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Tag: China

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 […]

EU regulators to fine Apple over rift with Spotify
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 […]

France approves Apple’s iPhone 12 update
News Tech

China bans iPhone use at central government offices

China has ordered officials at central government officials to refrain from using Apple iPhones and other foreign-branded smartphones for work, The Wall Street Journal reported on Wednesday. It was unclear how broadly the orders were being disseminated after government heads recently gave the directions to their subordinates. China has implemented new legislation and compliance standards […]

Meta tests in-house AI chip to reduce reliance on Nvidia
News Tech

Meta links China with “Spamouflage” operation

Facebook’s parent company, Meta on Tuesday announced that it had discovered connections between members of the Chinese law enforcement community and the “Spamouflage” influence operation. According to a quarterly security report, the social media giant erased over 7,700 Facebook accounts, as well as hundreds of other pages, groups, and Instagram accounts linked to the campaign, […]

China's Evergrande files for bankruptcy in US
News

China’s Evergrande files for bankruptcy in US

Amid growing apprehension over China’s deepening property crisis and a weakening economy, embattled developer, China Evergrande Group has filed for bankruptcy protection in a U.S. court. This move marks a pivotal juncture in one of the world’s largest debt restructuring endeavors. Once renowned as China’s premier developer, Evergrande now stands as a symbol of the […]

Consumer spending drop over China’s economic difficulties
News Tech

Consumer spending drop over China’s economic difficulties

Consumer spending worldwide is expected to be at its lowest level since 2013 due to China’s economic difficulties. According to data from Counterpoint Research, the total number of smartphones scheduled to be shipped this year will drop by 6 percent to 1.15 billion units. According to the firm, economic challenges in China have reduced consumer […]