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Tag: China

China unveils rules to cut spending on video games
News Tech

China unveils rules to cut spending on video games

Chinese officials on Friday, unveiled several regulations with the goal of reducing incentives and expenditures related to video games. The two largest gaming businesses in China lost about $80 billion in market value due to investor fear over the new regulations, which essentially established spending limitations for online games. Investors were trying to determine how […]

China warns against geographic info data breaches
News Tech

China warns against geographic info data breaches

China has issued a warning to security departments to perform thorough checks in order to prevent any more breaches. This warning comes after the government discovered that sensitive and private data in important areas, such as the military, may be compromised by foreign geographic information software. Following a thorough investigation, the Ministry of State Security […]

Jack Ma expresses confidence in Ant Group's AI future
News Tech

Jack Ma’s family to sell 10m company shares

The family trust of Chinese billionaire Jack Ma is set to sell 10 million Shares of Alibaba Group Holdings, for about $871 million, company said in regulatory filings. Funds belonging to the family trust, JSP Investment and JC Properties, will carry out the sale on November 21. Requests for a response from Alibaba and the […]

Baidu CEO warns against rush to AI
News Tech

Baidu CEO warns against rush to AI

The CEO of Baidu, one of the top AI companies in China, issued a warning on Wednesday, stating that the country’s haste to create massive language models may result in resource waste. Speaking at a Shenzhen industry forum, Robin Li expressed concerns about a possible industry shakeout since businesses creating huge language models are still […]

IMF backs CBN on interest rate hike
Economy

China’s slowing economy will affect Nigeria – IMF

The International Monetary Fund has revealed that Nigeria’s economic situation is expected to be impacted by China’s slowing growth. The Punch reported that the IMF stated that Nigeria’s economy could be impacted by China’s recent decline in growth by an average of 0.5 percentage points because China has established strong economic linkages with sub-Saharan African nations […]

Canada bans WeChat on govt devices
News Tech

Canada bans WeChat on govt devices

Canada on Monday prohibited the use of the Russian antivirus programme Kaspersky and the Chinese messaging software WeChat on mobile devices provided by the government due to privacy and security concerns. WeChat, owned by Tencent, and apps developed by Moscow-based Kaspersky “present an unacceptable level of risk to privacy and security,” according to a report […]

Chinese political, finance commentators to use real names on Weibo
News Tech

Chinese political, finance commentators to use real names on Weibo

The CEO of China’s Weibo acknowledged on Friday that the country may start compelling online commentators on politics and finance to reveal their names on their profiles, effectively robbing them of their right to anonymity. Concerns over escalating internet censorship and increased government oversight of the nation’s internet led local media and a number of […]

Russian court fines Apple over alleged LGBT violations
News Tech

Apple missing as China lists mobile app stores that comply with new rule

China has released the names of the first batch of mobile app stores that have concluded providing business information to authorities. According to the Cyberspace Administration of China, 26 app stores run by companies like Tencent, Huawei, Ant Group, Baidu, Xiaomi, and Samsung have filed paperwork with the authorities. However, the list does not include […]

China to draft working standard for metaverse
News Tech

China to draft working standard for metaverse

The Chinese Ministry of Industry and Information technologies announced that it will create a working group to define standards for the metaverse. This comes as Beijing aims to be a worldwide standards-setter for emerging technologies. The ministry On Monday, unveiled a draft proposal to establish a working group for the metaverse, a collection of online […]

China's Ant Group launches AI finance model
News Tech

China’s Ant Group launches AI finance model

Ant Group on Friday, revealed a finance-specific artificial intelligence model, and testing of consumer and business apps for the product has already begun. Established by billionaire Jack Ma, Ant is China’s largest fintech company and has more than 1 billion users worldwide for its Alipay payment system, the company’s debut into financial AI is noteworthy. […]

Tencent launches upgraded T1 AI model, boosts China’s AI race
News Tech

Chinese IT giant Tencent launches AI model

Tencent Holdings said on Thursday companies could now use its large language artificial intelligence model “Hunyuan”. The Chinese tech giant and owner of the WeChat social media platform conducted a demonstration before a live audience at a conference in Shenzhen, and said Hunyuan had become the foundation of more than 50 of its products and […]

France approves Apple’s iPhone 12 update
News

China bans govt employees from iPhones at work

The Wall Street Journal reported on Wednesday that China has instructed its government officials to stop using Apple iPhones and other foreign-branded cell phones for official functions. This action follows limits on technology that Western nations have placed on Chinese tech companies. Beijing’s main goal is to tighten information security regulations, while domestic businesses want to […]

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