Ant Group outbids Citadel for Credit Suisse’s China unit
By Gursimran Kaur and Selena Li in Hong Kong (Reuters) – Fintech giant Ant Group has outbid billionaire Ken Griffin’s Citadel Securities for Credit Suisse‘s investment bank venture in China,…
China’s Honor globally launches AI-enhanced Magic 6 Pro smartphone
By Olivier Sorgho (Reuters) – Chinese technology company Honor on Sunday globally launched its new Magic 6 Pro smartphone and showcased an experimental eye-tracking AI function that enables users to…
China’s Lenovo posts Q3 revenue growth, beats analyst estimates
By Josh Ye HONG KONG (Reuters) – China’s Lenovo Group, the world’s largest maker of personal computers, on Thursday reported October-December revenue of $15.72 billion, up 3% from the same…
China’s BYD plans new electric vehicle plant in Mexico, says Nikkei
By Sameer Manekar (Reuters) – China’s BYD Co Ltd will set up a new electric vehicle (EV) factory in Mexico, Nikkei reported on Wednesday, citing the company’s Mexico head, as…
Baidu partners with Lenovo in third China AI smartphone deal
By Josh Ye HONG KONG (Reuters) – China’s Baidu has partnered with Lenovo to feature its generative artificial intelligence (AI) technology on Lenovo’s smartphones, in the latest team up with…
China bets on open-source chips as US export controls mount
By Eduardo Baptista China – BEIJING (Reuters) – When a Beijing-based military institute in September published a patent for a new high-performance chip, it offered a glimpse of China’s bid…
China launches Jielong-3 rocket as commercial missions pick up pace
By Ryan Woo BEIJING (Reuters) – A small but powerful Chinese rocket capable of carrying payloads at competitive costs delivered nine satellites into orbit on Saturday, Chinese state media reported,…
China’s Geely launches 11 low-orbit satellites for autonomous cars
By Zhang Yan SHANGHAI (Reuters) – Chinese automaker Geely Holding Group said on Saturday it has launched 11 low-earth orbit satellites, its second dispatch, as it expands its capacity to…
China’s BYD forecasts 2023 net profit to rise as much as 86.5% y/y
By Ethan Wang, Zhang Yan, Ella Cao and Ryan Woo BEIJING (Reuters) – Chinese electric vehicle (EV) giant BYD said on Monday it expects net profit in 2023 to have…
China approves over 40 AI models for public use in past six months
By Josh Ye HONG KONG (Reuters) – China has approved more than 40 artificial intelligence (AI) models for public use in the first six months since authorities began the approval…