13 h. ago Is Luckin Coffee the new Starbucks? What to know about Chinese firm’s move to NJ, NYC

Is Luckin Coffee the new Starbucks? What to know about Chinese firm’s move to NJ, NYC  Bergen Record

Politics

13 h. ago Pentagon reliant on Chinese suppliers and ‘not prepared’ for war, report warns

The US defence industrial base remains dependent on Chinese suppliers despite efforts to decouple – and that raises concerns over war readiness, according to a report by data analytics firm Govini. Chinese firms still made up 9.3 per cent of the primary contractors, or Tier 1 suppliers, involved in major US defence programmes across nine critical sectors in 2024, Govini said in its annual National Security Scorecard. “The United States is not prepared for the war that we may have to enter if...

Events

42 h. ago Tariffs will ‘negatively impact’ MBTA rail car construction, Chinese firm says

Tariffs will ‘negatively impact’ MBTA rail car construction, Chinese firm says  Boston Herald

Economics

4 d. ago Chinese firm Dobot develops robotic arm capable of lifting 30kg at record speed

Chinese robotics company Shenzhen Dobot has developed a new product that can deliver a high payload at record speed. The CR 30H series, consisting of three models, is a six-axis robotic arm that can lift as much as 30 kilograms at speeds of 300 degrees per second, the fastest in the industry for such a payload, according to a company statement on Friday. In addition, the machine is able to remain stable, with a vibration range of less than 0.3 millimeters under a full load, allowing it to...

Politics

8 d. ago Chinese AI firm DeepSeek reportedly using shell companies to try and evade U.S. chip restrictions — allegedly procured unknown number of H100 AI GPUs after ban, but Nvidia denies the claim

Chinese AI firm DeepSeek reportedly using shell companies to try and evade U.S. chip restrictions — allegedly procured unknown number of H100 AI GPUs after ban, but Nvidia denies the claim  Tom's Hardware

Politics

8 d. ago US accuses Chinese AI firm DeepSeek of aiding Beijing's military and dodging chip export rules

US accuses Chinese AI firm DeepSeek of aiding Beijing's military and dodging chip export rules  Mint

Events

1 week ago Malaysia ‘stands firm’ on US chip curbs after alleged breach by Chinese company

Trade authorities in Malaysia have launched an investigation into claims that Chinese engineers bypassed US chip curbs by renting data centres packed with high-end Nvidia chips to train their artificial intelligence (AI) model in the country. The allegation, made in a report by The Wall Street Journal last Thursday, poses a potential stumbling block to Malaysia’s tariff negotiations with the US, which has curbed China’s access to high-end chips, including through third nations. Malaysia’s trade...

Politics

1 week ago Malaysia trade ministry probing reports of Chinese firm's use of Nvidia AI chips

Malaysia trade ministry probing reports of Chinese firm's use of Nvidia AI chips  Reuters

Politics

2 w. ago SemiDrive to supply cockpit chips in European EVs as Chinese firms go global

Chinese automotive chip firm SemiDrive will start supplying its cockpit system-on-a-chip (SoC) to an undisclosed European carmaker late next year, marking its first collaboration on the continent to push for global sales, a senior executive said. The chips would be used in several of the carmaker’s models including sedans and SUVs produced and sold in the Europe, Middle East and Africa region, general manager Eugene Wang said. The vehicles were expected to feature its X9 SoC, which integrates...

Politics

2 w. ago How China is driving a surge in shipping along Arctic sea routes

Chinese companies are showing growing interest in shipping goods to the West via the Northern Sea Route – an icy Arctic passage that opens up each summer – according to Rosatom, the Russian company that operates infrastructure along the route. The firm anticipates a significant uptick in voyages by Chinese companies along the NSR during the coming summer-autumn shipping season, and is adding more nuclear-powered icebreakers to its fleet to handle the growing traffic flow. Cargo traffic on the...

Politics

2 w. 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 China’s Ant International to seek stablecoin licence in Hong Kong

Fintech firm Ant International, the global affiliate of Chinese tech giant Ant Group, said it would apply for a stablecoin issuer licence in Hong Kong once the new ordinance governing fiat-backed cryptocurrencies comes into effect in August. “We welcome the passage of the Stablecoins Bill and hope to contribute more to the city’s vision as a global hub for next-gen finance,” Ant International said in a statement on Thursday. “We plan to apply for the fiat-referenced stablecoins issuer’s...

Politics

2 w. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

2 w. ago GoPro rival Insta360 eyes global expansion after strong Shanghai IPO

Insta360, the Chinese action camera maker challenging GoPro, surged 285 per cent in its trading debut on Shanghai’s Star Market after raising 1.9 billion yuan (US$264.5 million) in the city’s largest initial public offering (IPO) in 17 months. Max Richter, who co-founded the company with 34-year-old Chinese entrepreneur Liu Jingkang in 2015, said Insta360 is “committed to expanding [its] global presence and elevating brand influence to boost [its] market share worldwide”. He identified China,...

Politics

3 w. ago ‘Irresistible trend’: why Chinese firms are rushing to open factories in Hungary

When Agosto Bodo took a job at a Chinese law firm’s Budapest office last year, he found himself catapulted into the centre of a China-fuelled investment boom. Yingke Law Firm, a major player in Chinese corporate law, had opened the new office to serve a wave of Chinese companies looking to open factories in Hungary. And the business was quickly gaining momentum. “We helped our clients with sourcing labour, looking for offices – we provided the whole service to help them overcome the language and...

Politics

3 w. ago Chinese Firm Pulls Press Release Announcing New Nvidia AI Chip

Chinese Firm Pulls Press Release Announcing New Nvidia AI Chip  Investor's Business Daily

Economics

3 w. ago Chinese app firm Newborn Town sets up in Hong Kong for AI, global push

Hong Kong-listed Chinese app company Newborn Town will open a global headquarters and set up an artificial intelligence (AI) research centre in Hong Kong as a pivotal step in its overseas expansion strategy. “The landing of the global headquarters in Hong Kong marks a new stage in the company’s globalisation strategy and an important milestone of our company’s development,” said chairman Liu Chunhe at an opening ceremony in Hong Kong on Thursday. Newborn Town said it would focus on developing AI...

Politics

3 w. ago Xiaomi founder stays on as honorary chairman at Chinese software firm

Lei Jun – the 55-year-old Chinese entrepreneur transforming Xiaomi into a technology conglomerate covering smartphones, electric vehicles (EVs) and chips – will retain his seat as “honorary chairman” at Beijing Kingsoft Office Software, suggesting that the founder remains committed to taking on multiple roles on the business front lines. In his honorary chairman role, Lei, the “actual controller” of Kingsoft Office, will provide guidance on technology innovation, management and corporate...

Politics

3 w. ago Chinese Firm Webus' Stock Jumps After Filing With SEC for $300M XRP Strategic Reserve

Chinese Firm Webus' Stock Jumps After Filing With SEC for $300M XRP Strategic Reserve  CoinDesk

Economics