Aiming to Strengthen its Currency’s Role in Global Fintech
China is making progress towards launching a yuan-backed stablecoin, spearheaded by the State Council and People’s Bank of China. This initiative aims to expand the Chinese currency’s influence […]
China Considers Yuan-Backed Stablecoin: Potential Impact on Global Fintech Landscape
China is exploring the launch of a yuan-backed stablecoin, marking a potential policy shift and significant changes in global financial dynamics. The initiative could impact USD stablecoin dominance, […]
China Considers Stablecoins: Potential Policy Shift Sparks Market Fears
China’s potential entry into the stablecoin market is sparking significant discussion and uncertainty in the crypto world. As a nation known for its tight restrictions on cryptocurrencies, China […]
China Restricts Sales of Nvidia’s H20 AI Chips, Raising Tech Tensions
China has taken a significant step in escalating the tech rivalry with the US, restricting the sale of Nvidia’s H20 AI chips. This move follows recent comments from […]
Chinese Family Offices Surge Crypto Exposure to 5%, Driven by Young Leadership and Regulatory Favoritism
Chinese family offices are increasing their allocation of digital assets, reaching a significant milestone of 5% of portfolios. This shift is largely attributed to the influence of younger […]
Beijing Court Sentences Liu for Crypto Money Laundering
Liu was sentenced to three years and six months in prison for concealing criminal proceeds through USDT transactions, highlighting China’s ongoing crackdown on cryptocurrency-related crimes. This case serves […]
China Exploring Yuan-Backed Stablecoins: Major Shift in Crypto Policy
China is considering a major policy shift regarding cryptocurrencies. The nation is reportedly exploring whether to authorize yuan-backed stablecoins, potentially reversing its 2021 ban on crypto activities. This […]