Ethan Zhao
Senior Reporter
The Latest
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Ant Group's Transformation Culminates with $984 Million Fine; Brighter Future for Chinese Tech Giants in Sight
The Chinese regulatory clampdown on Ant Group, Alibaba's financial affiliate, reached a significant milestone on Friday, as authorities imposed a hefty fine of 7.12 billion yuan ($984 million) on the fintech giant. This penalty, among the largest ever levied on an internet company in China, caps off a turbulent period of regulatory reforms. 
The Chinese regulatory clampdown on Ant Group, Alibaba's financial affiliate, reached a significant milestone on Friday, as authorities imposed a hefty fine of 7.12 billion yuan ($984 million) on the fintech giant. This penalty, among the largest ever levied on an internet company in China, caps off a turbulent period of regulatory reforms. -
Moderna's First Chinese Investment: Medications Will be 'For China Only'
According to Reuters on July 5, U.S. vaccine manufacturer Moderna announced that it has signed a Memorandum of Understanding (MoU) and a land cooperation agreement, seeking the opportunity to research, develop, and produce mRNA drugs in China. Chinese media stated this marks Moderna's first investment in China. 
According to Reuters on July 5, U.S. vaccine manufacturer Moderna announced that it has signed a Memorandum of Understanding (MoU) and a land cooperation agreement, seeking the opportunity to research, develop, and produce mRNA drugs in China. Chinese media stated this marks Moderna's first investment in China. -
Chinese EV Giants Rush to Thailand as BYD Dominates Sales
The widespread success of BYD in Thailand has incited a flurry of Chinese electric vehicle (EV) manufacturers to break into the Thai market. 
The widespread success of BYD in Thailand has incited a flurry of Chinese electric vehicle (EV) manufacturers to break into the Thai market. -
NVIDIA's Splurge on AI Unicorns: A Bid to Establish the Ultimate AI Industry Alliance with Money and GPUs?
The surge of ChatGPT has ignited an AI race among tech giants and startups alike. In this AI gold rush, NVIDIA, provider of top-tier AI chips, has emerged as the winner, with Wall Street dubbing NVIDIA "the sole arms dealer in the AI war." 
The surge of ChatGPT has ignited an AI race among tech giants and startups alike. In this AI gold rush, NVIDIA, provider of top-tier AI chips, has emerged as the winner, with Wall Street dubbing NVIDIA "the sole arms dealer in the AI war." -
BYD's Electrifying Surge: Sales Soar by 88.79% despite Buffet's Ongoing Divestiture
BYD, the Chinese automobile manufacturer persistently being sold off by Warren Buffet, has achieved new sales heights for the month. BYD, the Chinese automobile manufacturer persistently being sold off by Warren Buffet, has achieved new sales heights for the month. -
Huawei Announces the Arrival of 5.5G Era: Full Suite of Network Equipment to Roll Out in 2024
In a significant announcement at the 2023 MWC Shanghai 5G Advanced Forum, Yang Chaobin, a board member and President of ICT Product & Solution at Huawei, revealed the company's plans to launch a complete set of 5.5G network equipment for commercial use in 2024. The declaration marks the ICT industry's upcoming transition into the 5.5G era. 
In a significant announcement at the 2023 MWC Shanghai 5G Advanced Forum, Yang Chaobin, a board member and President of ICT Product & Solution at Huawei, revealed the company's plans to launch a complete set of 5.5G network equipment for commercial use in 2024. The declaration marks the ICT industry's upcoming transition into the 5.5G era. -
China Takes Aggressive Measures to Bolster Wavering Yuan Amid Economic Concerns
In an attempt to stabilize a rapidly declining yuan, China's monetary authorities implemented stringent measures on Tuesday, marking the first such intervention in nearly eight months. As per market sources, the People's Bank of China (PBOC) established a higher-than-anticipated trading range for the yuan and state banks engaged in dollar sales, demonstrating an increased concern over the yuan's swift depreciation. 
In an attempt to stabilize a rapidly declining yuan, China's monetary authorities implemented stringent measures on Tuesday, marking the first such intervention in nearly eight months. As per market sources, the People's Bank of China (PBOC) established a higher-than-anticipated trading range for the yuan and state banks engaged in dollar sales, demonstrating an increased concern over the yuan's swift depreciation. -
A New Chapter Unfolds: TikTok's COO Pappas Steps Down
TikTok's operational helm experiences a shift as Vanessa Pappas, the company's Chief Operating Officer, steps down after a remarkable five-year tenure. Pappas, who has made significant contributions to the company, seeks to refocus on entrepreneurial ventures. Despite the transition, Pappas will continue to provide strategic advice to the platform, a move welcomed by TikTok CEO Shou Zi Chew. 
TikTok's operational helm experiences a shift as Vanessa Pappas, the company's Chief Operating Officer, steps down after a remarkable five-year tenure. Pappas, who has made significant contributions to the company, seeks to refocus on entrepreneurial ventures. Despite the transition, Pappas will continue to provide strategic advice to the platform, a move welcomed by TikTok CEO Shou Zi Chew. -
Fatal Gas Explosion at Chinese BBQ Joint Shakes Yinchuan: 31 Lives Lost
A tragic gas explosion that ripped through a BBQ restaurant in Yinchuan, the capital of China's Ningxia region, resulted in the death of at least 31 individuals, according to authorities who issued a statement on Thursday. The unfortunate incident occurred on Wednesday evening and left the two-story eatery in complete ruin. 
A tragic gas explosion that ripped through a BBQ restaurant in Yinchuan, the capital of China's Ningxia region, resulted in the death of at least 31 individuals, according to authorities who issued a statement on Thursday. The unfortunate incident occurred on Wednesday evening and left the two-story eatery in complete ruin. -
Jack Ma's Resurgence: The Unveiling of Alibaba's New Era
Jack Ma, Alibaba's elusive architect, re-emerged from retirement to take the reins of the colossal yet placid Alibaba empire, instantly catalyzing a wave of transformations. 
Jack Ma, Alibaba's elusive architect, re-emerged from retirement to take the reins of the colossal yet placid Alibaba empire, instantly catalyzing a wave of transformations.
