Baidu and Alibaba Accelerate AI Innovations
Baidu has unveiled a new version of its flagship AI model, Ernie 5.0.
Baidu and Alibaba Accelerate AI Innovations
Baidu has unveiled a new version of its flagship AI model, Ernie 5.0.
China Accuses US of Seizing Over 127,000 BTC
The Chinese Computer Virus Emergency Response Center (CVERC) has described the US authorities' seizure of 127,271 BTC in October as a cyberattack orchestrated by a "state-level hacker group." This was reported by local media.
Chinese AI Startups Trail American Rivals in Revenue
Chinese startups are significantly lagging behind their American counterparts in terms of revenue.
China Blocks Alibaba’s Stablecoin Plans in Hong Kong
Ant Group, a subsidiary of Alibaba, and JD․com have halted the development of stablecoins pegged to the yuan. This was reported by the Financial Times.
Chinese Bank Tokenizes $3.8 Billion Fund on BNB Chain
The Hong Kong branch of China Merchants Bank has tokenized a money market fund with assets worth $3.8 billion on the BNB Chain.
Bitcoin Price Recovers Above $115,000
The price of digital gold has rebounded following the decline on October 11. The drop was attributed to macroeconomic news rather than internal events in the crypto market.
China Promotes Global Use of Digital Yuan
The People's Bank of China (PBOC) has officially launched the International Digital Yuan Operations Centre in Shanghai, as reported by Xinhua News Agency.
China and South Korea Impose New Restrictions on the Crypto Market
China's Banking Regulatory Commission has unofficially instructed several local brokers to halt RWA business in Hong Kong.
China Restricts Local Firms from Purchasing Nvidia AI Chips
The Cyberspace Administration of China has prohibited the country's largest tech companies from purchasing Nvidia AI chips.
The Economist Predicts Challenges for Yuan-Backed Stablecoins
China will not launch a yuan-backed stablecoin due to a lack of offshore assets and capital controls, writes The Economist.We use cookies to improve the quality of our service.
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