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24.12.25 - 15:06
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Chinese AI champion iFlytek sets up new entity to expand into semiconductor design (SCMP)
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US-blacklisted company iFlytek has set up a new corporate entity to expand into semiconductors and other artificial intelligence-related fields as part of efforts to bolster China's broader tech self-sufficiency initiatives.
The new entity, Shandong Yixun Information Technology, was incorporated last week with a registered capital of 50 million yuan (US$7.1 million), according to the latest information from Chinese corporate data provider Qichacha.
The scope of this entity's operations would......
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24.12.25 - 13:06
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ByteDance, other major Chinese tech firms dominate local consumer AI market: report (SCMP)
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ByteDance-owned Doubao remained mainland China's top consumer artificial intelligence app in December, according to a report, as the country's Big Tech companies continued to lead emerging start-ups in this market.
Doubao, a ChatGPT-like app, had 155 million weekly active users in the second week of December, according to data released on Tuesday by business intelligence service provider QuestMobile. It said that number was nearly double the 81.56 million total recorded by DeepSeek's eponymous......
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24.12.25 - 10:06
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China Jinmao sells five-star Ritz-Carlton hotel in Hainan′s Sanya for US$322 million (SCMP)
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China Jinmao Holdings, the property development arm of state-backed Sinochem Holdings, has sold a tourism subsidiary that owns the five-star Ritz-Carlton hotel on Hainan Island for 2.26 billion yuan (US$322 million), as it pursues asset restructuring amid a prolonged downturn in mainland China's real estate market.
Shanghai Jinmao, the developer's wholly owned unit, reached an agreement with Sanya Luanmao on Tuesday to sell its 100 per cent stake in Sanya Tourism, which solely owned the......
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24.12.25 - 09:12
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China′s Deep Robotics joins IPO rush as embodied intelligence sector heats up (SCMP)
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Deep Robotics, a Hangzhou-based maker of quadruped and humanoid robots, has taken the first formal step towards a mainland stock market listing, becoming the latest Chinese start-up to join a year-end rush into capital markets.
The company had entered its initial public offering (IPO) “guidance” phase, according to information published by the China Securities Regulatory Commission on Wednesday, December 24. The preparatory work was scheduled to be completed by June next year.
The move made Deep......
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24.12.25 - 04:36
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′C-beauty′ brands find retail expansion outside China a slow slog (SCMP)
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With its signature fan-shaped wall of lipsticks displayed at the entrance, the Hong Kong store of Mao Geping Cosmetics at the Harbour City shopping complex in Tsim Sha Tsui appeared quiet on a recent weekday night.
That underscored a sluggish state of affairs at Mao Geping, about two months after opening its first overseas location in the city, and the broader challenges faced by Chinese beauty – dubbed C-beauty – brands seeking to expand sales outside the mainland.
The cosmetics firm was named......
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24.12.25 - 03:33
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Sexting Banned In China? Beijing Stiffens Penalties For Sharing "Obscene" Material (ZeroHedge)
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Sexting Banned In China? Beijing Stiffens Penalties For Sharing "Obscene" Material
China is tightening its grip on digital content with a new rule banning the sharing of “obscene” material in private online messages, a move that could capture consensual adult exchanges like sexting and further blur the lines between public morality and personal privacy.
(Pretend that's in Mandarin)
Effective January 1, the revised regulations also stiffen penalties for disseminating pornographic content, allowing authorities to impose 10- to 15-day detentions and fines of up to roughly $700 - up from a prior ceiling of about $420.
Washington Post reports:
While the revision will target the dissemination of pornography and exploitative images — which are also strictly regulated in countries including the United States — it may also mean that consensual sexting could also be dragged into China's legal system. It will cover messages sent on WeChat, the ubiquitous Chinese social media app, and ...
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