The Rise, Fall, and Future of Chinese Money in Silicon Valley
When China’s uber-rich zero in on an asset class—be it Los Angeles mansions, French vineyards, or European soccer players—they can quickly drown it in cash. But...
Tag: #China
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Apple Doubles Up on Donations to Virus-affected Communities
Apple announced that it would double the donations to support both the emergency medical response and the recovery of virus-affected communities in China.
Xiaomi Confirms Smartphone Production in Vietnam
A Xiaomi spokesman confirmed that the Chinese consumer electronics company has started to produce smartphones in Vietnam.
Chinese Authorities Crack Down on $5.6B Crypto-Related Money Laundering
Authorities in China's Hunan province have recently busted a criminal group that used cryptocurrency to launder 40 billion yuan ($5.6 billion). The trade of digital currencies was banned in the country last September.
9/27/20223 min read
Founder of Faraday Future, Jia Yueting Failed to Pay the $ 34 million Fine on Time
Recently, due to failure to fulfill the payment obligation determined by effective legal documents on time, Jia Yueting has been issued a new consumption restriction order.
6/15/20232 min read
AI Translator in The Wandering Earth 2 Shows Potential of Intelligent Translation
The AI translator in The Wandering Earth 2, a catastrophical & sci-fic film, depicted as a small microphone-earpiece assembly and was able to perform simultaneous interpretation, hinted at the potential application of intelligent translation.
3/1/20233 min read
Kuaishou Chairman Reduces Shares for Charity and Cutting-Edge Technology
Su Hua, Chairman of Chinese short video streaming platform Kuaishou, reduced his holdings of 54,713,783 Class B company shares on January 18. Kuaishou responded that the proceeds will be used for charitable donations, cutting-edge technology and infrastructure investment.
1/19/20233 min read
8.7 Million Cars Recalled in China in 2021
China's State Administration for Market Regulation (SAMR) issued an announcement on Friday indicating that in 2021, there were a total of 8.736 million recalled vehicles in the country, up 28.8% annually.
3/14/20222 min read
Chinese EV Industry Concludes Challenging January
Many Chinese electric vehicle manufacturers published their first performance reports of the new year on February 1. Affected by the recent Spring Festival holiday, delivery figures in January were generally unsatisfactory.
ZTE to Launch GPU Server that Supports ChatGPT by End of 2023
Xu Ziyang, the Executive Director and CEO of ZTE Corporation - a Chinese technology company specializing in telecommunications - announced on April 6 that the company plans to launch a GPU server capable of supporting high-bandwidth ChatGPT by the end of this year.
China's First High Energy Photon Source Accelerates an Electron Beam
Chinese Academy of Sciences announced that the High Energy Photon Source (HEPS) accelerator, a major national science and technology infrastructure under the "13th Five Year Plan", has successfully accelerated the first electron beam with full energy. As a result, HEPS entered the parallel phase of scientific research equipment installation and beam adjustment.
Xiaomi SU7 Goes on Sale for 27 Minutes, With Sales Exceeding 50,000 Units
Xiaomi SU7 went on sale for 27 minutes, with over 50,000 units sold out. Xiaomi's stock price surged, rising more than 10% at one point.
3/30/20243 min read