President Macron said that France is accelerating developments in AI to bridge the gap with the US and shall invest much more in research and development. Artificial Intelligence has become the new battleground for the top global economies and France is among the latest to make a strong push in …
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China in recent years has taken a firm stance against cryptocurrencies, imposing stringent regulations and bans to mitigate potential risks associated with the decentralized nature of these digital assets. However, the tides may be turning as Hong Kong, a prominent financial hub, undergoes regulatory developments that suggest a more permissive …
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The Bitcoin and crypto market may have received yet another bullish narrative from China. As reported by Bloomberg, the country is mulling a major stimulus package to kick-start an economic recovery following the rebooting of the economy after the restrictive Corona measures. In light of Hong Kong’s recent opening to …
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The ban on Micron Technology has drawn a response from US Commerce Secretary Gina Raimondo who said America will not sit back and firmly oppose restrictions that are not backed by proper facts. The chip and semiconductor industry is likely to see its next major distortion following the labeling of …
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Despite the great ASML Q1 2023 earnings, sales of chips to China slowed down within that time period as geopolitical tension between China and the United States took a new twist. Netherlands-based chipmaker ASML Holding NV (NASDAQ: ASML) has projected its sales and earnings to the Chinese mainland will skyrocket …
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Rep. Mike Gallagher (R-WI), the chairman of the House Select Committee on the Chinese Communist Party, led a delegation of lawmakers last week for meetings in Hollywood and Silicon Valley, with an eye toward gathering information on how the two California-centric industries interact with Beijing. Their agenda in the entertainment …
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French president Emmanuel Macron is set to kick off a three-day trip to Beijing this week, a high-stakes diplomatic mission that will be a delicate balancing act between urging Chinese leader Xi Jinping to alter his stance on Russia’s invasion of Ukraine and maintaining France’s trade priorities. The French delegation accompanying …
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Tesla CEO Elon Musk appears set to visit China amid an increasingly frosty relationship between Beijing and Washington. Elon Musk reportedly plans to visit China in April to meet with the country’s Premier Li Qiang. However, inside sources explained that the timing of Musk’s visit remains subject to Li Qiang’s availability. …
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Following two years of crackdowns and sanctions, China appears ready to unlock private sector potential via tech IPO developments. Alibaba Group Holding and JD.com are reportedly involved in developments that could revive the long-dormant tech IPO landscape in China. Both tech giants are setting plans to float initial public offerings …
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The crash of many firms last year alarmed both crypto users and regulators. One of the most notable was the FTX exchange crash and its unending contagion, which has spread into 2023. As a result, many regulators in different countries are taking steps to protect crypto users and investors. Some …
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Our weekly roundup of reports from East Asia curates the trade’s most essential developments. Hong Kong strikes bullish On Feb. 20, the Securities and Futures Fee (SFC) of Hong Kong launched a session on its proposed regulatory necessities for digital asset buying and selling platforms. The SFC requires the licensing …
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[PRESS RELEASE – Toronto, Canada, 15th February 2023] At present China Telecom and Conflux Community announce a partnership to convey Blockchain SIM playing cards (BSIM) to market. The entry-level Web3 product would be the largest blockchain {hardware} product ever seen globally, involving probably the most customers and functions. China Telecom …
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