Meta, led by chairman and CEO Mark Zuckerberg (pictured), will be required to unwind its $2 billion takeover of Manus. File Photo by Will Oliver/UPI April 27 (UPI) — The Chinese government is moving to block Meta’s $2 billion acquisition of Manus, a Singaporean artificial intelligence company originally founded in China. China’s National Development and…
The Instagram, Facebook, and WhatsApp apps can be seen on a smartphone display in front of the logo of the internet company Meta. Jens Büttner/dpa China has blocked the takeover of the AI start-up Manus by the US tech giant Meta. China’s National Development and Reform Commission announced on Monday that the authority responsible for…
China cannot merely chase the technological frontier – it must seize ownership of it, a prominent economist has warned, urging Beijing to accelerate basic research and master core technologies to gain leverage against Washington’s targeted restrictions. “China can no longer play follower. The US won’t let it,” said Wang Yiming, vice-chairman of the China Centre…
With the first wave of commercial Chinese real estate investment trusts (REITs) set to launch in the next two years, Greater Bay Area assets are likely to be in strong demand, according to Deloitte China. “GBA assets will likely be oversubscribed,” according to Ryan Wu, deputy managing partner for Hong Kong Chinese enterprises services with…
With the first wave of commercial Chinese real estate investment trusts (REITs) set to launch in the next two years, Greater Bay Area assets are likely to be in strong demand, according to Deloitte China. “GBA assets will likely be oversubscribed,” according to Ryan Wu, deputy managing partner for Hong Kong Chinese enterprises services with…
China’s artificial intelligence still needs to improve in six aspects, from ecosystem to funding, but the emergence of DeepSeek has significantly boosted the sector’s confidence in overcoming US restrictions, according to a mainland venture capital firm. China and the US were the two top players in global AI development, with the former leading in humanoid…
China is further opening up several major state-dominated industries to private capital by raising the ownership limit and removing some investment barriers. China’s cabinet — the State Council — has unveiled a package of 13 measures to promote private investment, in an effort to revive a sector that’s struggled against the backdrop of sluggish demand…
High technology and low incomes were in sharp focus in China late last week as two of its senior officials visited opposite ends of the country. On a trip to the eastern province of Zhejiang from Thursday to Saturday, Vice-Premier Zhang Guoqing urged manufacturers to apply new technologies such as artificial intelligence (AI) to research…
Chinese local governments have been told they may use artificial intelligence to help decision-making, but must ensure they do not leak any sensitive data or “blindly” pursue technological superiority. New guidelines, published by the Cyberspace Administration of China and the National Development and Reform Commission on Friday, said AI models could make government more efficient…
As China drafts its 15th five-year plan – the next entry in a line of expansive blueprints that have set the tone for the country’s development over more than seven decades – we examine how these documents inform and reflect high-level policy priorities, what to expect in the coming iteration and how fine-tuning supply chains…