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3 July 2025

Alibaba leads US million funding round in Chinese corporate AI agent start-up

Alibaba leads US$14 million funding round in Chinese corporate AI agent start-up

A Hangzhou-based artificial intelligence (AI) start-up specialising in enterprise AI agents has secured over 100 million yuan (US$14 million) from investors led by Alibaba Group Holding’s cloud unit, as Chinese companies strive to leverage the technology to raise business efficiency. BetterYeah AI, a prominent player in China’s enterprise AI sector founded by former Alibaba executives, […]

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Microsoft’s Most Recent Layoffs: What the 9,000 Job Losses Tell Us About the Tech Giant’s Approach

Microsoft’s Most Recent Layoffs: What the 9,000 Job Losses Tell Us About the Tech Giant’s Approach

Microsoft has announced yet another large wave of layoffs, this time impacting about 9,000 employees, a move that has drawn attention from the international tech community. Microsoft’s Most Recent Layoffs announced a number of workforce reductions in 2024 alone, including this round of layoffs at the start of the company’s fiscal year 2026. Even though

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Tech war: US lifts export control of chip design software to China

Tech war: US lifts export control of chip design software to China

The US said on Thursday it had lifted export controls on certain chip design software to China, according to statements from Siemens, Synopsys and Cadence Design Systems. Three of the world’s largest electronic design automation (EDA) software developers have been informed by the US government that sales of their products to China would no longer

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Chinese digital yuan partner signs deal with Hong Kong firm to develop stablecoin tech

Chinese digital yuan partner signs deal with Hong Kong firm to develop stablecoin tech

A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with a Hong Kong firm to tap stablecoin and virtual asset business opportunities, in the latest sign of mainland interest in the city’s recent moves to license cryptocurrency issuers. Shenzhen-listed North King Information Technology said on

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