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China Showcases AI and Robotics Prowess at Global Web Summit Amidst US Espionage Claims

China Showcases AI and Robotics Prowess at Global Web Summit Amidst US Espionage Claims

China is actively promoting its advancements in artificial intelligence and robotics at the global Web Summit in Lisbon. The event features demonstrations of dancing robots, tai chi-performing robots, and low-cost AI models from various Chinese companies like Unitree, Agibot, Galbot, and Ubtech Robotics. Web Summit founder Paddy Cosgrave noted a shift in innovation, stating that future 'superstars' are increasingly emerging from China rather than California. The summit also includes presentations from Chinese firms involved in AI systems for robotaxis, such as Pony.ai, and electric vehicle manufacturers like Xpeng, which displayed a prototype flying car. This showcase occurs as Beijing faces allegations of spying on the US AI chip giant Nvidia, a claim that China has denied. The event highlights China's push for new markets due to weak domestic demand and US market restrictions based on national security concerns. Chinese open-weight AI models are also attracting interest from European companies.

WeChat Livestreaming Develops Closed-Loop Private Traffic Ecosystem for Businesses

WeChat Livestreaming Develops Closed-Loop Private Traffic Ecosystem for Businesses

WeChat Livestreaming Develops Closed-Loop Private Traffic Ecosystem for Businesses

Hong Kong Repurposed as China's Offshore Financial Platform, Shifting Global Capital Flows

Hong Kong Repurposed as China's Offshore Financial Platform, Shifting Global Capital Flows

Hong Kong Repurposed as China's Offshore Financial Platform, Shifting Global Capital Flows

Qualcomm Faces Revenue Concentration Risk with Key Mobile Handset Customers and Intense Competition

Qualcomm Faces Revenue Concentration Risk with Key Mobile Handset Customers and Intense Competition

Qualcomm Faces Revenue Concentration Risk with Key Mobile Handset Customers and Intense Competition

A pastor at a Beijing underground church has been arrested, his wife says

A pastor at a Beijing underground church has been arrested, his wife says

Chinese authorities have arrested a pastor from a house church in Beijing, according to his wife

China extends suspension of 24% tariff on US imports for two months

China extends suspension of 24% tariff on US imports for two months

BEIJING, Nov 9 (Reuters) - China will maintain the suspension of its additional tariff of 24% on US imports for two months from 13:01 p.m. on Tuesday, but retain a tariff of 10%, its state council, or cabinet, said.

UNICEF Seeks Consultant for Child-Sensitive ESG and Responsible Business in Beijing

UNICEF Seeks Consultant for Child-Sensitive ESG and Responsible Business in Beijing

UNICEF is seeking a consultant for policy advice on child-sensitive Environmental, Social, and Governance (ESG) and global responsible business practices in Beijing, China. This 11-month remote consultancy, with travel requirements, aims to provide specialized technical and analytical support to UNICEF China's initiatives. The consultant will focus on developing high-quality knowledge products, offering technical inputs and policy analysis, preparing a strategic roadmap, and producing government advocacy and policy-briefing materials. The work will connect children's rights with China's national priorities, including population high-quality development, family support, child-friendly society, childcare services, inclusive growth, human capital development, responsible business conduct, ESG disclosure, and sustainable finance. The role requires translating UNICEF frameworks and China-specific evidence into actionable recommendations for government and other key stakeholders. This initiative underscores UNIC...

Nasdaq Extends Trading Hours to Overlap with Asian Markets, Intensifying Competition

Nasdaq Extends Trading Hours to Overlap with Asian Markets, Intensifying Competition

Nasdaq Extends Trading Hours to Overlap with Asian Markets, Intensifying Competition

China extends suspensions of 24% tariff on US goods, port fees on US ships for two months

China extends suspensions of 24% tariff on US goods, port fees on US ships for two months

BEIJING, Nov 9 (Reuters) - China on Monday extended the suspension of its additional tariff of 24% on US imports and the suspension of special port fees on US-linked ships for two months. • The 24% additional tariff on US imports will continue to be suspended for two months from 1:01 p.m.

Exclusive-Microsoft presses Trump to scuttle ban on Chinese data center tech

Exclusive-Microsoft presses Trump to scuttle ban on Chinese data center tech

By Alexandra Alper WASHINGTON, Nov 10 (Reuters) - Microsoft and other companies and trade groups have pressed the Trump administration to halt plans to bar imports from China of a key component used in AI data centers, three people familiar with the situation said.

Exclusive-Microsoft presses Trump to scuttle expected ban on Chinese data center technology

Exclusive-Microsoft presses Trump to scuttle expected ban on Chinese data center technology

By Alexandra Alper WASHINGTON, Nov 10 (Reuters) - Microsoft has been pressing the Trump administration to halt plans to bar Chinese imports of a key component used in AI data centers, three people familiar with the situation said.

Factbox-What we know about Megaspeed, Singapore-based customer of Nvidia

Factbox-What we know about Megaspeed, Singapore-based customer of Nvidia

By Xinghui Kok SINGAPORE, Nov 10 (Reuters) - Singapore-based cloud computing firm Megaspeed faces renewed scrutiny as the United States looks into Nvidia CEO Jensen Huang's affair with Chinese businesswoman Alice Huang, alleged to be a spy for Beijing.