Microsoft joint venture Wicresoft has put a halt to its China projects with the US technology giant, laying off around two thousand employees in the process, according to local media reports and some affected workers. Employees at the Shanghai office of Wicresoft – a Bellevue, Washington-based business consulting venture founded by Microsoft and its Shanghai…
US technology giant Google moved to assure developers in China on Friday that its Android mobile operating system (OS) will remain open source after a change to how it publishes its code raised concerns that developers may lose access. Google, owned by Mountain View, California-based Alphabet, sent a notice to its China-based partners to assure…
A total of 41 new corporate venture capital funds were registered in the coastal province last year, the highest number among those recorded in 18 mainland provinces in the same period, according to the latest data from CYZone Research Centre in China. Zhejiang has been attracting more investments amid the province’s evolution from e-commerce hub…
Chinese lawmakers and political advisers have urged the country’s education system to make quick changes to cope with challenges brought by artificial intelligence and a rapidly greying population. These suggestions echoed remarks made by President Xi Jinping on the sidelines of the “two sessions”, the annual meetings of China’s top legislature and political advisory body….
Guangdong will further strengthen its manufacturing and industrial base and make it more “modern” to maintain its decades-long status as China’s economic powerhouse, according to the top official in the country’s richest province. The southern province will “adhere to the principle of making the real economy our foundation, and manufacturing our mainstay”, Guangdong party secretary…
China’s focus on expertise and innovation have been powerful drivers of growth over the past year and look set to remain so despite the “profound” changes around the world. Addressing the media, Liu, the CPPCC’s spokesman for the session, said China’s vast market had potential to unlock fresh spending and was supported by a well-established…
With his symposium that brought together China’s top private entrepreneurs, President Xi Jinping sent a message that the country has won an initial victory in weathering technological restrictions imposed by the US. According to the People’s Daily, Xi told the country’s tech titans, including Huawei Technologies founder Ren Zhengfei and robotics start-up Unitree founder Wang…
China’s venture capital (VC) firms have been sidelined in the frenzy surrounding DeepSeek, with none of them known to have invested in the open-source large AI model developer. Baidu Venture, an independent AI-focused investment arm initiated by its namesake Chinese internet giant, did not invest in DeepSeek even though the venture company sits just one…
A merchant adorns her store with Spring Festival decorations in the Yiwu International Trade Market in Yiwu, East China”s Zhejiang province, Feb 9, 2025. [Photo/Xinhua] HANGZHOU — Yiwu International Trade Market, the world’s largest wholesale market for small commodities located in the city of Yiwu in East China’s Zhejiang province, reopened on Sunday after the…
This is the final story in a three-part series examining the future of China’s humanoid robots; competition between the US and China; and Beijing’s efforts to gain an advantage in this emerging arena. In this piece, we look at how local and national government policies and innovation centres are fuelling dreams of global technological supremacy….