3 h. ago China’s private firms back in driver’s seat as regulations ease: Goldman Sachs

“The tide has turned” for China’s private enterprises, said analysts with Goldman Sachs, as regulatory restrictions are being lifted to help non-state firms pursue breakthroughs in cutting-edge technology and expand their international presence. The private sector’s “animal spirits” are making a return, with investment patterns suggesting a renewal led by capital expenditure, more aggressive overseas expansion plans, research and development spending and heightened fundraising activity, the...

Economics

4 d. ago China steps up global aviation expansion as Comac bids for Laos carrier

The Commercial Aircraft Corporation of China (Comac) has reportedly bid to take a majority stake in the flag carrier of Laos, as the state-owned Chinese aviation firm continues its push to expand its market in Southeast Asia. The deal – which is pending approval by the Lao authorities – would see Comac help Lao Airlines overhaul its operations and stem its losses in exchange for the carrier agreeing to use the Chinese company’s passenger jets, Vientiane Times quoted Prime Minister Sonexay...

Politics

2 w. ago Will Indonesia’s Whoosh extension to Surabaya be derailed by Chinese debt?

Indonesia is reviving plans to extend its Chinese-backed high-speed rail network, with ambitions to connect Jakarta with Surabaya, the nation’s second-largest city. But analysts say familiar complications could stall the project, from regulatory hurdles to the mounting debt owed to China. The proposed extension would build on Whoosh – Southeast Asia’s first high speed rail line – a US$7.3 billion project connecting capital Jakarta to Bandung in West Java province. The 142km (88-mile) railway,...

Events

2 w. ago Unitree Robotics changes to joint stock limited company, fanning IPO speculation

China’s top humanoid robot start-up Unitree Robotics has converted into a company limited by shares, a move that has fanned speculation around its public listing plans, as Chinese robotics firms rapidly expand amid the country’s fervour for the artificial intelligence (AI)-enabled machines. Unitree has changed from a limited liability company into a joint stock limited company, an equivalent to a company limited by shares, according to records on Chinese corporate database Qichacha published on...

Politics

3 w. ago Alibaba CEO doubles down on ‘unified global cloud network’ as Chinese firms expand abroad

Eddie Wu sees Alibaba Cloud providing the ‘best AI technical services’ to support Chinese enterprises’ global expansion.

Economics

3 w. ago Alibaba CEO doubles down on plans for ‘unified global cloud network’

Alibaba Group Holding chief executive Eddie Wu Yongming has doubled down on the company’s plan to create a “unified global cloud network”, months after drawing up a 380 billion yuan (US$52.7 billion) investment programme for computing resources and artificial intelligence (AI) infrastructure in China. The Hangzhou-based tech conglomerate’s cloud computing and AI services unit, Alibaba Cloud, will accelerate the buildout of that international network across Japan, South Korea, Southeast Asia, the...

Economics

3 w. ago Chinese Hackers Exploit Ivanti EPMM Bugs in Global Enterprise Network Attacks

Chinese Hackers Exploit Ivanti EPMM Bugs in Global Enterprise Network Attacks  The Hacker News

Events

3 w. ago Germany busts group suspected of procuring visas for wealthy Chinese

The network is believed to have helped a large number of Chinese nationals enter and stay in Germany, charging up to US$260,790 per case.

Politics

3 w. ago China’s growing C919 jet network, AI in Chinese military: SCMP daily highlights

China’s growing C919 jet network, AI in Chinese military: SCMP daily highlights  South China Morning Post

Events