A renewed emphasis by President Xi Jinping on building a 'strong financial nation' with a globally powerful currency is being interpreted as a signal for accelerated yuan internationalization, as global confidence in the dollar shows signs of strain.
Alibaba Group has pledged 3 billion yuan ($431 million) to promote its Qwen AI app during the upcoming Lunar New Year holiday, significantly outpacing similar campaigns by rivals Tencent and Baidu and marking a major escalation in China's competitive AI landscape.
Alibaba Group has announced a massive 3 billion yuan ($431 million) campaign to promote its Qwen AI app during the upcoming Lunar New Year holiday, significantly outpacing similar efforts by rivals Tencent and Baidu. The move intensifies a high-stakes battle for user adoption in China's rapidly evolving artificial intelligence sector.
Chinese courts have executed four individuals convicted of running a multi-billion dollar scam and gambling network from Myanmar, responsible for multiple deaths. The move signals Beijing's escalating pressure on Southeast Asia's industrial-scale cybercrime hubs.
Singapore will establish its National Space Agency on April 1st, aiming to leverage its technological prowess to secure a strategic position in the rapidly expanding global space economy, as global investments continue to soar.
The collapse of Shenzhen-based Jereh, a gold trading platform that operated with massive leverage and no physical backing, has left a trail of financial devastation for 150,000 retail investors, who now confront a controversial repayment plan offering mere fractions of their investments.
Argentina has reportedly purchased $808 million in Special Drawing Rights from the U.S. Treasury to cover an upcoming interest payment to the International Monetary Fund, highlighting the nation's ongoing financial pressures.
As China's pork industry grapples with overcapacity and falling prices, a growing appetite for premium, flavorful black pork among the middle class is offering a lifeline to farmers and reshaping market strategies.
President Trump nominates Kevin Warsh, a former Fed governor with a history of advocating for lower interest rates and expressing favorable views on Bitcoin, to lead the Federal Reserve, a move that could reshape monetary policy and digital asset markets.
Bitcoin's sharp decline this week mirrors a wider market rout, with analysts pointing to a confluence of geopolitical tensions, policy fears, and tech sector volatility as key drivers. The sell-off raises fresh questions about near-term support levels for the flagship cryptocurrency.
The potential nomination of former Fed Governor Kevin Warsh has sent ripples through financial markets, spotlighting his complex history with cryptocurrency—from early-stage investor to critic of Bitcoin as money, and now a proponent of a U.S. digital dollar.
China Life Insurance announces governance changes and a major investment partnership, highlighting a strategic pivot towards long-term, related-party investments amidst evolving regulatory landscapes in Asia's insurance sector.
