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20.01.26 - 07:18
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China signals global AI push as MiniMax CEO joins meeting with Premier Li Qiang (SCMP)
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The CEO of Chinese artificial intelligence company MiniMax met Premier Li Qiang on Monday, becoming the second representative from a foundational AI model developer to meet with the national leader after Liang Wenfeng, founder of DeepSeek, a year ago.
The appearance of 36-year-old Yan Junjie along with eight other leading figures from China's business, culture and education spheres underscored the rapid ascent of the newly minted billionaire, who steered his company founded just four years ago......
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20.01.26 - 06:24
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China Flies Military Drone Into Taiwan Airspace For First Time (ZeroHedge)
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China Flies Military Drone Into Taiwan Airspace For First Time
In the latest geopolitical escalation - because let's face it, all that's left now for the global geopolitical chaos to be complete is for Beijing to finally launch its much anticipated invasion of Taiwan - China sent a military drone into Taiwanese airspace for the first time, underscoring Beijing's efforts to test the island's defenses.
The Chinese reconnaissance drone flew in the airspace of Pratas Island for about four minutes early Saturday, Taiwan's Defense Ministry said in a statement. The islet is near the southern end of the strait, about 400 kilometers (250 miles) from Taiwan's main island.
The unmanned aerial vehicle was a WZ-7 known as 'Soaring Dragon' according to a Taiwanese national security official. It flew at an “altitude outside the range of our air defence weapons and left following warnings Taipei broadcast via international radio channels”, Taiwan's defence ministry said in a statement.
The minist...
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20.01.26 - 06:18
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China Keeps Loan Prime Rates Unchanged (AFX)
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BEIJING (dpa-AFX) - China maintained its loan prime rates unchanged for the eighth straight session on Tuesday. The People's Bank of China kept its one-year loan prime rate unchanged at 3.0 percen......
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20.01.26 - 05:00
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China′s Busy Ming to test investor appetite for consumer plays with Hong Kong IPO (SCMP)
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Busy Ming Group, China's largest snack and drink retailer, is seeking to raise up to HK$3.34 billion (US$428 million) in a Hong Kong initial public offering (IPO), testing investors' appetite for consumer-oriented stocks.
The firm, which focuses on a value model, planned to sell 14.1 million shares at HK$229.60 to HK$236.60, according to its prospectus filed with the Hong Kong stock exchange on Tuesday. The stock is expected to begin trading on January 28.
Busy Ming owns two brands – Busy for......
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