29 June 2025

Alibaba Group Holding has trimmed its partnership – a key corporate governance body for the e-commerce and artificial intelligence (AI) giant – as it embraces younger business leaders and strives to return to a start-up mindset. Nine executives and company veterans – including former CEO Daniel Zhang Yong, 53, and fellow co-founders Trudy Dai Shan, […]

US chip giant Nvidia has hired two prominent artificial intelligence (AI) experts who hail from China, underscoring the rising global recognition of talent from the mainland and their key contributions to the field’s advancement. Zhu Banghua and Jiao Jiantao, both alumni of China’s Tsinghua University, said on their respective social media accounts that they joined

China already has de facto stablecoins in the form of WeChat Pay and Alipay, a top economist at the country’s leading investment bank has argued – amid growing calls for Beijing to quickly adapt to the global rise of digital assets. “From an economic perspective, money based on third-party payment platforms functions much like stablecoins

China still lags behind the US in artificial intelligence (AI) chips, but the country is rapidly catching up in algorithms amid an intense technological race between the world’s two largest economies, according to renowned computer scientist Harry Shum Heung-yeung. AI competition encompassed three key aspects: chips, algorithms, and applications – and the US was “clearly”