8 h. ago Chinese Export Growth Slows More Than Forecast as Demand Weakens

Chinese Export Growth Slows More Than Forecast as Demand Weakens  Bloomberg.com

Politics

46 h. ago Reuters deletes video of Xi and Putin talking about longevity after Chinese TV demand

Reuters deletes video of Xi and Putin talking about longevity after Chinese TV demand  Українська правда

Politics

6 d. ago Chinese delivery giant Meituan releases AI model to take on Alibaba, DeepSeek

On-demand local services giant Meituan has become the latest Chinese Big Tech company to release an open-source large language model (LLM) to market, more than two years after it acquired mainland AI start-up Light Year for US$281 million. Beijing-based Meituan, the long-standing leader of China’s food delivery market, on Monday released and open-sourced its own LLM, called LongCat-Flash-Chat, via artificial intelligence developer platforms Hugging Face and GitHub, as well as the model’s...

Politics

1 week ago Tencent counts on Chinese AI tools demand to lift overseas cloud business

Tencent Holdings is aiming for “aggressive” growth in the international cloud computing market, on the back of the growing appetite overseas for Chinese artificial intelligence (AI) models, according to a senior executive. That sharpened focus by Tencent stems from how its overseas cloud operations have been expanding “the fastest among all [its business] segments”, with “high double-digit growth over the past few years”, said senior executive vice-president Dowson Tong Tao-sang, who serves as...

Politics

1 week ago Meituan sales weaken, profit plummets amid ‘irrational’ delivery price war

Chinese on-demand local services giant Meituan saw second-quarter earnings fall, as it faced off against Alibaba Group Holding and JD.com in a costly instant delivery price war. Beijing-based Meituan on Wednesday reported weaker-than-expected revenue of 91.8 billion yuan (US$12.8 billion) in the quarter ended June 30. That was up 11.7 per cent from 82.2 billion yuan a year earlier, but fell short of the 93.7 billion yuan estimate by analysts. Net profit for the period tumbled 96.8 per cent to...

Economics

2 w. ago Europe’s scorching heatwave sees demand for Chinese air conditioners sizzle

From Paris to Athens, and Lisbon to Berlin, Europeans are enduring a prolonged and punishing summer heatwave amid global warming. And rising right alongside the blazing temperatures are China’s exports of air conditioners (ACs) to the continent, with a nearly 60 per cent jump by volume in July, compared with the same time last year, according to Chinese customs data. The Spanish capital of Madrid kicked off the week under a yellow alert – the third-highest heat warning on a four-tier scale –...

Society

2 w. ago Chinese refiners sweep up Russian oil after Indian demand falls, analysts say

Chinese refiners sweep up Russian oil after Indian demand falls, analysts say  Reuters

Politics

3 w. ago Oil falls as Chinese, US economic data raise fuel demand concerns

Oil falls as Chinese, US economic data raise fuel demand concerns  Reuters

Economics

3 w. ago Applied Materials’ forecast hit by weak Chinese demand, US export curb

Applied Materials’ forecast hit by weak Chinese demand, US export curb  South China Morning Post

Events