Stay informed with the latest finance, banking, and economy news from China. Discover insights on market trends, regulatory shifts, and economic policies influencing China’s growing role in global business.

UniCredit’s Acquisition of Commerzbank Invigorates Cross-Border Bank Mergers

Italy’s UniCredit has acquired a 9% stake in Germany’s Commerzbank and indicated its intention to seek a merger between the two financial institutions. UniCredit purchased its shares from the German

Detail

Baidu launches its GenAI chatbot Ernie for all users in China

peshkov/Getty Images China’s search engine and autonomous vehicle maker Baidu has released its generative artificial intelligence (AI) model to the general public, in the hopes of gathering user feedback to improve

Detail

Tencent enters China’s GenAI competition by releasing a foundation model for businesses

Andriy Onufriyenko/Getty Images Tencent is the latest player to hop on China’s generative artificial intelligence (AI) bandwagon, offering its foundation model on which local organizations can test and build their

Detail

The Reasons Behind Temu’s Affordable Prices

Future Publishing/Contributor/Getty Images As Temu remains at the number one spot for top free apps in the Google Play and App Store, the app faces more scrutiny from consumers and

Detail

The OpenAI saga highlights that the competition for AI dominance extends beyond international borders

NurPhoto/Getty Images The battle between the United States and China for AI prowess is what I’d first planned to discuss when starting this post. A frenzied weekend has now changed

Detail

Rock in Rio and BBB without Twitter (and without Boninho); and the 90-year-old Paraguayan Mickey

Is there life for brands after Twitter? Does BBB survive? Does Rock in Rio survive? Does Xandão survive? Ok, Xandão was just a poetic license. And what about BlueSky? For

Detail

TikTok Announces $1.5 Billion Investment in Indonesia’s E-Commerce Market

Abdullah Durmaz/Getty Images TikTok is buying a majority stake in Indonesia’s largest e-commerce platform Tokopedia, in a deal it says will be worth more than $1.5 billion. Under the agreement,

Detail

MBTA to Enable Contactless Payments on Boston’s Public Transportation Network • NFCW

As the trade war between the United States and China continues to escalate, global markets are feeling the impact. The US recently announced an additional 10% tariff on $300 billion

Detail

China Considering the Legality of AI-Generated Voices in Audiobooks

iNueng/Getty Images The Beijing Internet Court on Tuesday began its hearing of a lawsuit filed by the artist, whose family name is Yin, claiming the AI-powered likeness of her voice

Detail

Baidu refutes allegations of involvement in reported Chinese military training on its GenAI chatbot

R_Type/Getty Images Baidu has refuted suggestions it has ties to scientists who say they are training a Chinese military system based on the tech giant’s generative artificial intelligence (GenAI) chatbot,

Detail
×