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Tag: China

China bans Intel, AMD processors in govt computers
News

China bans Intel, AMD processors in govt computers

China has issued guidelines prohibiting the use of US-made processors from companies like AMD and Intel in government computers and servers, The Financial Times reported. Additionally, the guidelines restrict the use of Microsoft Windows and foreign database products in favor of domestic alternatives, signaling the latest development in the ongoing tech trade tensions between the […]

US, China demand pushes oil prices beyond $83pb
Business

US, China demand pushes oil prices beyond $83pb

Early Friday trade indicated that oil prices had risen, driven by increased demand from the world’s two biggest consumers China and the United States. An upbeat assessment of prospective rate cuts from the US Federal Reserve added credence to this according to The Times. Brent oil futures were up 0.6%, or 49 cents, to $83.45 […]

China's Lenovo reports $15.72bn Q3 revenue growth
Business

China’s Lenovo reports $15.72bn Q3 revenue growth

The world’s largest manufacturer of personal computers, Lenovo Group (0992.HK), based in China, announced on Thursday that its revenue for the October-December quarter was $15.72 billion, a 3% increase over the same period last year. Reuters reported that the outcome was contrasted with the $15.25 billion mean of eight analyst projections aggregated by LSEG. Following […]

Nigeria-China trade hits $23bn - Envoy
featured

Nigeria-China trade hits $23bn – Envoy

The Chinese Ambassador to Nigeria and Consul General of the People’s Republic of China, Yan Yuqing, estimated that bilateral commerce between Nigeria and China would be $22.6 billion in 2023. The PUNCH reported that Nigeria has continued to be China’s third-largest trading partner in Africa, according to Yuqing. She made this revelation in Lagos during […]

Baidu denies data breach allegations after exec's daughter's leak
News Tech

Baidu AI bot hits 100m users

More than 100 million people have signed up for Baidu’s ChatGPT-like Ernie Bot, according to Wang Haifeng, the Chinese internet giant’s chief technology officer, announced on Thursday. The search engine giant revealed the user base milestone during a deep learning summit in Beijing, following the public launch of Ernie Bot in August. A partial debut […]

China approves 105 new online games
News Tech

China approves 105 new online games

China’s press and publications authority has given the green light to 105 new online games, expressing full support for the industry following massive losses by game makers after the restrictions The National Press and Publication Administration released a statement on its WeChat social media account on Monday, emphasizing that the approvals, sanctioned by the Game […]

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 […]

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