China’s southern tech hub of Shenzhen is poised to surpass long-time foreign-trade champion Shanghai this year, having posted record trade by value and a record growth rate in the first 11 months of 2024. The strong growth has been buoyed by growing demand for electronics, hi-tech products, and an expansion of cross-border e-commerce, according to…
BEIJING (Reuters) – Apple is in talks with Tencent and TikTok owner ByteDance about integrating their artificial intelligence models into iPhones sold in China, according to three sources familiar with the matter. The U.S. company started the rollout of OpenAI’s ChatGPT into its devices this month, part of the Apple Intelligence product that allows its Siri…
Apple is reportedly in talks with Chinese technology giants Tencent and ByteDance to integrate their artificial intelligence models into iPhones sold in China. This move comes amid the backdrop of Apple launching OpenAI’s ChatGPT within its devices, aiming to enhance its Siri voice assistant capabilities. With ChatGPT unavailable in China due to regulatory…
CLN KraneShares Key News Asian equities were mixed overnight as South Korea bounced after yesterday’s 52-week low. US-listed China ADRs and ETFs had a very strong day yesterday following Politburo’s very strongly worded release, including “proactive fiscal policy” and “loose monetary policy.” A key point is the release occurred after the Mainland’s 3 PM close,…
CLN KraneShares Key News After the Mainland’s close, a statement was released from today’s meeting of the Politburo, which is the Political Bureau of the CPC Central Committee, i.e. the highest echelon of China’s government, which was presided over by President Xi. The statement said that the body would “implement more proactive fiscal policies and…
Tech operators in China have been given a deadline to rectify issues with recommendation algorithms, as authorities move to revise cybersecurity regulations in place since 2021. A three-month campaign to address “typical issues with algorithms” on online platforms was launched on Sunday, according to a notice from the Communist Party’s commission for cyberspace affairs, the…
Chinese internet giant Tencent Holdings added more than 3,000 jobs in the third quarter, in a sign that the country’s most valuable technology company is on a new growth trajectory after the industry was beset by downsizing in recent years. The Shenzhen-based company had 108,823 employees by the end of September, up 3 per cent…
1. ByteDance’s ChatGPT-like Doubao AI bot becomes No 1 in China with 51 million users Doubao has become China’s top AI app with 51 million active users, surpassing competitors like Baidu’s Wenxiaoyan and Alibaba’s Kimi. Free and versatile, it excels in various tasks including text, image, audio and video generation, and data analysis, making it…
CLN KraneShares Key News Asian equities were mixed overnight despite a very strong US dollar as the US 10-year Treasury Year Yield rose to over 4.6%, while Japan and India were higher, and Hong Kong, Indonesia, and the Philippines underperformed. The Renminbi’s weakness, as it fell by -0.99%, garnered media attention even though the Yen…
Hong Kong’s exchange-traded fund (ETF) market is logging a record year thanks to the recent market rally, expanded inclusion in the cross-border Stock Connect programme and a series of new products, including Asia’s first pegged to virtual assets. Net fund flows of Hong Kong’s exchange-traded product (ETP) market, which includes ETFs and leveraged and inverse…