State-owned China International Capital Corp (CICC) is set to merge with its peer China Galaxy Securities, said five sources, in a deal that would create the country's third-largest brokerage with $193 billion in assets.
Chinese AI startup DeepSeek on Wednesday introduced discounted off-peak pricing for developers looking to use its AI models to build their own products, its website showed, a move that could put pressure on rivals in China and overseas to cut prices.
However, analysts doubt such a change would have an impact in a country where couples are tying the knot later and in fewer numbers than ever before.
When Shanghai-based designer Guo Qingshan posted a vacation photo on Valentine’s Day and captioned it “Puppy Mountain,” it became a sensation in China and even created a tourist destination.
The administration is positioning itself to clamp down on Chinese investment and access to technology. But the wild card may be the president himself.
Taiwan says China violated norms and caused a "high degree of danger" by announcing "live-fire exercises without prior warning" just off its coast.
Cook Islands Prime Minister Mark Brown survived on Wednesday a vote of no confidence in parliament brought by the opposition over deals he struck with China that strained relations with New Zealand.
Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a big AI push as it navigates headwinds from global economic uncertainty, geopolitical tensions and a weak property market.